Minnesota Business Startup Information Page
Everything you need to know about starting a business in Minnesota
There are many types of Minnesota businesses you can choose to form. Doing business
as any one of them has important ramifications on your tax responsibilities, corporate structure and
filing requirements. We’ve collected information about the various entity types
so that you can register your business in Minnesota with confidence.
What type of Minnesota business is right for you?
Minnesota is home to many strong, nationally recognized businesses.
Before you register your new Minnesota Business in St. Paul, take a few moments to learn about the different entity types in Minnesota. Here we cover DBAs, short for Doing Business As, as well as common corporate structures such as LLCs, S Corporations and C Corporations.
Filing a Minnesota DBA
In Minnesota, a DBA—or Doing Business As—is called an Assumed Name. An Assumed Name
can be formed by a variety of entities: individuals, partners, corporations, limited
liability companies, and nonprofits.
Take a look at further information on forming a
Minnesota DBA.
Minnesota LLC
A Limited Liability Company provides more protection than an Assumed Name because
it is a separate legal entity from its owners, whereas the Sole Proprietor and the
Sole Proprietorship are not legally distinct from each other. LLCs are also more
complex business structures than Assumed Names.
Learn more about a Minnesota
LLC.
Minnesota C Corporation
The default corporation type is a C corporation. A C corporation has a flexible
structure, but significant tradeoffs when it comes to taxes.
Take a closer look at the
Minnesota C Corporation.
Minnesota S Corporation
An S corporation is known as a pass-through entity with respect to taxes, meaning
that gains are reported on the individual owners’ returns. However, there are more
organizational constraints with an S corporation than with a C corporation.
Learn about the
Minnesota S Corporation.
Minnesota Foreign Corporation
A foreign corporation filing is typically required when a corporation registered
in another state begins to do business in Minnesota.
Learn the requirements of a
Minnesota Foreign Corporation.
Minnesota Nonprofit Corporation
A corporation in Minnesota can be organized for either a nonprofit or for-profit
purpose. A nonprofit corporation may apply for 501c3 status with the IRS and take
advantage of certain tax benefits.
Learn more about forming a
Minnesota Nonprofit Corporation.