LLC Cost in Minnesota
Last Updated: By TRUiC Team
Minnesota LLCs are relatively inexpensive — especially when you consider that an LLC can protect your personal assets and help grow your business. That’s why forming an LLC is the best choice for most small businesses.
The cost to form an LLC in Minnesota starts at $135. This covers the primary cost of officially registering your LLC with the state.
Read our LLC Cost in Minnesota guide below to learn more about LLC costs and other fees associated with all Minnesota businesses.
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Northwest ($29 plus state fees)
How Much Is an LLC in Minnesota?
Minnesota LLC Filing Fee: $135+
To form an LLC in Minnesota, you'll need to file the Articles of Organization with the Secretary of State. The Minnesota Secretary of State charges a $155 fee to process and record this document online or in person and $135 to submit it by mail.
You can complete this process yourself with our How to Start an LLC guide or use an LLC formation service.
Registered Agent Fee
Every Minnesota LLC must appoint a registered agent. Your Minnesota registered agent must be a resident of Minnesota and must be available to receive service of process during normal business hours at a designated street address.
You can be your own registered agent in Minnesota, or you can use a registered agent service for a minimal cost.
Recommended: Get free registered agent services for one year when you form an LLC with Northwest ($29 plus state fees).
Minnesota Annual Renewal Fee: $0
Minnesota requires LLCs to file an annual renewal with the Secretary of State each year. There is no filing fee.
The deadline for filing this report is December 31 each year. There is no penalty for filing late; however, your LLC could be dissolved for failure to file.
Minnesota Partnership Tax: Varies
If your Minnesota LLC is taxed as a partnership and has more than $1.05 million in state property, payroll, and sales for the year, you must pay a minimum fee when you file your Partnership Return (Form M3). This fee increases in tiers.
Cost to Form a Foreign LLC in Minnesota: $185+
LLCs registered in another state that want to expand into the state of Minnesota must register as a foreign LLC in Minnesota.
The cost for registering a Minnesota foreign LLC is $205 online or in person and $185 by mail. You can register a foreign LLC in Minnesota by filing a Certificate of Authority to Transact Business in Minnesota.
Business Licenses and Permits
Your business might need federal, state, and local permits/licenses to legally operate in Minnesota, depending on your industry and geographical location. This is true whether you form an LLC or any other type of business structure.
Learn more about state and local licensing in our Minnesota business license guide.
Other Minnesota Business Filing Fees
There are fees associated with other, optional business filings in Minnesota.
‘Doing Business As’ (DBA) Name
When an LLC is registered with the state, the LLC’s name is also officially registered. Some business owners choose to also file for a DBA name, known as an assumed name in Minnesota.
You can file an Assumed Name Certificate with the Minnesota Secretary of State and pay the $50 filing fee ($30 by mail) to create a name other than your legal LLC business name.
Learn more in our Minnesota DBA guide.
Certified Document Copies
You can get certified copies of your Minnesota business documents by ordering through the Secretary of State and paying $3 for a copy of the original filing and an additional $5 per certification. Note, that there’s an additional $10 fee if ordering online.
Certificate of Good Standing
You can obtain a Minnesota Certificate of Good Standing by ordering through the Secretary of State and paying the $15 fee ($5 by mail).
A Certificate of Good Standing is often required by banks and lenders.
How to Start an LLC in Minnesota
Forming an LLC yourself is easy; just follow the five steps below.
Five Basic Steps to Start an LLC in Minnesota
Step 1: Name Your Minnesota LLC
Step 2: Choose a Registered Agent
Step 3: File Articles of Organization
Step 4: Create an Operating Agreement
Step 5: Get an EIN
Step 1: Name Your Minnesota LLC
When you name your Minnesota LLC, you’ll need to choose a name that:
- Is available for use in the state of Minnesota
- Meets Minnesota naming requirements
- Is available as a web domain
Check web domain (URL) availability with GoDaddy:
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Not sure what to name your business? Check out our free LLC name generator.
Step 2: Choose a Registered Agent
Minnesota LLCs are required to appoint a registered agent to receive service of process. Business owners can hire a registered agent service or appoint any Minnesota resident that is 18 years or older and is available during normal business hours at a specified address to receive service of process.
Recommended: Northwest offers one full year of registered agent services with their $29 (plus state fees) LLC formation package.
Step 3: File a Minnesota Articles of Organization
To form an LLC in Minnesota, you must file the Articles of Organization with the Secretary of State. This can be done online or by filing by mail or in person.
For a closer look at the filing process, check out our Minnesota Articles of Organization guide.
Step 4: Create an LLC Operating Agreement
Operating agreements are not required for Minnesota LLCs, but it’s a good practice to have one.
An operating agreement outlines the ownership and operating procedures of an LLC, ensuring that all members are on the same page and reducing the risk of conflict down the line.
Learn more in our Minnesota LLC Operating Agreement guide.
Step 5: Get an EIN
An Employer Identification Number (EIN) is a nine-digit number issued by the IRS to identify businesses for tax purposes. Think of an EIN as a Social Security number for your LLC.
To learn how to get an EIN for free, visit our How to Get an EIN Number guide.
LLC Cost in Minnesota FAQ
What is the cheapest way to start an LLC in Minnesota?
The cheapest way to start an LLC in Minnesota is to handle the registration process individually. In order to do this, you will need to follow these steps:
- Name your LLC
- Choose a registered agent: This can be a registered agent service or an individual.
- File the Minnesota Articles of Organization: The filing fee for this starts at $135 and can be done online, by mail, or in person.
- Create an LLC operating agreement: This is usually not a legal requirement, but it is highly recommended.
- Get an EIN: This is basically your business’s Social Security number (SSN).
How much does an LLC cost per year in Minnesota?
There are no annual report fees in Minnesota. Having said that, LLCs taxed as partnerships may need to pay a minimum fee when filing their state partnership return.
For a more in-depth analysis, see our How Much Does an LLC Cost? article.
How much does an LLC license cost in Minnesota?
An LLC is not a business license, but a business entity. Forming an LLC in Minnesota starts at $135. There are no annual report fees.
You may be required to pay additional fees if you choose to pay for a registered agent service, an LLC formation service, or an LLC attorney.
Depending on the financial status of your multi-member LLC, you may also be required to pay a minimum fee when filing your state partnership return.
See our How to Start an LLC in Minnesota for more information on registering your business as an LLC.
Do LLCs pay taxes in Minnesota?
Yes, LLCs are a “pass-through” tax entity. This means that the LLCs profits are “passed through” directly to its owner(s), who then pay income taxes independently.
This is advantageous compared to a corporation’s tax structure because it means that LLC members are not taxed twice.
Having said that, readers should keep in mind that LLCs are very flexible when it comes to how they can be taxed, and — depending on the specifics — they can choose to be taxed as a pass-through entity, a C corp, and an S corp.
For more information, see our How Is an LLC Taxed guide.
What are the tax benefits of an LLC?
The tax benefits of an LLC will depend on how you choose to be taxed, as well as on whether you are operating as a single or multi-member LLC.
Generally speaking, LLCs can choose to be taxed in several different ways, including:
- As a sole proprietorship or general partnership
- As a C corporation
- As an S corporation
See our Single-Member LLC Taxes guide for a detailed overview of the tax benefits of having an LLC as a small business.
Do I need to open a business bank account for my LLC?
Even though you do not necessarily “need” to open a bank account for your LLC, this is generally highly recommended for several reasons.
For one, having a separate bank account can allow you to maintain your LLC’s corporate veil — meaning that you will not risk losing your limited personal liability under the law. A business bank account also offers financial benefits, including the ability to build business credit more quickly and access to larger business loans.
Interested in opening a business bank account? See our review of the best banks for startups in 2023.