| MINNESOTA |
| Name |
Must contain words Corporation, Company, Incorporated, Inc., Co., Corp., Limited Liability Company, Limited, L.L.C., LLC or Ltd. Fictitious name filling fee is $25. |
| Information about Directors and Officers |
Company must have at least one Director, who can hold all officers position. No requirements for age or residence. It is not required to list Directors and Officers in the Articles of Incorporation. |
| Requirements for address |
Home or Office street can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in Minnesota. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
Number of shares is a matter of discretion. Initial filing fees do not change with an increase in shares or par value. |
| Annual statement |
An annual registration form must be filed with the Secretary of State by December 31. There is no filing fee for domestic Corporations that file on a timely basis with no amendments. The filing fee for foreign Corporations is $115. |
| State fees |
$135 State filing fee. |
| Income tax rate |
9.8 of taxable income. |
| Franchise tax |
Annual license fee of $40. |
| S Corporations |
Status is recognized by the State. A separate State election from federal election is required. |
| License requirements |
Minnesota requires that you obtain a license and pay a fee if you are operating certain types of businesses in the State. Please check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
Bylaws and Articles of Incorporation and all amendments of these documents and the statement of names and addresses of its principal officers, minutes of shareholders' meetings for the past three years must be kept at the registered office. |
