A Guide to Setting Up a Minnesota Corporation

Starting a new business in Minnesota can be an exciting and rewarding endeavor. However, it can also be complicated and overwhelming if you don’t know where to start.

This guide will provide you with all the information you need to set up your minnesota corporation from filing the Articles of Incorporation to understanding the associated taxes and fees. I’ll provide step-by-step instructions so that setting up your corporation is easy, efficient, and as stress-free as possible.

Let’s get started!

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Choose a Name for Your Corporation

Choosing the perfect name for your business is essential, so take your time and make sure it’s just right! When selecting a name for your Minnesota corporation, you’ll need to consider both creative brainstorming and legal implications.

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To get started, start by writing down any potential names that you or other members of your team come up with. Consider how each name will communicate the mission of your business and how it will be received by clients or customers. Make sure to research each potential name online and check with the Minnesota Secretary of State website to ensure there are no conflicts with existing corporations in their database.

Next, you’ll want to decide if you want to use an assumed name or “Doing Business As” (DBA) so that you can conduct business under a different name than what is in the Articles of Incorporation. While this step isn’t required in order to register a new corporation, it may provide additional flexibility when doing business as well as marketing opportunities such as creating a unique brand identity for your company.

Once you’ve settled on a few possible names, it’s important to review them against state laws governing corporate naming requirements. This includes making sure none of them include words such as Bank, Insurance Company or Medical Corporation without proper licensing and permission from the state. Additionally, all corporate names must end with one of these suffixes: Corporation (Corp), limited liability company (LLC), Limited Partnership (LP), Professional Association (PA).

With these considerations taken into account, select the best possible option that meets all legal requirements while still reflecting positively upon your company mission – then you’re ready to file the Articles of Incorporation!

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File the Articles of Incorporation

Once you’ve chosen a name for your corporation, the next step is to prepare and file the Articles of Incorporation. This document is essential as it’ll formally create your Minnesota Corporation.

Preparing the Articles of Incorporation involves filling out all required forms with information about your business, such as its name, purpose, address, and so on. Once completed, you can move onto filing the Articles with the Minnesota Secretary of State.

This requires submitting payment and other documents to ensure everything is in order before approval.

Preparing the Articles of Incorporation

Preparing the Articles of Incorporation is an important step in creating your business – don’t skip it! It’s important to understand the legal requirements and corporate structure for your Minnesota corporation before you begin filing.

Taking the time beforehand to research and create an outline for your articles of incorporation will save you a lot of hassle down the line. You’ll need to make sure that all of the required information about your company’s directors, shareholders, and registered agents are included in order to ensure that you’re following all applicable state laws.

Additionally, you may want to consider adding certain provisions or clauses regarding how the company should be managed. This process can be complicated but having these details ironed out before filing can help avoid potential issues later on.

Once everything is finalized and ready to go, you’ll be able to proceed with officially forming your Minnesota corporation by submitting the articles of incorporation with the Secretary of State’s office.

Submitting this document formally registers your organization as a legal entity and allows it to start conducting business within Minnesota. With careful preparation and consideration behind it, setting up a Minnesotan corporation can become a streamlined process that’ll benefit both yourself and your new business venture for years to come!

Filing the Articles of Incorporation

Filing your Articles of Incorporation is the official way to make your business a legal entity and get it up and running in Minnesota! To officially form a corporation, you must submit your Articles of Incorporation to the Minnesota Secretary of State.

This document includes information about the company such as its name, address, corporate purpose, and other necessary details. By filing this paperwork with the state of Minnesota, you’ll receive a corporate identity that can be used for all future business transactions.

Additionally, it also meets all legal requirements by providing evidence that your company exists under the law. Completing this process is an essential step in establishing a successful business in Minnesota and creating a strong corporate identity.

With these pieces in place, you’re now ready to move on to obtaining a federal tax ID number for your new corporation.

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Obtain a Federal Tax ID Number

To begin the process of forming your business, you’ll need to obtain a Federal Tax ID Number. This nine-digit number is issued by the Internal Revenue Service and is used for tax purposes. It’s important that you have this number when filing taxes or managing costs related to payroll taxes.

Obtaining a Federal Tax ID Number is easy and can be done in three simple steps:

  1. Submit Form SS-4, Application for Employer Identification Number (EIN), to the IRS either online or by mail;
  2. Receive an EIN confirmation letter from the IRS with your assigned number;
  3. Save all documents associated with obtaining your Federal Tax ID Number as they will be needed when filing taxes each year.

Having a Federal Tax ID Number helps ensure that your business complies with federal regulations and allows you to open bank accounts, file taxes, and manage other financial activities associated with running a business.

With this critical step complete, you’re now ready to register with the state of Minnesota and move forward in creating your new corporation!

Register With the State of Minnesota

Once you’ve obtained your Federal Tax ID number, the next step to setting up a Minnesota corporation is registering with the state of Minnesota.

This includes selecting a registered agent, as well as applying for any licenses and permits that may be necessary.

It’s important to make sure all of these steps are taken care of properly in order to ensure that your business will be compliant with all applicable laws and regulations.

Select a Registered Agent

Choosing a registered agent is an important decision for your business, so make sure you take the time necessary to find one that works best for you. The registered agent acts as a liaison between the Minnesota Secretary of State and your business, receiving official mail from the state and other legal documents on behalf of your corporation.

You can appoint any adult who lives in Minnesota or any business entity authorized to do business in Minnesota as your registered agent. During the appointing process, it’s important to ensure that all legal requirements are met to guarantee that there are no issues with compliance down the line.

When selecting a registered agent, consider their availability during regular business hours and how accessible they will be if you have questions or need assistance with something related to your corporation. Make sure they have experience working with businesses similar to yours, so they can provide reliable advice when needed.

Additionally, look into their fees and services offered to determine whether they fit within your budget and meet all of your needs. Your choice of registered agent should help make running a successful Minnesota corporation easier in the long run.

With this important step taken care of, you can now move on to applying for licenses and permits needed for operation.

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Apply for Licenses and Permits

Now that you’ve chosen a registered agent and completed the appropriate paperwork, it’s time to apply for licenses and permits. Depending on the type of business you’re setting up, there may be different types of permits or licenses required.

There are two ways to apply: online or in-person at your local licensing agency. For some businesses, such as retail stores, applying online is the best option because it can help ensure that your store is in compliance with all local regulations.

When choosing a location for your business, make sure to check with the local authorities if any special permits or licenses are needed for that particular area. Additionally, be aware of any fees associated with obtaining these permits and licenses so you can budget accordingly.

With this step complete, now you understand the importance of understanding the associated taxes and fees for operating a Minnesota corporation!

Understand the Associated Taxes and Fees

Gaining an understanding of the taxes and fees associated with forming a corporation is essential for success. As part of this process, you’ll need to research various tax and fee implications that apply to your specific situation.

There are numerous types of taxes or fees that may be applicable, including but not limited to:

  • Corporate Income Tax: This tax applies at both the federal and state level, depending on the type of business entity chosen.
  • Franchise Tax: In some states, businesses are subject to a special franchise tax in addition to income tax.
  • Employer Taxes: Businesses with employees must pay payroll taxes such as FICA (Social Security and Medicare) and federal unemployment insurance (FUTA).
  • Sales & Use Taxes: Depending on where your business is located, you may need to collect sales or use taxes from customers when they purchase goods or services from you.
  • Professional Licenses & Permits: Certain professions require special licenses or permits before beginning operations. These can include attorneys, doctors, accountants, etc.

It is critical that all appropriate taxes and fees are paid in a timely manner to avoid costly fines or penalties due to noncompliance with local laws and regulations. By researching the applicable rules beforehand, entrepreneurs can ensure they remain compliant while maintaining their financial goals for their businesses.

Additionally, hiring an accountant who has experience working with small businesses can provide invaluable advice about which taxes will apply based on the type of entity chosen for your business structure. Doing so can also help save time by ensuring all necessary forms are filed correctly each year, minimizing any potential liabilities related to failure to comply with legal requirements set forth by the IRS and other government entities.


Wrapping up the process of setting up a Minnesota corporation is an exciting step. I’m proud to have come this far and taken the necessary steps to get the business off the ground.

Once I’ve completed all the paperwork, registered with the state, and obtained my tax ID number, I can move on to managing and growing my business. It’s been a lot of work—but it was well worth it!

LLCEye is the ultimate guide for entrepreneurs looking to start their own LLC. LLCEye provides expert insights and resources to help you navigate the world of LLC formation.

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