How to Start a Business in Minnesota (Step by Step Guide)

Starting Business in MinnesotaAre you thinking about starting your own business in Minnesota? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Minnesota. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Minnesota.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in Minnesota

Agency ResponsibleMinnesota Secretary of State – Business Services
Form(s) to be filledArticles of Organization
ModeMail, in-person, or Online
Name ReservationOptional, Fee $35 (Mail) [Option to expedite]
Filing FeeBy Mail: $135, Online: $155
TimeBy Mail: 1 week, Online: Instant
LawChapter 322C – MINNESOTA REVISED UNIFORM LIMITED LIABILITY COMPANY


Summary:

  1. Search for business name availability
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Articles of Organization form
  5. Prepare an Operating Agreement
  6. Get an EIN Number (IRS Form SS-4)
  7. Obtain Tax ID number
  8. Get necessary business license and permits
  9. File Annual Report

How to Start a Corporation in Minnesota

Agency ResponsibleMinnesota Secretary of State – Business Services
Form(s) to be filledArticles of Incorporation
ModeMail, in-person, or Online
Name ReservationOptional, Fee $35 (Mail) [Option to expedite]
Filing FeeBy Mail: $135, Online: $155
TimeBy Mail: 1 week, Online: Instant
LawMN Stat ยง 304A.101 (2016)

Summary:

  1. Finalise business anme
  2. File for Business Name Reservation (Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation form
  5. Create Bylaws
  6. Apply for EIN Number
  7. Obtain Tax ID number
  8. Get necessary business license and permits
  9. File Minnesota Annual Report

References:
https://jux.law/minnesota-revised-llc-act/
https://jux.law/minnesota-business-corporation-act-a-legal-summary/

Last fact-checked on 25/07/2018

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In this article, we have described step by step instruction to reserve your business name in Minnesota. Name reservation is an optional process, but it helps in protecting the business name you have chosen from being registered by someone else. The business name can be reserved for the period of 12 months (highest amount all […]

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Minnesota Business Entity & Corporation Search

Department of Business & Liens, a subdivision of Minnesota Secretary of State holds the records of all the business entities registered in the state. Basic information about the businesses such as owner’s name, address, etc. is a matter of public information. You can access these business entity records on the Secretary of State website for […]

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