Minnesota Secretary Of State Business Name Search – Free accounts and tools guide you through the process of starting and maintaining a Minnesota corporation. All for free.
To start a company in Minnesota, you need to do three things. Appointment of a registered agent, selection of a company name, and filing of the Articles of Incorporation with the Office of Business Services of the Secretary of State. This document can be submitted online, by mail or in person. It costs a minimum of $135 to submit an article. When filed with the state, this document officially creates your Minnesota corporation.
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Pursuant to MN Stat § 302A.121 (2020), all Minnesota corporations must have a registered office and may also appoint a registered agent. You are not required to hire a registered agent, but if you do, if possible, have the registered agent list his/her address in the article to ensure maximum privacy.
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If you’re starting a new business, you probably already know what you want to name your company. However, you need to know if the name you want is available. To find out, visit SOS’s Minnesota Business Name Search and search until you find the perfect name for your company.
Once you know who your registered agent is and what your company name is, you are ready to file the Minnesota Articles of Incorporation. Please follow the submission instructions below.
Learn more about each of the bylaws requirements below. The information you provide will permanently become part of our public record.
Better yet, skip the form entirely and hire us to incorporate your Minnesota business. To better keep your personal address private, we may list your business address free of charge whenever possible throughout our filings.
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Your name must include “Incorporated”, “Corporation”, “Limited”, “Company” or an abbreviation of one of these words. “and Company” or “& Company” cannot be used (and thus “Dave’s Bait Shop & Co” cannot be used). Professional corporations have unique naming requirements and must include “Professional Corporation”, “Professional Service Corporation”, “Service Corporation”, “Professional Association”, “Chartered”, “Limited” or an abbreviation.
The registered office is the street address at which the Minnesota registered agent may periodically receive legal notices from the state. TIP: When you hire Northwest as your registered agent, our address becomes your registered office and we take care of all your registered agent needs.
List the number of shares you want to create. At least one must be listed. Tip: You can distribute some or all of these shares at your organizational meeting.
Your founder is the person you authorize to file your Articles of Incorporation. It does not have to be someone from your company, but it should include your name, address and signature. TIP: When you hire us to form your Minnesota corporation, Northwest becomes your corporation.
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Minnesota requires that your articles of incorporation include an email address for official notifications. You can check the box to exclude most emails from bulk data requests, but you may want to disable personal emails if you have privacy concerns. Tip: Northwest allows customers to use their email addresses here.
Again, this information becomes part of the public record. Tip: Avoid falling into many telemarketer listings. When you hire Northwest, you can list our phone number here.
Standard filing companies do not have employees or offices in any state. However, as a national registered agent, it is a requirement for us, which is an advantage for our customers. Our office is located in Owatona, Minnesota. We have the same names as the people who work in the business services office.
As your registered agent, we will provide the Owatonna registered office address on your incorporation documents. why? If you are starting a business from an apartment in Duluth, do you really want your apartment address as your business address? (Hint: the answer is no.) You do not need to provide your address as we will be listing it. We also do not sell your data. We will not list your personal information in filings where it is not required. This is all standard and part of our Privacy by Default® commitment.
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At Northwest, our registered agents do everything you need to do and more. You may list a Google address as your business address on your state declaration. Limited digital mail forwarding is included with registered agent service (up to 5 regular mails per year, $15 per document thereafter).
We know each state in and out, and we use this knowledge to help when we need it most. The Corporate Guides® team includes over 200 local business professionals. You can call or email us to answer all your questions about your company in Minnesota. Our corporate guide is dedicated to helping your business, not selling services or meeting quotas.
Even after the Minnesota bylaws have been approved, there are still a few more important steps to take, including getting an EIN, drafting the bylaws, holding your first meeting, opening a bank account, and learning about state reporting and tax requirements.
A federal employer identification number (commonly referred to as an EIN or FEIN) is similar to a business’ social security number. The IRS assigns this number and uses it to easily identify individual businesses on tax returns, including federal corporate income tax returns.
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The IRS requires businesses to obtain an EIN for filing federal taxes, and the Minnesota Department of Revenue requires an EIN for business registration. You may also be asked for an EIN when opening a bank account, securing a loan, or applying for local business permits and licenses.
You can get an EIN directly from the IRS. The application is free and most businesses can apply online. However, if you do not have a Social Security number, you must submit a paper application. Can’t you fill out another application? Hire Northwest to get your EIN. When you sign up for the integration service, simply add the EIN service during checkout.
Bylaws are the internal rules you set for your business. They put in writing how decisions are made and who makes them. All major organizational processes and procedures of the company are included in the bylaws.
Minnesota Statute §302A.181 states that ordinances are not required by law, but the absence of an ordinance is rare, especially since it serves an important function. People who work with inside and outside Minnesota businesses will find the Bylaws to answer key questions about how businesses operate.
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However, the ordinance does not have to be submitted to the state. Company bylaws are internal documents that are kept along with other company records such as meeting minutes and resolutions.
The company charter covers basic policies and procedures on matters such as company finances and management. Bylaws should cover a variety of topics and answer key questions such as:
Minnesota ordinances can also make other provisions, assuming the additions are in accordance with state law. For example, MN Stat § 302A.211 (2019) states that the power of a company’s board of directors to determine director compensation may be limited by the company’s articles of association.
Creating an ordinance can be overwhelming. Where to start? Northwest can help. When you hire us to form your Minnesota corporation, we provide you with our articles of incorporation free of charge. We know what kinds of topics and questions businesses need to address, and we’ve spent years refining and refining our forms. We also offer many other free company forms, including resolution and meeting minutes templates.
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An organizational meeting is the first official meeting of a company after it is legally formed with the state. At this meeting, bylaws are adopted, officers are appointed, and all other initial affairs are carried out. Minutes of the first meeting must also be recorded and added to the company register.
Notice is required at least 3 days prior to holding the meeting. However, attendees may waive the required notice in writing. The meeting does not have to be held in Minnesota.
Businesses that mix personal and business finance risk losing liability protection, so businesses need their own bank accounts. Additionally, a corporate bank account is essential to easily receive payments, pay bills, and hold funds.
To open a corporate bank account in Minnesota, you must bring the following to your bank:
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If the ordinance does not specifically specify the authority to open a bank account, a corporate resolution may be filed to open a bank account. The resolution stated that the company gave the person who goes to the bank the right to open an account in the company’s name. Northwest provides a free corporate bank resolution along with many other free corporate forms to help you get started quickly.
In Minnesota, corporations file annual renewal reports each year. On the tax side, the state imposes a corporate franchise tax and may also impose a minimum fee based on the total value of the business.
The Minnesota Annual Renewal is a report that must be filed annually. You need to verify or update your business address. Name, principal address, and business address of the chief executive officer. Official email address.
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