How to incorporate in Minnesota

There are three ways to incorporate your business in almost every State: 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 Activefilings.

We can incorporate your business or form your limited liability company for a small fee, compared not only to an attorney but to our competitors.

Why ? Because we process incorporations each day, from all around the US and the World, from entrepreneurs like you that want to have the peace of mind that only Activefilings can bring them.

If you still want to take the risk and do it by yourself, please let us help you with this information that we have collected from your state. Please, feel free to review your state's information on our site. We will gladly answer any questions you may have.

Whatever method you chose, we will be glad to help.

Corporate Name Endings

The 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 "&".

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Articles of Incorporation Requirements

Director 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