Minnesota S-Corporation Status – Kit
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This S-Corporation Status Kit contains important information and guidelines for qualifying your corporation for S-corporation status. This kit is for use in Minnesota and is available for immediate download.
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This S-Corporation Status Kit for Minnesota includes the following:
- Notes and Requirements for S-Corporation Status
- S-Corporation Checklist
- Notice of Special Shareholders Meeting Regarding S-Corporation Status
- Affidavit of Mailing of Notice of Special Shareholders Meeting Regarding S-Corporation Status
- Waiver of Notice of Special Shareholders Meeting Regarding S-Corporation Status
- Minutes of Special Shareholders Meeting Regarding S-Corporation Status
- Resolution of Shareholders Regarding S-Corporation Status
Protect Yourself and your Business by using our professionally prepared up-to-date forms.
This attorney-prepared packet contains:
- General Information
- S-Corporation Status Kit for use in Minnesota
Minnesota S-Corporation Status – Kit
Product Details
| Product | Minnesota S-Corporation Status – Kit |
| Country | United States |
| Pages | 11 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | S-Corporation Status |
| Product number | #40208 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
An S-Corporation is a special type of corporation that meets specific Internal Revenue Code requirements. It allows income to be passed through to shareholders, avoiding double taxation at the corporate level.
To qualify for S-Corporation status, your corporation must meet certain criteria, including having no more than 100 shareholders, all of whom must be individuals, and having only one class of stock.
The kit includes essential documents such as a checklist for S-Corporation status, notices for special shareholders meetings, affidavits of mailing, waivers, minutes, and resolutions.
Yes, the S-Corporation Status Kit is designed to comply with the laws and regulations of Minnesota, ensuring that all necessary legal requirements are met.
No, this kit is specifically tailored for corporations operating in Minnesota. Different states have varying requirements for S-Corporation status, so it's essential to use state-specific forms.
Is This Form Right For You?
Use This Form If:
- Individuals who own a corporation in Minnesota may need this S-Corporation Status Kit to ensure they meet the necessary requirements for S-Corporation status. This status allows them to avoid double taxation and pass profits directly to shareholders.
- Situations requiring a formal meeting of shareholders often necessitate the use of this kit. It provides essential documents such as notices and minutes that are crucial for compliance with state laws during the transition to S-Corporation status.
- For those looking to maximize tax benefits, this kit offers a comprehensive checklist and guidelines to qualify as an S-Corporation. Understanding the requirements can help business owners make informed decisions regarding their corporate structure.
- When preparing for a special shareholders meeting, the included documents in this kit ensure that all legal formalities are observed. This is vital for maintaining corporate governance and protecting the interests of all shareholders.
- Businesses that are transitioning from a standard corporation to an S-Corporation will find this kit invaluable. It provides the necessary forms and information to facilitate a smooth transition while adhering to Minnesota state law.
Do Not Use If:
- – This form is not appropriate for corporations that do not meet the eligibility criteria for S-Corporation status, such as having more than 100 shareholders or multiple classes of stock.
- – If your business is a sole proprietorship or partnership, this kit will not be applicable as it is specifically designed for corporations seeking S-Corporation status.
- – In situations where the corporation has previously elected S-Corporation status and is now considering reverting to a C-Corporation, this kit would not be suitable for that purpose.
- – For businesses that are not located in Minnesota, using this kit could lead to compliance issues, as it is tailored to meet the specific legal requirements of Minnesota law.
- – If you are looking for general business formation documents rather than specific S-Corporation status forms, this kit will not meet those needs.
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Package of the most frequently used forms to start a corporation for use in all states.
Product Laws
S-Corp Information - Minnesota
Secretary of State
Corporate Division
180 State Office Bldg.
100 Rev. Dr. Martin Luther King Jr. Blvd.
St. Paul MN 55155-1299
Telephone: 651-296-2803
State web address: http://www.leg.state.mn.us/
State law reference: Minnesota Statutes, Section 302A.
Title of filing: Articles of Incorporation.
Filing Fees: $160.
Other fees: None.
Name reservation: Reservable for 12 months, renewable. (Section 302A.117). $35 filing fee.
Name requirements: Corporation, Incorporated, Company, Limited, or abbreviation, except that “Company” or
“Co.” cannot be preceded with “and” or “&.” (Section 302A.115).
Incorporator requirements: One or more natural persons. (Section 302A.105).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 302A.101).
Director requirements: One or more. (Section 302A.203).
Paid-in capital requirements: None.
Annual report requirement: Yes, annual renewal is required to be filed with the Secretary of State. Failure to file
by December 31 results in the corporation losing its good standing, and failure to file for two consecutive years
results in dissolution of the corporation. (Section 302A.821).
Publication requirements: None.
Other provisions: A Minnesota corporation is required to have a registered office, but naming a registered agent
is optional. (Section 302A.121). Also, section 302A.111(2) lists twenty different provisions that will govern a corporation
unless modified in the Articles. For example, unless stated otherwise in the Articles, cumulative voting is
allowed, (Section 302A.111(2)(d)), the par value of shares, for purposes of collecting fees and taxes, is set at one
cent per share, (Section 302A.111(2)(j)), and a written action of shareholders must be signed by all shareholders.
(Section 302A.111(2)(t)). For a complete list of the provisions, see Section 302A.111(2)).
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