How Much Does It Cost to Start a Small Business in MN?

To start a business in Minnesota, you’ll need to pay a $155 state filing fee to submit Articles of Organization. Additional costs may include licensing, permitting, registered agent fees, legal help, office space rental, equipment, and supplies. Overall startup costs often range from $5,000-$10,000.
First, choose a business structure and name. File paperwork like Articles of Organization or a Certificate of Assumed Name with the Secretary of State. Obtain necessary licenses, permits, and zoning clearance. Get an Employer ID Number from the IRS.
Minnesota ranks high for business climate – 3rd in startup survival rate and 10th overall in early entrepreneurship. The economy is stable with good per capita income. Plus, local community support helps small businesses thrive.

To launch in Minneapolis specifically, make financial and legal plans. File company formation documents. Seek business funding if needed. Although steps vary by entity type, this general process applies whether forming a corporation, LLC, partnership, or sole proprietorship in the state.

How much does a LLC cost in MN?
- To form an LLC in Minnesota, you must file Articles of Organization with the Minnesota Secretary of State. The regular filing fee is $155 (online and $135 by mail or in-person); if you need expedited processing, it will cost an additional fee.
How long does it take to get LLC in MN?
- The Minnesota Secretary of State charges $135 to file the Articles of Organization by mail. You can file an LLC name reservation for $50 if filed by mail. Every year you will also have to file an annual renewal, which is $25 if you file it by mail.
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. An LLC setting up cost is essential for budget and expenses.
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.