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How to incorporate in Minnesota (MN)There are three ways to incorporate your business in Minessota: hire a lawyer to do the job for you (a very expensive option), walk in to the State Department office and do it by yourself or to use a professional incorporation company, like Active Filings. Whatever method you chose, this section will provide you the basic information you need to know about MN filings. MN Corporate Name EndingsThe name shall not be deceptively similar to name of any other domestic corporation, limited partnership, limited liability partnership, or limited liability company or of any foreign corporation, limited partnership, limited liability partnership, or limited liability company authorized to do business in state unless: (1) such other corporation is about to change its name, cease business, dissolve or withdraw, and (2) written consent therefrom is obtained. The name shall contain the word "corporation," "incorporated," or "limited," or the abbreviation of one or more of these words or shall contain the word "company" or the abbreviation "Co.," if that word or abbreviation is not immediately preceded by word "and" or character "&". Minessota Articles of Incorporation RequirementsDirector Information * Minimum Number - One or more. * Residence Requirements. - No provision. * Age Requirements - None. * Directors are not required to be listed in the articles of incorporation. Officer Information * The officers are not required to be listed in the articles of incorporation. Stock Information * An increase in shares or par value does not effect initial fees. Yearly Requirements* Annual Statements * The minimum annual license fee is $40. The corporation must pay the annual license fee by May 15 of each year. Income Tax Rate* Income tax rate is 9.8% of taxable income. For more information on taxes, visit www.taxes.state.mn.us How Active Filings can help you with your MN Filings ?
We also provide Registered Agent services to Foreign (out of state), and local companies as well as Foreign Qualifications (companies from other states setting a branch in Minessota). Starting Your Business in Minessota:Email this Page |
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ActiveFilings LLC is a document filing service and cannot provide you with legal, tax or financial advice. The information on our website, www.activefilings.com is designed to provide general information related to the business formation in the USA. It is presented with the understanding that ActiveFilings LLC is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. |
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