Convert To Jpg Legal Minnesota Pre-Incorporation Forms For Free

To file in person or by mail, submit the Amendment of Articles of Incorporation to the Minnesota SOS. The form you need to amend your articles of incorporation is in your online account when you sign up for registered agent service with Northwest. Keep the original copy and submit a legible photocopy to the SOS.

If you've elected to file federal taxes as an S Corp, you'll be responsible for paying a different corporate tax of 9.8 percent. Talk to your accountant or tax preparer, or contact the MN Department of Revenue to determine whether you're required to pay the franchise tax and to ensure you're paying the correct amount.

To form a Minnesota S corp, you'll need to ensure your company has a Minnesota formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.

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.

LLCs and S corps are each separate business entities A corporation is formed by filing articles of incorporation with its state of incorporation. To be taxed as an S corporation it then has to file an election form with the IRS. An LLC is formed by filing articles of organization with its formation state.

When a single-member LLC is taxed as an S Corporation, profits and losses pass through to the owner's personal income tax return. However, there's a difference that may reduce the LLC owner's personal tax liability. As an S Corporation, the LLC must put the owner on its payroll.