Minnesota Plan of Liquidation
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FAQ
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.
Administrative dissolution is an action that the Minnesota Secretary of State takes when a Minnesota business does not take certain actions required by law. When a business is administratively dissolved, it ceases to exist in Minnesota.
How do I close a business? To close your business and all of your tax accounts through e-Services, you must be an e-Services Master for the business. You can also email business.registration@state.mn.us, or call 651-282-5225 or 1-800-657-3605 (toll-free). Note: If your business closed more than a year ago, contact us.
Things you need to do before you Dissolve a Minnesota LLC. Hold a Members meeting and record a resolution to Dissolve the Minnesota LLC. File a Notice of Dissolution with the MN Secretary of State. File all required Annual Business Renewals with the Minnesota Secretary of State. Clear up any business debt.
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. 7291 or 302A. 727.
Nonprofit Articles of Dissolution under Minnesota Statutes, section 317A. 721 can only be used to dissolve a nonprofit corporation that HAS named its first Board of Directors.
How do I close a business? To close your business and all of your tax accounts through e-Services, you must be an e-Services Master for the business. You can also email business.registration@state.mn.us, or call 651-282-5225 or 1-800-657-3605 (toll-free). Note: If your business closed more than a year ago, contact us.
317A. A nonprofit corporation's purpose and activities must serve the organization's mission to benefit the public, and may not be operated to profit other persons or entities.
