The Minnesota Amendment to Articles of Incorporation refers to the legal process by which a business entity operating within the state of Minnesota makes changes or modifications to its existing articles of incorporation. The articles of incorporation form the foundation of a corporation and contain essential information including the company's name, purpose, registered agent, shareholders' rights, and governance structure. The amendment becomes necessary when a corporation seeks to introduce alterations or updates to any of the aforementioned information mentioned in its articles of incorporation. These modifications may be necessitated by various reasons, such as a change in business address, registered agent, corporate name, or purpose of the corporation. There are several types of amendments that can be made to the articles of incorporation in Minnesota: 1. Name Change Amendment: If a corporation wishes to alter its legal name, it must file a name change amendment. This amendment ensures that the Minnesota Secretary of State database accurately reflects the new name. 2. Registered Agent Change Amendment: In the event that a company decides to change its registered agent, it must file an amendment to update this information. The registered agent is the individual or entity designated to receive legal documents and official correspondence on behalf of the corporation. 3. Address Change Amendment: When a corporation moves its principal place of business to a new location, it must file an amendment to update the registered address. This amendment ensures that official communication reaches the corporation at the correct address. 4. Purpose Change Amendment: If a corporation wants to expand or modify its stated purpose, an amendment is required. This change can be significant, such as shifting from a manufacturing company to a technology company, or a minor adjustment to focus on new product lines. 5. Director/Shareholder Change Amendment: In the case of changes in the board of directors or shareholders, an amendment is necessary to update the corporation's records accurately. To execute an amendment, a corporation must prepare and submit the appropriate documentation to the Minnesota Secretary of State. This typically includes completing a specific amendment form, which can be obtained from the Secretary of State's office or website. The form must include the relevant information pertaining to the amendment, such as the corporation's name, identification number, and the specific changes being made. When filing an amendment, it is crucial to provide accurate and complete information to avoid any potential issues or delays in processing. Additionally, it is advisable to consult with a legal professional or corporate attorney to ensure compliance with all relevant laws and regulations. Overall, the Minnesota Amendment to Articles of Incorporation allows corporations operating within the state to make necessary changes to their foundational documents, ensuring accuracy and compliance with current business requirements.
Minnesota Amendment to Articles of Incorporation
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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.
Changing Your Company Name When changing its name, company must get an approval from the state BEFORE officially using the new name. A corporation or LLC name is changed by filing an amendment to the Articles of Incorporation or Organization (Article of Amendment).
If you are a Minnesota-organized business entity, file the applicable business name change form and filing fee with the Secretary of State. 3.) If you are a foreign business entity, file the applicable form and filing fee with the Minnesota Secretary of State: Foreign corporation -- Name Change Amendment Form.
File a Certificate of Amendment: If the new owner is not specified in the Operating Agreement or the will, a Certificate of Amendment must be filed with the Minnesota Secretary of State to change the ownership of the LLC.
How much does it cost to form an LLC in Minnesota? The Minnesota Secretary of State charges $135 to file the Articles of Organization by mail and $155 to file online or in-person. You can file an LLC name reservation for $50 if filed by mail and $55 if filed online or in-person.
It costs $50 to change your LLC name in Minnesota. This is the online filing fee for the Amendment to Articles of Organization form. Note: If you file by mail, you save a little money but the approval time is longer. The filing fee by mail is $35.
Name change actions can take anywhere from a day to six (6) months (sometimes even longer).
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.