Minnesota LLC Requirements

Each state has different requirements for forming a limited liability company (LLC). Whether you are starting a business or incorporating a business already in existence, you'll want to understand the state requirements for LLC formation.

Cost to form a Minnesota LLC

At BizFilings, we clearly outline our fees and the Minnesota state fees. When you view our pricing to form an LLC you plainly see:

• BizFilings’ package prices. BizFilings offers three incorporation service packages from which you can choose.
• State fee for standard turn-around. Our pricing clearly shows the state fee to incorporate in Minnesota with standard turn-around.
• Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
• Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Organization.

LLC Name

The LLC name must end with "Limited Liability Company," "LLC" or "L.L.C." The name must not be deceptively similar to the name 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) the other business is about to change its name, cease business, dissolve or withdraw, and (2) written consent from that business is obtained.

Member/Manager information

The following are Minnesota’s requirements for the members/managers of LLCs:

• Minimum number. LLCs must have one or more members/managers.
• Residence requirements. Minnesota does not have a provision specifying where members/managers must reside.
• Age requirements. Members/managers must be at least 18 years old.
• Inclusion in the Articles of Organization. Member/Manager names and addresses are not required to be listed in the Articles of Organization.

Requirements for the Articles of Organization

The document required to form an LLC in Minnesota is called the Articles of Organization. The information required in the formation document varies by state. Minnesota's requirements include:

• Registered agent. LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in Minnesota. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.

Professional services businesses

Minnesota allows professionals, such as accountants, attorneys and physicians to form a professional limited liability companies (PLLCs)..

After forming a limited liability company (LLC) , you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability an LLC provides its owner(s). This guide outlines the ongoing requirements for Alabama LLCs.

LLC taxes and fees

The following are taxation requirements and ongoing fees for Minnesota LLCs:

• Annual report. Minnesota requires LLCs to file an annual report, which is due December 31. There is no filing fee for the LLC annual report.
• Taxes. For complete details on state taxes for Minnesota LLCs, visit Business Owner's Toolkit or the State of Minnesota .
• Federal tax identification number (EIN). An EIN is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
• State tax identification number. Minnesota does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

Additional Minnesota information

View the following additional resources BizFilings has for forming and maintaining companies in Minnesota:

• Minnesota Corporation Formation