Hennepin Minnesota Withdrawal of Assumed Name for Corporation

• Category: Corporations - Trade Names
• State: Multi-State
• County: Hennepin
• Control #: US-984N
• Format: Word; Rich Text

Description

This is a Withdrawal of Assumed Name for Corporation, to be used across the United States. This form allows one acting on behalf of a corporation, to withdraw a previously selected assumed name by said corporation.

Hennepin County, Minnesota is home to a significant number of corporations and businesses operating under assumed names. However, there may come a time when a corporation decides to withdraw or relinquish their assumed name for various reasons. In such cases, the process of Hennepin Minnesota Withdrawal of Assumed Name for Corporation becomes crucial. The Withdrawal of Assumed Name for Corporation refers to the formal procedure of canceling or terminating a previously registered assumed name used by a corporation in Hennepin County, Minnesota. This process ensures that the corporation no longer conducts business under that particular assumed name. There are two main types of Hennepin Minnesota Withdrawal of Assumed Name for Corporation, each carrying specific characteristics and requirements: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation chooses to voluntarily terminate the use of its assumed name. Reasons for a voluntary withdrawal may include rebranding, mergers, acquisitions, or corporate restructuring. To execute a voluntary withdrawal, the corporation must file the appropriate forms and pay the necessary fees to the Hennepin County Department of Business Services. 2. Involuntary Withdrawal: In some cases, a corporation may be compelled to withdraw its assumed name due to legal reasons or failure to comply with certain statutory obligations. This type of withdrawal often occurs when a corporation is found to be engaged in fraudulent activities or has violated state or federal regulations. An involuntary withdrawal may be initiated by the courts or regulatory authorities in Hennepin County, Minnesota. To initiate a Hennepin Minnesota Withdrawal of Assumed Name for Corporation, the following steps are generally followed: 1. Research and Compliance: Prior to filing the withdrawal forms, the corporation must ensure that it has fulfilled all its legal obligations, such as filing necessary tax returns, settling outstanding debts, and obtaining any required permits or licenses. 2. Form Submission: The corporation must complete the relevant withdrawal form provided by the Hennepin County Department of Business Services. This form typically requires information such as the corporation's legal name, assumed name, business address, and reason for withdrawal. 3. Payment of Fees: Along with the completed withdrawal form, the corporation must submit the corresponding filing fee. The fee amount may vary depending on the type of withdrawal and is assessed to cover administrative costs associated with processing the withdrawal request. 4. Documentation: The corporation may have to provide additional supporting documents, such as resolutions from the board of directors approving the withdrawal or any relevant court orders (in cases of involuntary withdrawal). 5. Submission and Processing: Once all the necessary documents and fees are submitted, the Hennepin County Department of Business Services will review the withdrawal request. If everything is in order and meets the legal requirements, the withdrawal will be processed, and the assumed name will no longer be active for the corporation. By successfully completing the Hennepin Minnesota Withdrawal of Assumed Name for Corporation, businesses can ensure their legal compliance and avoid any potential confusion in their operations. It is recommended that corporations seeking to withdraw their assumed names consult with legal professionals or the Hennepin County Department of Business Services for guidance throughout the process.