Last updated July 15, 2021
Tax Registration & Requirements
How to form an LLC in Minnesota
This Quick Start Guide is a brief overview of how to form an LLC in Minnesota.
Minnesota LLC costs:
LLC formation cost: $135 by mail or $155 online (one-time fee)
Annual renewal: $0 (but report must be filed every year)
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Note: Our tax lesson is not as step-by-step as our LLC formation lessons, due to the uniqueness and variation among businesses. Taxes are usually not as straightforward as forming an LLC in Minnesota, and therefore, the information below is an overview, and not a comprehensive guide.
You will likely need to hire a tax professional to make sure you meet all your Minnesota state and local tax obligations. We recommend using Thumbtack.
Information about Minnesota taxes for LLCs
Minnesota Tax ID Number
Minnesota Economic and Employment Development: Tax ID Numbers
Register your LLC for a Minnesota Tax ID Number (and sales tax, if applicable)
Minnesota Department of Revenue: Business Registration
NAICS Code (necessary for Minnesota Tax ID Number)
NAICS Codes for LLC
Business Tax Liabilities
Minnesota Economic and Employment Development: Business Tax Liabilities
Business Income Tax Returns
Minnesota Economic and Employment Development: Business Income Tax Returns
Minnesota Small Business Assistance Office
Depending on your industry, where your business is located, how you are taxed by the IRS, and whether or not you have employees, will determine which additional taxes and forms are due.
Some examples of other taxes and forms due are:
- Sales and use tax
- Employer’s withholding tax
- Partnership and LLC tax
- Transient room tax
- Motor vehicle tax
- Consumer’s use tax
- Telecommunications tax
- Utility gross receipts license tax
- Tobacco tax
- Property tax
- Alcohol tax
- Fuel tax
- Local taxes
- And more
You can also contact the Minnesota Department of Revenue directly for more information on the different taxes your LLC might have to pay:
Minnesota Department of Revenue
Contact page (there are different phone numbers for different tax departments)
Calculating your tax obligations in Minnesota can be complicated and if done improperly can negatively impact your LLC.
Hiring a tax professional will not only help you keep your Minnesota LLC in compliance, but it will also give you an advisor to go to for other business questions.
You’ll want someone who’s a good fit for your company, makes you feel comfortable, and is willing to answer all of your questions. It should be someone you like personally as well as professionally. We recommend talking with at least 2-3 people before making your final decision.