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Incorporate in Minnesota (MN)
Learn the basic facts about Minnesota corporations and Minnesota limited liability companies (LLCs). Compare the differences between Minnesota corporations and Minnesota LLCs and learn about Minnesota rules and regulations that relate to forming a corporation or LLC.
Forming a Minnesota Corporation or Limited Liability Company (LLC)
There are a number of business entity types to consider when you are deciding the structure of your Minnesota business. The most advantageous entities to form in Minnesota are typically corporations or LLCs. Although other entity options are possible, these are the entities that offer the highest level of liability protection in Minnesota. As you review the characteristics of incorporating or forming an LLC in Minnesota, be sure to keep in mind both the present and future needs of your business. Often, when you start a business it begins as a small organization.
Get Started
If you decide that a Minnesota corporation or LLC is the best option for your business, BizFilings will form your company in Minnesota, faster than anyone else, without costly legal fees. Our cost-saving offerings include:
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$115 + State Fees |
$250 + State Fees |
$350 + State Fees |
- Preparation and Filing of Formation Documents
- Preliminary Name Check with State
- Free Registered Agent Service for 6 months
- BizComply Online Compliance Tool
- 24/7 Access to Online Corporate Status Center
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- Everything included with the Basic Package
- Expedited Processing Service
- Corporate Kit & Seal
- Corporate Forms CD
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- Everything included with the Standard Package
- Tax ID (EIN) Number Obtainment
- Compliance DVD
- Certified Copy of State Filed Documents
- Overnight Shipping
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State Fees Apply
Each state charges filing fees that apply separately from BizFilings' package pricing. These fees will be reflected when you generate a Fast Quote using any of the links above. You can also view our list of fees by state.
Incorporating in Minnesota
Minnesota Corporate Name Endings
Minnesota Corporation Requirements
Minnesota Corporate Taxes and Fees
Minnesota Business License Requirements
Minnesota Corporate Name Endings
The name shall not be deceptively similar to the names of any other domestic corporation, limited partnership, limited liability partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability partnership, or foreign limited liability company authorized to do business in the state, unless: (1) such other corporation is about to change its name, cease business, dissolve, or withdraw, and (2) written consent therefrom is obtained. The name shall contain the word "Corporation," "Incorporated," "Limited," or the abbreviation thereof, or shall contain the word "Company" or the abbreviation "Co.," only if it is not immediately preceded by the word "and" or the character "&."
Minnesota Corporation Requirements
Director Information
Minimum Number: One or more. Residence Requirements: No provision. Age Requirements: None. Directors are not required to be listed in the articles of incorporation.
Officer Information
Officers are not required to be listed in the articles of incorporation.
Stock Information
An increase in shares or par value does not affect initial filing fees.
Corporate Records
The minutes of shareholders' and directors' meetings for the last three years must be kept at the registered office. Bylaws, articles of incorporation, and all amendments to these documents, as well as the statement of names and addresses of its principal officers also must be kept at this office.
Taxes and Fees
Annual Statements
The requirements for annual statements, reports and fees vary by state. BizFilings created BizComply - an online compliance management tool that provides customers with helpful information about requirements imposed by their state of formation or, if applicable, their state of foreign qualification. BizComply is included at no charge when you select BizFilings as your registered agent when ordering one of our formation services. It is also included in registered agent only or change of agent services, or it can be purchased as a stand-alone product for $50/year.
Taxes
For more information on taxes, visit www.taxes.state.mn.us.
S Corporation
S Corporation status is recognized by the State of Minnesota. A separate state election from the federal election is not required; however, Minnesota does assess a minimum fee on S-Corporations based upon certain factors. The minimum fee ranges from $0 to $5,000.
License Requirements
Minnesota requires you obtain a license and pay a fee if operating certain types of businesses in the state. The following is a partial list: Collection agencies Driver training schools Dry cleaning Employment agencies Entertainment agencies Food handlers Insurance agent Real estate appraisers Vending machines operators Please check with the state to make sure your business is complying with the license requirements for your particular profession.
Form a Limited Liability Company (LLC) in Minnesota
Minnesota LLC Name Endings
Minnesota LLC Requirements
Minnesota LLC Taxes and Fees
Minnesota Business License Requirements
LLC Name Endings
The name of an LLC must end with "Limited Liability Company," "LLC," or "L.L.C."
Minnesota LLC Requirements
Member/Manager Information
Minimum Number: one or more Residence Requirements: no provision Age Requirements: no provision Members/Managers are not required to be listed in the articles of organization
Minnesota Taxes and Fees
Annual Statements
The requirements for annual statements, reports and fees vary by state. BizFilings created BizComply - an online compliance management tool that provides customers with helpful information about requirements imposed by their state of formation or, if applicable, their state of foreign qualification. BizComply is included at no charge when you select BizFilings as your registered agent when ordering one of our formation services. It is also included in registered agent only or change of agent services, or it can be purchased as a stand-alone product for $50/year.
Taxes
For more information on taxes, visit www.taxes.state.mn.us.
License Requirements
Minnesota requires most businesses to obtain a license and pay a fee if operating in the state. Please check with the state to make sure your business is complying with the license requirements for your particular profession.
Registered Agents in Minnesota
Minnesota corporations and LLCs are required to have a registered agent located in Minnesota. The Minnesota registered agent is responsible for receiving important legal and tax documents including service of process (litigation) documents, franchise tax forms, and annual report forms.
A Minnesota registered agent is an individual or company located at a street address in Minnesota. Post office boxes are not acceptable addresses for a registered agent in Minnesota.
If a company, such as BizFilings, is acting as your registered agent they must be registered as a corporation in Minnesota. There are a number of advantages to using a registered agent service provider in Minnesota, but the advantages differ between large and small companies.
Large companies in Minnesota benefit by having service of process and state documents send to their registered agent's office in Minnesota. The registered agent follows delivery instructions to ensure that important documents reach the correct individual. Smaller companies in Minnesota benefit by providing a consistent Minnesota address.
Another advantage to using another company as your Minnesota registered agent is that the information of your Minnesota registered agent is public record.
Learn how to select BizFilings as your registered agent in Minnesota.
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