The following Minnesota Business Corporations forms are available in pdf. Use the following form to register a Minnesota Business Corporation.This guide will help you file formation documents, get tax identification numbers, and set up your company records. Learn how to set up a corporation in Minnesota with this Free Guide. Tips, tricks, and expert advice in Minnesota business laws. Once the corporation is established, you'll need to file IRS Form 2553 to elect S Corporation status. 2. Directors don't need to be the corporation's owners, but they can be. A corporation must have a minimum of one director. Once the C Corp is formed, the board of directors must be set up. Before doing so, complete federal Form 1120-S and supporting schedules.