Title: Minnesota Withdrawal of Assumed Name for Corporation: Explained Introduction: Minnesota Withdrawal of Assumed Name for Corporation is a legal process that allows corporations operating with an assumed name in Minnesota to formally withdraw that assumed name. This withdrawal ensures compliance with the state's business laws and provides clarity to stakeholders involved. Let's delve into the details of the withdrawal process and its various types. 1. Assumed Name for Corporation in Minnesota: In Minnesota, corporations wishing to operate under a different name than their legal name must file an assumed name with the Secretary of State. This allows them to conduct business using an alternative name while maintaining their corporate structure and legal identity. 2. What is Minnesota Withdrawal of Assumed Name for Corporation? Companies may decide to withdraw their assumed name for various reasons, such as rebranding, mergers, acquisitions, or changing business strategies. The Minnesota Withdrawal of Assumed Name for Corporation process officially terminates the use of the assumed name, ensuring compliance with state regulations. 3. Steps for Minnesota Withdrawal of Assumed Name for Corporation: a. Drafting a resolution: The corporation's board of directors or shareholders must pass a resolution to withdraw the assumed name. b. Filing the withdrawal: The corporation files the appropriate form with the Minnesota Secretary of State's office along with the required fee. c. Publication: The withdrawal must be published in an authorized newspaper in the county where the corporation's principal place of business is located for a specified period. d. Compliance verification: Corporations withdrawing their assumed name must meet any additional requirements, such as paying outstanding taxes or securing necessary approvals from other state agencies. e. Certificate of Withdrawal: Once all requirements are met, the Secretary of State issues a Certificate of Withdrawal, officially terminating the use of the assumed name. 4. Different Types of Minnesota Withdrawal of Assumed Name for Corporation: a. Voluntary Withdrawal: Occurs when a corporation willingly chooses to withdraw its assumed name, usually due to a change in business strategy or branding. b. Involuntary Withdrawal: Can happen when a corporation fails to comply with state regulations or engages in fraudulent activities, prompting the state to force withdrawal of the assumed name. Conclusion: The Minnesota Withdrawal of Assumed Name for Corporation provides a legal framework for corporations operating under an assumed name to effectively terminate its use when necessary. By following the appropriate steps and obtaining the required certifications, corporations can ensure compliance with state laws and protect their legal rights. Whether voluntary or involuntary, a withdrawal of an assumed name is an essential process in maintaining transparency and legitimacy within the business community.
Minnesota Withdrawal of Assumed Name for Corporation
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Change, replace or add an assumed name (doing business as) of a licensed business entity. For changing or replacing an assumed name, complete and submit the Amendment to Certificate of Assumed Name with filing fee to the Minnesota Secretary of State.
Business Name Change Understand why you're changing your business name. ... Conduct a name search. ... Obtain approval. ... Notify the Secretary of State and contact the IRS. ... Determine if you will need a new EIN. ... Update business licenses and permits. ... Speak with a legal professional. ... Final Thoughts: Consider a Doing Business As Name (DBA)
To file in person or by mail, submit the Amendment of Articles of Incorporation to the Minnesota SOS. The form you need to amend your articles of incorporation is in your online account when you sign up for registered agent service with Northwest. Keep the original copy and submit a legible photocopy to the SOS.
How do you dissolve a Minnesota Corporation? Corporations which have issued shares: To dissolve your Minnesota corporation after it has issued shares, you must first file the Intent to Dissolve form with the Minnesota Secretary of State (SOS). Then the corporation will file the Articles of Dissolution Chapter 302A.
Minnesota requires that all sole proprietorships and partnerships file a DBA with the Secretary of State if they want to operate under any name that is not the owners' own name. LLCs. All LLCs must register a DBA when purchasing and operating a new business that uses any name other than the LLC's name.
Minnesota Secretary of State (SOS) accepts filings made in person, by mail, or online. The Minnesota SOS accepts cash or check for paper filings and check or credit card for electronic filings. To file in person or by mail, submit the Amendment of Articles of Incorporation to the Minnesota SOS.
The process of adding a member to a Minnesota LLC may involve amending the company's articles of organization to include the new member. Depending on the terms in the agreement, current LLC members may need to vote on it for the amendment to pass.
To complete the name change, submit the following documents to us: Completed DLI Licensed Business Name Change form. Copy of the amendment changing the legal name with Minnesota Secretary of State. Updated Certificate of Insurance showing the new legal entity as the insured.
