Minnesota Corporation Requirements

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.

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Guide to Incorporation

Learn what to expect when you're incorporating.