Located in the north-central part of the U.S. near the Great Lakes (and boasting over 10,000 lakes of its own), Minnesota is a beautiful part of the world. Minnesotans enjoy a high standard of living and are very civically-minded.
The state is one of the best educated and wealthiest in the country, and it's an ideal starting place for any entrepreneur. If you want to start your own business in Minnesota, one of the best ways to do so is by forming an LLC.
Minnesota Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Forming an LLC is fast, easy and inexpensive. LLCs offer many of the protections and advantages of large corporations without all the rules, regulations and compliance issues common to larger business entities.
Let’s start by looking at the advantages of forming a Minnesota LLC.
Advantages of Forming an LLC in Minnesota
Minnesota LLCs have several benefits for business owners.
Start your Minnesota LLC in Six Steps
STEP 1: Name Your Minnesota LLC
STEP 2: Provide the Address for Your New Minnesota LLC
A Minnesota LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Minnesota. It can also be a P.O. Box.
STEP 3: Assign a Registered Agent for Your Minnesota LLC
Every Minnesota LLC must have a “Registered Agent.” That could be you, the managing director, owner or a dedicated Registered Agent service. The Registered Agent in Minnesota is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Minnesota Secretary of State.
At Incfile, all of our packages include a Registered Agent service, which is free for the first year and just $119 per year thereafter. We also have a dashboard where you can log in and easily view any document your Registered Agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as your Registered Agent service:
STEP 4: You Should Provide Names and Addresses of the Organizer
Your Minnesota LLC organizer is the person who is creating the business. Minnesota requires you to list the names and addresses of all organizers when you register the Minnesota LLC.
STEP 5: You Need to File Articles of Organization With the Minnesota Secretary of State
Once you've gathered all the information together for your LLC, you’ll need to file a formal document with the Minnesota Secretary of State to create your LLC. This document is known as your Articles of Organization, and filing it starts the process of creating your Minnesota LLC. You can do this online, mail in a form, or have Incfile do it on your behalf.
STEP 6: You Can Create a Minnesota LLC Operating Agreement
Minnesota LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, the rights and duties of members and several other key areas. Learn how to create your Operating Agreement here.
If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.
You can find lots more useful information on how to form an LLC here. It answers questions like:
Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Articles of Organization. Our basic package also provides free Registered Agent service for the first year. If you're looking for help starting an LLC, our comprehensive services provide outstanding value.
|State Fee||State Filing Time||Expedited Filing Time|
|$155||5 Business Days||1 Business Day|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date: December 31st
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+ $155 (state fee)
Prepare & File Articles Of Organization
FREE Registered Agent for !st Year
Lifetime Customer Support
+ $155 (state fee)
EIN / Tax ID Number
Personalized Operating Agreement
Customized LLC Kit
+ $155 (state fee)
Launch Your Business Only $49 + State Fee.
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