In Minnesota, your LLC is legally required to file an annual renewal with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date.
What Is an Annual Renewal?
Your LLC must file an annual renewal, known as an annual report in most states, with your state to keep your company in good standing.
Who Needs to File an Annual Renewal?
Any business that is legally registered with the state of Minnesota must file this report, which includes detailed information about your business.
How to File a Minnesota Annual Renewal
In Minnesota, the annual renewal is filed with the Secretary of State. You can file online by visiting the online business services website and taking the following steps.
- Go to the business services website and enter your business name.
- Fill out the annual renewal form.
- File your report. There is no fee.
If you choose to file by mail, download the form and mail it to:
Minnesota Secretary of State – Business Services
First National Bank Building
332 Minnesota Street, Suite N201
Saint Paul, MN 55101
In Minnesota, annual renewals are due every year by December 31st. The penalty for filing late is $0, while the penalty for failing to register a report altogether is the dissolution of the LLC.
As mentioned above, the fee for filing an annual LLC renewal in Minnesota is $0.
What Happens After I File my Minnesota Annual Renewal?
After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.
Filing an annual renewal is a requirement for LLCs in Minnesota, so it’s critical that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.