Business Formation / LLC Minnesota

How Much Does It Cost to Start an LLC in Minnesota?

📝 LLC Formation Costs in Minnesota

• Articles of Organization Filing Fee: $135 by mail; $155 online or in person
  This one-time fee is required to officially register your LLC with the Minnesota Secretary of State. 

• Annual Renewal Fee: $0
  LLCs must file an annual renewal each year by December 31st, but there is no fee if filed on time. 

• Name Reservation (Optional): $35 by mail; $55 online or in person
  If you wish to reserve your desired business name before filing, you can do so for up to 12 months. 

• Assumed Name (DBA) Registration (Optional): $30 by mail; $50 online or in person
  If you plan to operate under a different name than your LLC's legal name, you'll need to file for an assumed name. 

• Registered Agent Service (Optional): $0–$300/year
  You can act as your own registered agent at no cost, or hire a service for privacy and convenience. 

• Operating Agreement (Optional): $0–$500
  While not required, drafting an operating agreement is recommended to outline the management structure and operating procedures of your LLC.

• Employer Identification Number (EIN): $0
  Obtaining an EIN from the IRS is free and necessary for tax purposes.

🏢 Other Business Entity Formation Costs

• Business Corporation (Domestic): $135 by mail; $155 online or in person
  Filing Articles of Incorporation to form a corporation in Minnesota

• Nonprofit Corporation: $70 by mail; $90 online or in person
  Filing Articles of Incorporation to form a nonprofit organization.

• Limited Partnership (LP): $100 by mail; $120 online or in person
  Filing a Certificate of Limited Partnership.

• Limited Liability Partnership (LLP): $100 by mail; $120 online or in person
  Filing a Statement of Qualification.

📌 Additional Considerations

• Business Licenses and Permits: Costs vary depending on your business type and location. Check with local city or county governments for specific requirements.

• State Taxes: Minnesota LLCs are generally pass-through entities for tax purposes, but you may be subject to state income tax, sales tax, or other taxes depending on your business activities.

• Federal EIN: Obtaining an Employer Identification Number (EIN) from the IRS is free and necessary for tax purposes.

🛑 What additional costs am I responsible for?

In addition to our fee, you will be potentially responsible for the costs of some or all of the items below if applicable.

1. Licenses 
   
2. Filing Fees
3. Reports
4. Name Reservations
5. Articles of Organization