Minnesota Registered Agent Services | LLC Registered Agent

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If you are trying to form a Minnesota LLC, then take note that in this state, starting an LLC requires having a Minnesota registered agent who will handle all official paperwork on the LLCs behalf. 

Minnesota Registered Agent Requirements

There are certain requirements to fill the role of a Minnesota registered agent:

  • The nominee must be more than 18 years old.
  • The individual must have a legal, physical address in the state where the LLC will operate.
  • The individual must be physically present during normal working hours.

How to Choose a Registered Agent?

When you file your Certification of Formation in Minnesota, you must nominate a registered agent.  You can either appoint an in-house registered agent (yourself or any LLC member) or outsource a Minnesota registered agent service. 

You can elect your registered agent online through the Minnesota Secretary of State website. 

Hiring an Inhouse Registered Agent

When hiring an in-house registered agent, make sure the individual is over 18 of age and lives in Minnesota.

Can I be my own registered agent?

Yes, you can be your own registered agent. So long as you meet the basic requirements for a registered agent, then you can take on this role for your LLC.

Outsourcing a Registered Agent

You may, instead, get professional registered agent services. Doing so ensures that you will have the best individual to represent your business. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries. 

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Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.  

What to Consider when Choosing a Registered Agent

Here are some factors to consider when choosing a registered agent.

  • Service Fee: Since most states require formal businesses to have registered agents, selecting the best-registered agent is critical. Hiring a registered agent service typically costs between $50 and $300 annually. When you consider how much time it will save you, this is a small price to pay.
  • Tenure in Business of Registered Agent: You want the registered agent to have established and time-tested procedures for handling documents that are received.
  • State Jurisdiction Limitation: If your company expands to another state, you should use the same registered agent in all states to reduce the administrative burden of dealing with multiple registered agent service providers.
  • Offer Monitoring and Follow-up Services: You want to receive up-to-date information and alerts from your registered agent as soon as possible so that you are aware of the various statutes, rules, and regulations that apply to your company.

Minnesota Business Laws and Registered Agent

Registered agents are responsible to handle all the business laws and other legal issues related to Minnesota LLC. Every state has its own business laws. Minnesota is no exception. It has its own set of different business laws to follow. Here are some of the important business laws every business should follow.

  1. Minnesota Deceptive Trade Practices Laws: The State of Minnesota aims to protect its residents from unfair business practices. Such practices mislead the consumers into investing in invaluable market products by selling them with twisted statements and lies such as false advertising. The laws specifically prohibit false advertising and odometer tampering. Any such tampering activity shall be considered as Gross misdemeanor and compensation can be awarded in form of actual damages, costs, and disbursements, attorney’s fees. The Court also has the discretion to award an amount for damages not to exceed three times active damages of $1500, whichever is greater.

    Minnesota has adopted the Uniform Deceptive Trade Practices Act. The State laws expressly prohibit the selling of goods or services below cost, misleading consumers about the quality of items, unfair cigarette sales, monopolization, and unreasonable restraint of trade by hatching conspiracy with other competing businesses. The remedies available to Plaintiff include Injunction, court costs, and attorney’s fees.
  2. Minnesota Antitrust Laws: Antitrust laws regulate and prevent anti-competitive practices in any open market by levying heavy penalties and punishment against such activities. These laws counter the formation of cartels, monopolies, or any barrier created for new entrants in the market.

    The Minnesota Antitrust Law of 1971 prohibits practices involving unreasonable restraint of trade or commerce, monopolistic behavior, discriminatory actions, quantity fixing, price-fixing, etc. The time limit to enforce such claims is 4 years. The State also allows a successful attorney to recover the attorney’s fees.

    The penalties in such cases include felonies, imprisonment up to 7 years in prison, and/or fine up to $50,000.

The Registered Agents are the people who act as points of contact between your business and the State Authorities. They assist your business in ensuring compliance with all regulations and codes of the State. Hiring a registered agent in Minnesota will help you handle your business in a smooth and legally compliant manner.

How to Remove a Registered Agent for LLC in Minnesota

When you want to sell your LLC, or change the registered office, you can change the address of your registered office and remove the registered agent. You can change the address of your LLC by submitting an amendment form to the Minnesota Secretary of State. You will need to provide the new address on the form. You may need to get a copy of the original Articles of Organization to change the information on the forms.

An LLC in Minnesota is legally required to have a registered agent in each state. While some registered agents are able to serve as a registered agent in many states, it is still possible to use one in only one state. Some businesses prefer to have the same registered agent across all states, while others simply aren’t happy with their current agent. In any event, you can remove your current registered agent.

Before you can remove your registered agent, you will have to report your change to the Secretary of State. The Secretary of State will notify you of the change. If you wish to remove your registered agent from your LLC, you can do so by filing a change of address form with the office of your business. The process of removing your registered agent from your LLC is relatively simple. If you want to remove the contact information of your current agent, you must contact the state’s secretary of state.

F.A.Qs

Do you need a registered agent for your LLC in Minnesota?

All corporations and limited liability companies doing business in Minnesota are required by state law to appoint a Minnesota registered agent. Minnesota registered agents provide a reliable way for the Secretary of State and state courts to contact a corporation or LLC.

Who qualifies to be a registered agent?

A registered agent is simply a person or entity appointed to accept service of process and official mail on your company’s behalf who lives in the state of service and is over 18.

Why should you not act as your own registered agent?

If you intend to be your own registered agent, you may be forced to use your home address (especially if you run a home-based or web-based business), making the address public.

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