Certificate Of Authority To Transact Business

CERTIFICATE OF AUTHORITY TO TRANSACT BUSINESS IN MINNESOTA. This form is used in Minnesota for foreign corporations and cooperatives that want to conduct business in the state. A foreign corporation refers to a business that was incorporated in a state or country outside of Minnesota. This certificate ensures that the company is legally registered and compliant with Minnesota state laws, as outlined in Minnesota Statutes, Chapter 303. By filing this form, the company certifies that it has complied with the organization laws in its home jurisdiction and has not previously had a revoked filing in Minnesota. The form requires the company to provide its legal name, any alternate corporate name, the home jurisdiction, and the registered agent and office in Minnesota. Additionally, the entity must indicate whether it is a for-profit or nonprofit business, and cooperatives must specify their status. For professional corporations governed under Chapter 319B, an additional attachment is required, stating their election to operate under Minnesota laws and specifying the professional services they are authorized to provide. The form also includes an email notification option, a section for business ownership reporting, and a Minnesota Business Snapshot survey to collect optional demographic and industry-related information. Filing fees vary depending on submission type: $220 for expedited in-person or online filings and $200 for mailed submissions ($70 or $50 for nonprofits, respectively). The completed form must be submitted to the Minnesota Secretary of State’s Business Services Office. Businesses that own or lease agricultural land must also register with the Minnesota Department of Agriculture’s Corporate Farm Program. Businesses may need to comply with the Corporate Transparency Act (CTA), which requires reporting beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). www.FormsWorkflow.com