The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing.
It’s a good idea to do a reality check with the Secretary of State’s office to confirm that the information is still current.
|Secretary of State Contact Information||Minnesota Secretary of State
180 State Office Building
St. Paul , MN 55155-1299
|LLC Filing and Assistance Website Address||www.sos.state.mn.us|
|LLC Filing Fees||An LLC may organize by filing Articles of Organization along with a fee of $135. Foreign LLCs must file a Certificate of Authority for a Foreign Limited Liability Company and pay a filing fee of $185.|
|LLC Name Reservation Information and Fees||Minnesota organizers may reserve an LLC name by filing a Request for Reservation of Name with the Minnesota Secretary of State and paying a $35 filing fee. The name reservation remains effective for one year.|
|Link to Get LLC Formation Forms||www.sos.state.mn.us/business/forms.html|
|Periodic LLC Reporting Requirements||Domestic and foreign LLCs must file an Annual Registration accompanied by a filing fee of $35 each year by December 31. The Secretary of State now offers online filing through its website.|
|Link to Get LLC Tax Forms||www.taxes.state.mn.us/taxes/current_forms.shtml|
|LLC Tax Summary||Most LLCs must file a Minnesota Partnership Return (Form M3). LLCs filing the Partnership Return may be subject to a minimum fee of $100 through $5,000. LLCs classified as corporations for federal tax purposes must file a Corporation Franchise Tax Return (Form M4)|
|LLC Statute||Chapter 322B of the Minnesota Statutes.|
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
You can view his Amazon Author Profile Here.