Minnesota Debt Management Licensing Requirements

Minnesota Debt Management license

Requirements for

Minnesota Debt Management

Licenses

Minnesota Requires Debt Management companies to be Licensed

Minnesota Debt Management licensing: Minnesota requires companies to be licensed as a Debt Management company. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.

Certificate of Authority

With certain limited exceptions, a Minnesota Certificate of Authority is required if a company does business in Minnesota regardless of where the company is located.

A certificate of authority (also known as a certificate of registration) is a document that the State of Minnesota requires companies not incorporated in Minnesota to obtain before “transacting business” within the state borders of Minnesota.

License Fees

The filing fee for getting licensed as a Debt Management company in Minnesota is: $1,000.

The filing fee for a foreign limited liability company to register a Minnesota Certificate of Authority is $205.

The filing fee for a foreign corporation to register a Minnesota Certificate of Authority is $225.

Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.

Want to verify if an existing company is licensed in Minnesota as a Debt Management company? Click here.