What an LLC Costs in Minnesota
The Minnesota LLC filing fee, the annual report fee, any state franchise or minimum tax, and other required costs, from the official state sources.
Short answer: Minnesota law states that a limited liability company is formed when Articles of Organization are filed with the Secretary of State accompanied by a payment of $135. Minn. Stat. 322C.0201, subd. 4
| LLC filing fee | Minnesota law states that a limited liability company is formed when Articles of Organization are filed with the Secretary of State accompanied by a payment of $135. Source: Minn. Stat. 322C.0201, subd. 4 |
|---|---|
| Annual report | Beginning the calendar year after it files its Articles of Organization, a Minnesota LLC (and a foreign LLC) must file an annual renewal with the Secretary of State by December 31 of each calendar year. No fee is required to file the annual renewal. A domestic LLC that does not file its renewal is administratively terminated (a foreign LLC has its authority revoked); it may reinstate retroactively by filing a single annual renewal and paying a $25 fee. |
| State franchise or minimum tax | The Minnesota Department of Revenue says a business with a filing requirement is subject to the minimum fee if its Minnesota property, payroll, and sales or receipts total exceeds the minimum threshold, which is adjusted annually for inflation. The minimum fee does not apply to a single-member LLC that reports its income only on its member's individual income tax return (Form M1). An LLC filing as a partnership with two or more members is subject to the minimum fee if its Minnesota property, payroll, and sales or receipts exceed the threshold; the fee is determined on Form M3, Partnership Return. The page read does not list the current threshold or fee amounts. |
Where to get help in Minnesota
More Minnesota starting an llc & small business
- LLC Annual Report in Minnesota
- Registering a DBA (Assumed Name) in Minnesota
- All Minnesota starting an llc & small business rules
FAQ
How much does it cost to form an LLC in Minnesota?
Minnesota law states that a limited liability company is formed when Articles of Organization are filed with the Secretary of State accompanied by a payment of $135.
Does an LLC have to file an annual report in Minnesota?
Beginning the calendar year after it files its Articles of Organization, a Minnesota LLC (and a foreign LLC) must file an annual renewal with the Secretary of State by December 31 of each calendar year. No fee is required to file the annual renewal. A domestic LLC that does not file its renewal is administratively terminated (a foreign LLC has its authority revoked); it may reinstate retroactively by filing a single annual renewal and paying a $25 fee.
What state taxes does an LLC pay in Minnesota?
The Minnesota Department of Revenue says a business with a filing requirement is subject to the minimum fee if its Minnesota property, payroll, and sales or receipts total exceeds the minimum threshold, which is adjusted annually for inflation. The minimum fee does not apply to a single-member LLC that reports its income only on its member's individual income tax return (Form M1). An LLC filing as a partnership with two or more members is subject to the minimum fee if its Minnesota property, payroll, and sales or receipts exceed the threshold; the fee is determined on Form M3, Partnership Return.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.