Minnesota

Minnesota is currently the least stressed state in the US. This state also offers a business-friendly atmosphere and is frequently regarded as one of the best states for starting a business

Starting a Business in Minnesota

The Basics

Start Your LLC Today in Minnesota

Minnesota has proven to be a desirable location for entrepreneurs, and it was recently named as the seventh best state for doing business in the United States. Minnesota has a high standard of living in terms of infrastructure, education, and quality of life. 

Launch-A-Biz is a great platform to help you if you're thinking about starting your business in Minnesota. One of our agents can help with the process and it will be faster than going on-site, less expensive too.

How to Start a Business in Minnesota

An LLC's name must include the words "Limited Liability Company" or the abbreviation "LLC" according to Minnesota law. In Minnesota, you must submit the Articles of Organization form with the Secretary of State in order to form your LLC. The cost of filing Minnesota articles of incorporation is $155. To avoid being shut down by the state, all Minnesota LLCs must be updated every year by the end of December. 

Every calendar year, all Minnesota LLCs must file an annual renewal with the state. The filing fee is $45

Business Taxes in Minnesota

According to the Minnesota Department of Revenue, individual income taxes range from 5.35% to 9.85%

Minnesota corporations have to pay tax at a rate of 9.8%.

Minnesota Corporation

By submitting Articles of Incorporation with the Minnesota Secretary of State, your corporation is legally formed. Create a corporate records book to preserve all of your company's important documents, such as reports of director and shareholder meetings and stock certificates. Every calendar year, all corporations doing business in Minnesota must file an annual renewal with the state.

Business Taxes in Minnesota

According to the Minnesota Department of Revenue, individual income taxes range from 5.35% to 9.85%

Minnesota corporations have to pay tax at a rate of 9.8%.

Count on Launch-A-Biz for all your business needs, from the registration of a corporation or LLC in Minnesota to trademark assistance. Our agents are professional experts who can assist with start-ups and corporate filings that are required by state law! We also offer copyright services so you don't have an issue with rights to intellectual property each time it's needed - just contact us today if this has been on your list too long already.

Steps to File Your LLC EIN Application:

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