When you are looking for answers to the question, “How do I close a business in MN?”, you need to know the steps that must be taken to legally close a business in Minnesota. In this article, we will discuss the necessary steps to completely close a business in the state of Minnesota.

How to Close a Business in MN?

Closing a business in Minnesota is a complex process and involves multiple steps. In order to close your business properly, you must first log in to e-Services, select the Taxpayer Information tab, select Close Business and then complete the remaining steps as directed. To complete the dissolution, Articles of Termination must be filed in accordance with Minnesota Statutes, Section 322B.816 or 322B.82. Additionally, you must also file your business document online with the Minnesota Secretary of State.

Steps to Close a Minnesota LLC

For Minnesota LLCs, the process to close a business includes the following steps:

  • Follow your Minnesota LLC Operating Agreement
  • Close your business tax accounts
  • File Articles of Dissolution with the Minnesota Secretary of State
  • Prepare and file US IRS Form 966 for you to sign and file
  • Prepare documents to cancel any permits or licenses associated with the business

Tips on How to Close a Business in MN

When closing a business in Minnesota, it is important to remember to:

  • Notify all creditors, customers, and suppliers that the business is closing.
  • File all required paperwork with the Minnesota Secretary of State.
  • File all required paperwork with the Internal Revenue Service.
  • Notify all employees that the business is closing.

Closing a business in Minnesota is a complex process and involves multiple steps. If you need help closing your business in Minnesota, you should consult with a business broker. Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

What is the process for shutting down a business in Minnesota?

To shut down your business and all associated tax accounts with e-Services, you must be an e-Services Master for the business. Alternatively, you can send an email to [email protected] or give them a call at 651-282-5225 or 1-800-657-3605 (toll-free). Note: If your business has been closed for more than a year, please get in touch with them.

What is the process for shutting down an LLC in Minnesota?

In Minnesota, you must first send in a Statement of Dissolution declaring that you are finishing up your LLC. After that is done, you must submit the Statement of Termination. Minnesota requires business owners to submit their Statement of Termination through the mail, online, or in person.

What steps do I need to take to shut down my business at the end of the year?

1. Submit the last set of forms and documents. You must file a last report for the year you shut down your business.
2. Deal with your workers. Tax connected to employment.
3. Pay the taxes you owe.
4. Report how much you paid contractors.
5. Cancel your EIN and shut down your IRS business account.
6. Retain your records.

What is the process of dissolving a single member Limited Liability Company in Minnesota?


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Step 5: File a final tax return.

1. Gather all the members of the LLC and have a meeting.
2. Submit a notice of dissolution.
3. Complete all outstanding business and liabilities.
4. Submit Articles of Termination.
5. File a final tax return.