How to Form an LLC in Minnesota
Everything you need to form a Limited Liability Company in Minnesota (MN). Filing fee: $155 | Processing time: 5-7 business days
Filing Fee
$155
Annual Report
$0 (no annual report fee; annual renewal required but no fee)
Processing Time
5-7 business days
Online Filing
Yes
State Income Tax
5.35% to 9.85% individual income tax; 9.8% corporate franchise tax
Steps to Form an LLC in Minnesota
1
Check LLC name availability with the Minnesota Secretary of State
2
Appoint a registered agent in Minnesota
3
File Articles of Organization with the Minnesota Secretary of State
4
Pay the $155 filing fee
5
Obtain an EIN from the IRS
6
Create an Operating Agreement
7
File the annual renewal with the Secretary of State (no fee)
Pros of Forming in Minnesota
- ✓No annual report fee for LLCs
- ✓Strong economy with many Fortune 500 companies
- ✓Highly educated workforce and excellent quality of life
Cons of Forming in Minnesota
- ✗High state income tax rates up to 9.85%
- ✗High corporate franchise tax rate of 9.8%
- ✗Higher cost of living in the Twin Cities metro
Best For
Businesses that value a skilled workforce and strong local economy and can absorb higher tax rates.
Calculate Your Minnesota LLC Costs
Get a detailed cost breakdown for forming your LLC in Minnesota, including filing fees, registered agent costs, and more.
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