Instructions for Form DIV103 Certificate of Dissolution - Minnesota

Form DIV103 Certificate of Dissolution - Minnesota

This document contains official instructions for Form DIV103 , Certificate of Dissolution - a form released and collected by the Minnesota District Courts. An up-to-date fillable Form DIV103 is available for download through this link.

FAQ

Q: What is Form DIV103?A: Form DIV103 is the Certificate of Dissolution, which is used to officially dissolve a corporation in the state of Minnesota.

Q: When should I use Form DIV103?A: You should use Form DIV103 when you have decided to dissolve your corporation and want to formally notify the state of Minnesota.

Q: What information do I need to provide on Form DIV103?A: You will need to provide basic information about your corporation, such as its name, date of incorporation, and the reason for dissolution.

Q: Are there any fees associated with filing Form DIV103?A: Yes, there is a filing fee of $35 to submit Form DIV103 to the Minnesota Secretary of State.

Q: How long does it take to process Form DIV103?A: Once submitted, it generally takes about 5-7 business days for the Minnesota Secretary of State to process Form DIV103.

Q: What happens after I submit Form DIV103?A: After your Form DIV103 is processed, your corporation will be officially dissolved and its status will be updated in the state records.

Q: Do I need to notify other agencies or creditors about the dissolution of my corporation?A: Yes, you should notify any relevant agencies, such as the IRS and state tax authorities, as well as any creditors or business partners, about the dissolution of your corporation.

Q: Can I reinstate my corporation after it has been dissolved?A: Yes, you can apply for reinstatement of your dissolved corporation within five years of its dissolution date by filing Form REF001 - Application for Reinstatement with the Minnesota Secretary of State.