Create Legal Minnesota Corporations And LLC Forms For Free

To establish an LLC in Minnesota, submit Articles of Organization to the office of the Secretary of State. The document must include information such as the complete mailing addresses of each organizer. You can complete the process online, send in your documents by mail or submit your paperwork in person.

How much does it cost to form an LLC in Minnesota? The Minnesota Secretary of State charges $135 to file the Articles of Organization by mail and $155 to file online or in-person. You can file an LLC name reservation for $50 if filed by mail and $55 if filed online or in-person.

A Minnesota LLC isn't legally obligated to have an operating agreement. Minnesota Statute § 322C. 0110 outlines what an operating agreement may cover but doesn't state that LLCs must have one. Still, we at Northwest strongly recommend adopting a written operating agreement.

If your company does or will do business in Minnesota, but was not formed there, you will often need to obtain a Minnesota Foreign Qualification. Typically, ?doing business? is defined by activities such as maintaining a physical office or having employees in the state.

Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...

Minnesota LLC members must pay federal income tax at the 15.3% self-employment rate plus state income tax at a graduated rate. Minnesota collects a state sales tax of 6.875%, and most municipalities also levy a local sales tax.