Last Updated: February 16, 2024, 1:14 pm by TRUiC Team


How Much Does It Cost to Start an LLC in Minnesota?

The cost to start an LLC (limited liability company) online in Minnesota is $155. This fee is paid to the Minnesota Secretary of State when filing the LLC’s Articles of Organization.

We recommend Northwest ($29 + State Fees) to help form your LLC.

An entrepreneur counting money with the state fee in the foreground

How Much Does an LLC Cost in Minnesota?

Minnesota LLC Online Filing Fee: $155

The main cost to start an LLC in Minnesota is the $155 fee to file your LLC's Articles of Organization online with the Minnesota Secretary of State.

For a look at LLC costs in every state, read our other Cost to Start an LLC and How to Form an LLC guides.

Cost to Form a Foreign LLC in Minnesota

If you already have an LLC that is registered in another state and you’d like to expand your business into Minnesota, you’ll need to register your LLC as a foreign LLC in Minnesota.

The cost for registering a Minnesota foreign LLC is $205 online or $185 by mail. You can register a foreign LLC in Minnesota by filing a Certificate of Authority to Transact Business in Minnesota. This can also be done by mail.

Optional LLC Formation Costs

There are optional fees associated with LLC formation:

LLC Name Reservation

Reserve your name for up to 12 months prior to LLC formation by filing a Request for Reservation of Name and paying the $55 filing fee online or the $35 filing fee if filing by mail.

Foreign LLC Alternate Name Registration

If a Foreign LLC’s legal name is already taken by a company in the state, it can register a new name by filing a Resolution to Adopt an Alternate Name and paying the $55 filing fee or paying the $35 filing fee if filing by mail.

Assumed Name

File a Certificate of Assumed Name and pay the $50 online or the $30 filing fee by mail to create a name other than your legal LLC business name.

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Ready to Start Your Minnesota LLC?

Read our top LLC formation services review to choose the right service for you.

Minnesota LLC Annual Fees and Filings

When starting your own limited liability company (LLC) in the state of Minnesota, you’ll need to factor in the ongoing costs associated with maintaining an LLC. 

By taking these costs into account, you can estimate the total expenses of running an LLC in Minnesota.

  1. Annual Renewal: LLCs in Minnesota are required to file an annual report, known in the state as an annual renewal. The fee for filing the annual report is $0. 
  2. Partnership Tax: Multi-member LLCs may be subject to the annual MMLLC Partnership Tax, which varies based on the sum of Minnesota property, payroll, and sales. The minimum fee increases in tiers and can amount to $210+ if the sum is below $1,020,000.
  3. Assumed Name Annual Renewal: If you choose to have an assumed name in the state of Minnesota, you will need to renew it annually. There is no fee if you file on time, but there is a $25–$45 reinstatement fee for late filings depending on your filing method.
  4. Registered Agent Fee: Minnesota requires every LLC to maintain a registered agent in the state. Should you use a professional or a third-party service provider, you should plan to pay roughly $100–$200 annually.

How to Register a Minnesota LLC Yourself

You can start your own Minnesota LLC in seven easy steps. We’ve outlined the process below:

Recommended: Using an LLC formation service like Northwest ($29 + State Fees) saves time and ensures compliance. Besides the low cost, we like their streamlined approach and excellent customer service.

Seven Basic Steps to Start an LLC in Minnesota

Step 1: Name Your Minnesota LLC
Step 2: Choose a Registered Agent
Step 3: File the Articles of Organization
Step 4: Create an Operating Agreement
Step 5: Get an EIN
Step 6: File the Annual Report
Step 7: Keep Your Company Compliant

Step 1: Name Your Minnesota LLC

When you name your Minnesota LLC, you’ll need to choose a name that:

  1. Is available for use in the state of Minnesota
  2. Meets Minnesota naming requirements
  3. Is available as a web domain

Recommended: Visit our Start an LLC in Minnesota guide for detailed naming rules and instructions for registering a business name in Minnesota.

Not sure what to name your business? Check out our How to Name a Business guide and free LLC Name Generator.

We recommend that you check online to see if your business name is available as a web domain. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Find a Domain Now

Step 2: Choose a Registered Agent

All LLCs in Minnesota must appoint a registered office. Appointing a registered agent is optional. A registered agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for accepting service of process in the event your business is sued.

Your Minnesota registered agent must:

  • Be at least 18 years or older
  • Have a physical address in Minnesota
  • Be available during normal business hours to accept service of process

Get Free Registered Agent Services

Form an LLC with Northwest Registered Agent to get one year of registered agent services free of charge.

Step 3: File the Articles of Organization

The Minnesota Articles of Organization is a document that is filed with the Minnesota Secretary of State to form an LLC. The fee for filing the Articles of Organization is $155 online.

For detailed instructions for completing the Articles of Organization, visit our How to File the Minnesota Articles of Organization guide.

File the Minnesota Articles of Organization

OPTION 1: File Online With the Minnesota Secretary of State

File Online

- OR -

OPTION 2: File the Articles of Organization by Mail or in Person

Download Form

State Filing Cost: $155 online and in person, $135 by mail, payable to the Secretary of State

Mailing Address:
Minnesota Secretary of State — Business Services
Retirement Systems of Minnesota Building
60 Empire Drive, Suite 100
St Paul, MN 55103

Step 4: Create an Operating Agreement

An operating agreement isn't required for Minnesota LLCs, but it's a good practice to have one.

What is an operating agreement? An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.

Why are operating agreements important? A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.

For more information on operating agreements, read our Minnesota LLC operating agreement guide.

Step 5: Get an EIN

What is an EIN? An EIN or Employer Identification Number is a nine-digit number issued by the Internal Revenue System (IRS) to identify a business for tax reporting purposes. An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN? An EIN number is required for the following:

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Free EIN: You can get an EIN from the IRS website (free of charge) after forming your business.

Step 6: File the Annual Renewal

Minnesota requires LLCs to file a free annual report online or by mail with the Secretary of State. An annual report in Minnesota is also referred to as an annual renewal.

Annual renewals must be submitted by December 31 each year. Failure to file on time may result in your LLC being administratively dissolved by the state.

Step 7: Keep Your Company Compliant

Keeping your Minnesota LLC compliant involves following a range of federal, state, and local laws and regulations. 

From obtaining the right licenses and permits to understanding tax obligations, ensuring regulatory compliance is crucial for your LLC's continued operation and growth. 

Here are the essential aspects you need to address:

  • Obtain necessary business licenses and permits. These vary based on your LLC's activities.
  • Keep your LLC taxes up-to-date. This might include registering for:
    • Sales Tax if you sell physical goods.
    • Employer Taxes if you have employees.
    • Partnership Tax for multi-member LLCs with substantial annual payroll, property, or sales.
  • Abide by Minnesota's income tax obligations, which feature four brackets from 5.35% to 9.85%.
  • Report federal income tax using the appropriate form based on your LLC structure.
  • When hiring employees, ensure that you:
    • Verify their eligibility to work in the US.
    • Report them as 'new hires' to the state.
    • Provide workers' compensation insurance.
    • Withhold employee taxes.
    • Display compliance posters in your workspace.
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Steps After LLC Formation

Read all the steps you’ll need to maintain your LLC’s personal liability protection, open a business bank account, get business insurance, and stay up to date with state reporting requirements.

Visit our After Forming an LLC guide to learn more.

Minnesota LLC Cost FAQ

The primary cost associated with forming an LLC in Minnesota is the filing fee for the Articles of Organization. This cost is $155 if you file online or in person and $135 if you file by mail. These fees are paid to the Secretary of State.

You can submit the Articles of Organization for your LLC in Minnesota online, by mail, or in person. These, along with the corresponding filing fee, should be submitted to the Secretary of State.

In Minnesota, your LLC must appoint a registered agent. This individual or business entity agrees to receive legal documents on behalf of your LLC. 

The good news is that in Minnesota, your registered agent doesn't need to officially sign any consent form; that being said, you should still receive consent.

If you need to change your registered agent in Minnesota, the process is straightforward. Simply complete a Notice of Change form and submit it along with the $35–$55 filing fee. Unlike in some states, the new registered agent is not required to provide any official consent in Minnesota.

In Minnesota, an LLC can operate under a different name from its legal name. This is referred to as an “assumed name.” However, this is not a required filing.

LLCs in Minnesota are required to file an annual renewal, but the good news is there is no fee associated with this filing. This report keeps the state informed about your business's contact and ownership information.

In Minnesota, multi-member LLCs must also file an annual MMLLC Partnership Tax return. The minimum fee for this tax is $210 and applies if the sum of Minnesota property, payroll, and sales is below $1,020,000. However, this minimum fee increases in tiers based on the mentioned total.

Before you file your Articles of Organization, you should ensure that your chosen LLC name is not already in use. This can be done by using the Business Entity Search on the Secretary of State's website.

LLC formation services can be a great help when establishing an LLC in Minnesota. These services can handle all the paperwork and filing on your behalf, ensuring all the procedures are correctly followed. This saves you time and reduces the chances of errors that could delay the formation of your LLC. Many LLC formation services also offer additional features like Registered Agent services, compliance reminders, and business advice.

In Minnesota, a Certificate of Good Standing is a document that the Secretary of State issues to confirm that your LLC is legally registered and has fulfilled all state requirements. This document can be useful when applying for business loans, signing lease agreements, or conducting other business operations.

Article Sources

Minnesota Department of Revenue:
https://www.revenue.state.mn.us

IRS - Employer ID Numbers:
https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers

Minnesota Secretary of State:
https://www.sos.state.mn.us

SBA - Apply for licenses and permits:
https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits

Chamber of Commerce - Minnesota Chamber of Commerce List:
http://www.officialusa.com/stateguides/chambers/Minnesota.html