Minnesota is a state in the Upper Midwest, Great Lakes, and Northern regions of the United States. The ‘Land of 10,000 Lakes’ borders the Canadian provinces of Ontario and Manitoba in the North, North Dakota and South Dakota in the West, Iowa in the South, and Wisconsin in the Southeast. It shares a water border with Michigan in Lake Superior. Minnesota is divided into 87 counties. Minnesota has a total area of 86,950 square miles (225,163 km2).
The United States Census Bureau estimates the population of Minnesota was 5.64 million as of 2019. Minnesota does not have an official language. English is the most widely spoken language across the state, but small Spanish, German, and other foreign language populations exist as well.
The Government of Minnesota is the governmental structure as established by the Constitution of Minnesota. Minnesota government, as at the national level of government, power is distributed among three branches: Legislative, Executive, and Judicial.
In 2019, the real GDP of Minnesota was about $333.267 billion. The GDP per capita of Minnesota was $60,066 in 2019.
Minnesota’s earliest industries were fur trading and agriculture. Minnesota’s economy is slowly shifting from agriculture and manufacturing, two highly visible industries, toward service industries such as education and health services and professional and business services. Other sectors of Minnesota’s economy are mining and energy production.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | Minnesota’s corporate tax consists of a flat tax rate of 9.8% plus an additional, alternative minimum tax (AMT). | |
| Company Name | The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof. The proposed name must be unique and available in Minnesota. | The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof. The proposed name must be unique and available in Minnesota. |
| Board of Directors | Minimum of one manager & member required for an LLC. Minnesota has no age and residency requirements for managers/members. The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required. | Minimum of one director & shareholder required for a corporation. Minnesota has no age and residency requirements for directors/shareholders. The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation. |
| Other requirement | Annual Report: LLCs in Minnesota are required to file an Annual Report by December 31. Registered Agent: A Minnesota Registered Agent is a person or company who accepts legal mail on behalf of your Minnesota LLC in case your business gets sued. Employer Identification Number (EIN): is also known as a federal tax identification number, and is used to identify a business entity in the USA. | Annual Report: Corporations in Minnesota are required to file an Annual Report by December 31. Stock: In the Articles of Incorporation, corporations must list the authorized shares. Registered Agent: In Minnesota, your Registered Agent will also serve as a general point of contact for receiving business and tax notices, payment reminders, and other documents. Employer Identification Number (EIN): is also known as a federal tax identification number, and is used to identify a business entity in the USA. |
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You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Minesota is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Minnesota Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Minnesota company, the client is required to pay the Government Fee, US$ 300, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Minnesota Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Minnesota company, the client is required to pay the Government Fee, US$ 470, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Minnesota Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Minnesota company, the client is required to pay the Government Fee, US$ 300, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Minnesota Registered Agent Service |
| Services and Documents Provided | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Minnesota company, the client is required to pay the Government Fee, US$ 470, including
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