Incorporate your business in Minnesota;
Our Incorporation information is to help you with the small
business startup process. The Minnesota Incorporation info can
help answer questions like "How do I form an LLC in Minnesota?"
or "What type of Incorporation entity should I be? An Minnesota
S-Corporation or an Minnesota C-Corporation?" or "What are the
requirements for an Minnesota Corporation?" It's easy to set up
an Minnesota Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name shall not be deceptively similar
to the names 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) such other corporation
is about to change its name, cease business, dissolve, or withdraw,
and (2) written consent therefrom is obtained. The name shall
contain the word "Corporation," "Incorporated," "Limited," or
the abbreviation thereof, or shall contain the word "Company"
or the abbreviation "Co.," only if it is not immediately preceded
by the word "and" or the character "&.".
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The minutes of shareholders' and directors' meetings
for the last three years must be kept at the registered
office. Bylaws, articles of incorporation, and all amendments
to these documents, as well as the statement of names
and addresses of its principal officers also must be
kept at this office.
Tax and Fees
Annual Statements
An annual registration form must be filed with the
Secretary of State by December 31st. There is no filing
fee for domestic corporations that file on a timely
basis with no amendments. The filing fee for foreign
corporations is $115.
Income Tax Rate
The income tax rate is 9.8% of taxable income.
S Corporation
S Corporation status is recognized by the State of
Minnesota. A separate state election from the federal
election is not required; however, Minnesota does assess
a minimum fee on S-Corporations based upon certain factors.
The minimum fee ranges from $0 to $5,000.
License Requirements
Minnesota requires you obtain a license and pay a
fee if operating certain types of businesses in the
state. The following is a partial list:
Collection agencies
Driver training schools
Dry cleaning
Employment agencies
Entertainment agencies
Food handlers
Insurance agent
Real estate appraisers
Vending machines operators
Please check with the state to make sure your business
is complying with the license requirements for your
particular professionon.
