To complete a basic LLC registration, you need to file the Articles of Organization with key information about your entity to the Minnesota Secretary of State. You will need a registered agent, which is a person or a company responsible for receiving legal papers and other important correspondence for your LLC. Under Minnesota Statutes Section 5.36, every business is required to have a registered office in Minnesota. You may also need to create an Operating Agreement in Minnesota that outlines how your company will be managed and set up federal and state tax accounts.
Steps to Start an LLC
If you seek to limit lawsuits and personal liability to your business, a Limited Liability Company (LLC) is the best way to do so. You can start an LLC in Minnesota by following these 5 steps:
1) Decide on a suitable name for your LLC.
2) Choose a registered agent for documents correspondence.
3) Prepare and file the Articles of Organization.
4) Make an operating agreement.
5) Get an EIN.
In this article, we will discuss how to create an LLC in Minnesota. If you haven’t been able to find a quality lawyer, ask around for recommendations: family members, friends, or even other attorneys. A simple Google search should turn up a lot of results where lawyers can refer you.
Costs and Requirements
Registering a Limited Liability Company (LLC) in Minnesota is a straightforward process that offers numerous benefits to entrepreneurs and small business owners. Your LLC name must be unique and cannot be too similar to the name of another Minnesota LLC. You can search for available names using the Secretary of State’s online database. The filing fee for starting an LLC in Minnesota is $160. You can expedite the process by paying an additional fee of $50.
How much does it cost to form an LLC in MN?
To form an LLC in Minnesota, you must file Articles of Organization with the Minnesota Secretary of State. The filing fee is $155 online or $135 by mail. You must appoint a registered agent, an individual, or service to accept legal correspondence from the government. You should create an Operating Agreement outlining management and structure.
Forming an LLC in Minnesota provides liability protection at a low cost but requires proper setup. Check if your desired company name is available. You’ll need a registered agent and should create an operating agreement. Obtain all necessary licenses and permits before opening.