Starting a Minnesota LLC
A Minnesota Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.
An LLC can be used to operate a business, or an LLC can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
File your Minnesota Articles of Organization with the Minnesota Secretary of State and wait for your LLC to be approved.
You can file your LLC by mail or you can file it online. If you file by mail, the fee is $135 and the approval time is 4-7 business days. If you file online, the fee is $155 and the approval time is immediate.
Note: Filing times may take longer due to the current global situation and government delays. Please see how long does it take to get an LLC in Minnesota.
Check out LLC Cost in Minnesota for more info about the fees you’ll pay.
In order to keep your Minnesota LLC in compliance, you need to file a Minnesota LLC Annual Renewal each year. The Annual Renewal fee is $0 (it’s free to file). And you’ll ned to make sure your company files any Minnesota LLC Taxes each year as well.