How Much Does It Cost to Start an LLC in Minnesota?

Minnesota LLC Online Filing Fee: $155

The main cost tostart an LLC in Minnesotais the $155 fee to file your LLC's Articles of Organization online with the Minnesota Secretary of State.

For a look at LLC costs in every state, read our otherCost to Start an LLCandHow to Form an LLCguides.

Cost to Form a Foreign LLC in Minnesota

If you already have an LLC that is registered in another state and you’d like to expand your business into Minnesota, you’ll need to register your LLC as aforeign LLC in Minnesota.

The cost for registering aMinnesota foreign LLC is $205 online or $185 by mail. You can register a foreign LLC in Minnesota by filing aCertificate of Authority to Transact Business in Minnesota. This can also be doneby mail.

Optional LLC Formation Costs

There are optional fees associated with LLC formation:

LLC Name Reservation

Reserve your name for up to 12 months prior to LLC formation by filing aRequest for Reservation of Nameand paying the $55 filing fee online or the $35 filing fee if filingby mail.

Foreign LLC Alternate Name Registration

If a Foreign LLC’s legal name is already taken by a company in the state, it can register a new name by filing aResolution to Adopt an Alternate Nameand paying the $55 filing fee or paying the $35 filing fee if filingby mail.

Assumed Name

File aCertificate of Assumed Nameand pay the $50 online or the $30 filing feeby mailto create a name other than your legal LLC business name.

Seven Basic Steps to Start an LLC in Minnesota

Step 1:Name Your Minnesota LLC
Step 2:Choose a Registered Agent
Step 3:File the Articles of Organization
Step 4:Create an Operating Agreement
Step 5:Get an EIN
Step 6:File the Annual Report
Step 7:Keep Your Company Compliant

Step 1: Name Your Minnesota LLC

When you name your Minnesota LLC, you’ll need to choose a name that:

1. Is available for use in the state of Minnesota
2. Meets Minnesota naming requirements
3. Is available as a web domain

Recommended:Visit ourStart an LLC in Minnesotaguide for detailed naming rules and instructions for registering a business name in Minnesota.

Not sure what to name your business?Check out ourHow to Name a Businessguide and freeLLC Name Generator.

We recommend that you check online to see if your business name is available as aweb domain. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Step 2: Choose a Registered Agent

All LLCs in Minnesota must appoint a registered office. Appointing aregistered agentis optional. A registered agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for acceptingservice of processin the event your business is sued.

Your Minnesota registered agent must:

• Be at least 18 years or older
• Have a physical address in Minnesota
• Be available during normal business hours to accept service of process

Step 3: File the Articles of Organization

TheMinnesota Articles of Organizationis a document that is filed with the Minnesota Secretary of State to form an LLC. The fee for filing the Articles of Organization is $155 online.

For detailed instructions for completing the Articles of Organization, visit ourHow to File the Minnesota Articles of Organizationguide.

Step 4: Create an Operating Agreement

An operating agreement isn't required for Minnesota LLCs, but it's a good practice to have one.

What is an operating agreement?An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.

Why are operating agreements important?A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.

For more information on operating agreements, read ourMinnesota LLC operating agreementguide.

Step 5: Get an EIN

What is an EIN?AnEINor Employer Identification Number is a nine-digit number issued by theInternal Revenue System (IRS)to identify a business for tax reporting purposes.An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN?An EIN number is required for the following:

• Opening abusiness bank account
• Hiring employees

Step 6: File the Annual Renewal

Minnesota requires LLCs to file a free annual reportonlineorby mailwith the Secretary of State. An annual report in Minnesota is also referred to as an annual renewal.

Annual renewals must be submitted by December 31 each year. Failure to file on time may result in your LLC being administratively dissolved by the state.

Step 7: Keep Your Company Compliant

Keeping your Minnesota LLC compliant involves following a range of federal, state, and local laws and regulations.

From obtaining the right licenses and permits to understanding tax obligations, ensuring regulatory compliance is crucial for your LLC's continued operation and growth.

Here are the essential aspects you need to address:

• Obtain necessary business licenses and permits. These vary based on your LLC's activities.
• Keep your LLC taxes up-to-date. This might include registering for:
• Sales Tax if you sell physical goods.
• Employer Taxes if you have employees.
• 税多合作member LLCs with substantial annual payroll, property, or sales.
• 遵守明尼苏达州的所得税的义务feature four brackets from 5.35% to 9.85%.
• Report federal income tax using the appropriate form based on your LLC structure.
• When hiring employees, ensure that you:
• Verify their eligibility to work in the US.
• Report them as 'new hires' to the state.
• Provide workers' compensation insurance.
• Withhold employee taxes.
• Display compliance posters in your workspace.