Minnesota Corporation Requirements

Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Minnesota incorporation.

Cost to incorporate in Minnesota

At BizFilings, we clearly outline our fees and the state fees to form a Minnesota corporation. View our pricing to incorporate as a C corporation or S corporation to plainly see:

  • BizFilings’ package prices. BizFilings offers three incorporation service packages from which you can choose.
  • State fee for standard turn-around. Our pricing clearly shows the state fee to incorporate in Minnesota with standard turn-around.
  • Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
  • Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.

Incorporate in Minnesota

Corporate Name

The name shall contain the word "Corporation," "Incorporated," "Limited" or the abbreviation thereof, or it shall contain the word "Company" or the abbreviation "Co.," but only if it is not immediately preceded by the word "and" or the character "&." The name must not be deceptively similar to the name of any other domestic corporation, limited partnership, limited liability partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability partnership or foreign limited liability company authorized to do business in the state, unless: (1) the other business is about to change its name, cease business, dissolve or withdraw, and (2) written consent from that business is obtained.

Director information

The following are Minnesota’s requirements for directors of corporations:

  • Minimum number. Corporations must have one or more directors.
  • Residence requirements. Minnesota does not have a provision specifying where directors must reside.
  • Age requirements. Directors must be at least 18 years old.
  • Inclusion in the Articles of Incorporation. Director names and addresses are required to be listed in the Articles of Incorporation.

Requirements for the Articles of Incorporation

The document required to form a corporation in Minnesota is called the Articles of Incorporation. The information required in the formation document varies by state. Minnesota's requirements include:

  • Officers. Officer names and addresses are not required to be listed in the Articles of Incorporation.
  • Stock. Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.
  • Registered agent. Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Minnesota. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Minnesota Registered Agent Service

Professional services businesses

Minnesota allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Minnesota corporations.

Corporate records

Minnesota corporations should keep complete corporate records at the principal office of the corporation.

Corporate taxes and fees

The following are taxation requirements and ongoing fees for Minnesota corporations:

  • Annual report. Minnesota requires corporations to file an annual registration form by December 31. There is no filing fee.
  • Taxes. For complete details on state taxes for Minnesota corporations, visit Business Owner's Toolkit or the State of Minnesota .
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Minnesota does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Minnesota recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Minnesota information

View the following additional resources BizFilings has for forming and maintaining companies in Minnesota:

State Guides


The state in which you form your company can provide certain benefits.

Please select both a state and a topic.

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