minnesota LLC

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Starting a Minnesota LLC

An annual report is required once you form a Minnesota LLC. But unlike most states, this form is free to file. Sound appealing? Learn more about how you can incorporate:
minnesota LLC
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Before you start

You'll have to provide some basic information so we can help you form your LLC in minnesota. Here's what your state needs to know:
The name of your business
Your business address
Who's forming and managing your LLC
Your industry
A short statement of purpose

Running a Minnesota LLC

Once you’ve created your Minnesota LLC, you’ll only have a few steps to complete. Here's what you'll need to do:
Step 1. Hire a Registered Agent
All Minnesota LLCs must assign and maintain a Registered Agent and office within the state at all times. Foreign qualified entities must do the same.
Step 2. Set Up an EIN
Instead of using your LLC name, an Employer Identification Number is a better way for the IRS to track your business.
Step 3. Create an LLC Operating Agreement
In Minnesota, an LLC Operating Agreement is sometimes called Bylaws. This agreement is not mandatory in this state but it’s a good way to lay out how your Minnesota LLC will run its business.
Step 4. Assemble an Organizational Meeting
It’s mandatory to hold an organizational meeting. Regular meetings of members may be held on an annual or other less frequent periodic basis.
Step 5. Send in a Statement of Information
Minnesota does not mandate you to send in a Statement of Information. Plus, there is no fee, unless you’re reinstating a previously revoked or terminated LLC.