Assumed Names filed before September 6, 2011, have a 10-year term and will not need to be renewed until l six months prior to the expiration on date. At the end of the 10 years, filing an annual renewal will change the duration on of the assumed name from a 10-year term to perpetual. From then on, an annual renewal must be filed each calendar year, as is the case for other business types; failure to file a renewal will result in expiration on of the business. Any assumed name that expires as a result of failing to file the annual renewal may be reinstated by filing the annual renewal with the reinstatement fee, effective August 1, 2013.
This office will no longer mail the required paperwork to assumed name-holders at the end of the 10-year period.
See more at http://www.sos.state.mn.us/index.aspx?page=180
News Laws Governing Business Filings Effective August 1
Laws 2013, Chapter 110 passed the Legislature without opposition, was signed into law by Governor Dayton and is effective August 1. This bill provides many technical improvements in the laws governing business filings in Minnesota.