Registration with the Minnesota Secretary of State
Maintaining your business registration with the Minnesota Secretary of State (and all other states in which you do business in, if required) is essential. Generally all businesses have to file an annual renewal with the Minnesota Secretary of State. If you do not file the annual renewal, your business is “statutorily dissolved” by the Minnesota Secretary of State. If your business is “statutorily dissolved” your business does not exist. More importantly, your business loses its corporate/company veil, which is generally one of the primary reasons why you incorporated or organized your business. While you can pay the reinstatement fee for your...
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