Highlight In Legal Minnesota Startup For LLC Forms For Free

Minnesota LLC Approval Times Mail filings: In total, mail filing approvals for Minnesota LLCs take 3-4 weeks. This accounts for the 11-12 business day processing time (a bit more than 2 weeks), plus the time your documents are in the mail. Online filings: Online filings for Minnesota LLCs are approved immediately.

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.

It costs $155 to form an LLC in Minnesota. This is a fee paid for the Articles of Organization. You'll file this form with the Minnesota Secretary of State. And once approved, your LLC will go into existence.

The term single-member is used to recognize that the LLC has one owner, as opposed to an LLC in which there is more than one owner. (In an LLC, owners are called members.) A single-member LLC has all the same advantages ? and disadvantages ? of a multi-member limited liability company.

If you want to start a small business, you can form a new LLC (limited liability company) in Minnesota without hiring an attorney. You will save the expense of attorney's fees, but you also will not have the counsel of a business attorney and will have some other risks. The risks are explained at the end.

For tax purposes, LLCs must apply for a federal Employer ID Number from the Internal Revenue Service (IRS), and a Minnesota Tax ID Number from the Minnesota Department of Revenue.