The cost to file Articles of Organization for a Minnesota LLC is $135 by mail or $155 online. You can reserve a business name for $50-$55. While lawyers can help set up an LLC, you can also do it yourself. An Operating Agreement outlines LLC rules but isn’t required in Minnesota. Later, you’ll need an Employer ID Number (EIN) from the IRS to handle taxes. Annual renewals cost $25 by mail or $45 online.
Overall LLC setup costs vary by state fees from $40 to over $500, excluding other expenses like registered agent services or legal help.
Initial steps to make a Minnesota LLC include:
- Deciding on a name
- Choosing a registered agent
- Preparing and filing Articles of Organization
- Making an Operating Agreement
- Getting an EIN
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. Your LLC must have a registered agent authorized to accept legal documents from the state government. Under Minnesota Statutes Section 5.36, every business is required to have a registered office in Minnesota.
If you want to limit lawsuits and liability, an LLC is the way. You can start one in Minnesota by:
- Deciding on a name
- Choosing a registered agent
- Preparing and filing the Articles of Organization
- Making an operating agreement
- Getting an EIN
In this article, we discuss creating an LLC in Minnesota. Ask around for lawyer recommendations from family, friends, or other attorneys if needed.