Minnesota Regulations § 8275.0030 WORKING CAPITAL

A certification authority's working capital is sufficient for licensing or renewal purposes if, at the time application for licensure or renewal is made, its current assets minus current liabilities exceeds $50,000.

The existence of working capital must be demonstrated through an audited financial statement authenticated by a licensed certified public accountant and dated no more than 60 days before the date it is received by the secretary.

A federal, state, or city governmental entity is considered to have sufficient working capital without providing any documentation.