LLC Cost in Minnesota — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in Minnesota.
Minnesota LLC Formation Costs
Good news: Minnesota does not charge an annual report fee for LLCs.
Detailed Cost Breakdown for Minnesota
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $155 |
| Annual Report / Franchise Tax | $0/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$155 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $305 |
Cost Comparison: Minnesota vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. Minnesota |
|---|---|---|---|---|
| Minnesota | $155 | $0 | $305 | — |
| Wisconsin | $130 | $25 | $305 | Same |
| Iowa | $50 | $60 | $260 | -$45 |
| South Dakota | $150 | $50 | $350 | +$45 |
| North Dakota | $135 | $50 | $335 | +$30 |
Frequently Asked Questions: Minnesota LLC
How much does it cost to start an LLC in Minnesota?
The state filing fee for an LLC in Minnesota is $155. Including a registered agent service (~$150/yr) and any annual report fees ($0), expect total first-year costs of approximately $305.
How long does it take to form an LLC in Minnesota?
Standard processing in Minnesota takes 5-7 business days. Expedited processing is available for an additional $155 and takes 24 hours.
Does Minnesota require a registered agent?
Yes, Minnesota requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in Minnesota?
Annual LLC costs in Minnesota include the annual report/franchise tax fee of $0 and registered agent fees of approximately $150/year, for a total of about $150 per year after formation.
Can I be my own registered agent in Minnesota?
Yes, you can serve as your own registered agent in Minnesota as long as you have a physical street address in the state and are available during business hours to accept legal documents.