Cost of Starting a Corporation in Minnesota
To start a corporation in Minnesota, you must file articles of incorporation with the Secretary of State and pay a fee. Filing fees to register a corporation in Minnesota are $155 as of 2021.
Cost of Starting an LLC in Minnesota
The Minnesota Secretary of State charges $135 to file the Articles of Organization by mail and $155 to file online or in-person for an LLC. You can file an LLC name reservation for $50 if filed by mail and $55 if filed online or in-person.
An Operating Agreement is useful to have if disputes arise within the LLC or just to outline the rules. In Minnesota, an Operating Agreement is not required for the creation of an LLC.
Later you also need an Employer Identification Number (EIN) from the IRS for free. While getting an EIN yourself, there are costs associated with the paperwork you need to file.
The cost to start an LLC can vary depending on filing fees ranging from $40 to over $500 per state excluding additional expenses such as registered agent fees or legal help.