CHANGES IN NEW BUSINESS FILINGS IN MINNESOTA

There have recently been a number of changes at the Secretary of State’s office that impact new business filings:

1) Costs have increased for on-line filing and in person filings. If you file a Sole Proprietor the fee is now $30, and if you file on line for in person the fee has been raised to $50. Likewise fees have increased for on line and in person filings for the other business entities (LLC’s for example) as well.

2) If you file a Sole Proprietor (Certificate of Assumed name) you will have to now file an annual renewal to stay current. There is no charge for annual renewals. If you are already a sole proprietor under the old plan, the filing was good for 10 years. When the ten years are up, you will have to re-file (and pay all fees) and from that point on you will have it file annual renewals.

3) Go to www.sos.state.mn.us to get more information.

If you have any questions, please feel free to e-mail me at bob@21questionbusinessplan.com

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