Filing fee: $155 · Agency: Minnesota Secretary of State
Processing time: 2 business days.
Annual report: Annual report required; no filing fee.
Franchise tax: Minnesota imposes a corporate franchise tax on C corporations (and LLCs electing C-corp status) at a flat 9.8% of taxable income. Pass-through entities (including most LLCs) are generally exempt from this tax. However, most entities, including LLCs, are subject to a minimum fee ranging from $250 to $12,200 if their Minnesota property, payroll, and sales exceed a certain threshold (e.g., $1,220,000). This minimum fee applies even if there is no taxable income or corporate franchise tax liability.
Notes: Online filings for Articles of Organization are typically processed within 2-5 business days and include expedited processing at no additional charge. Mail filings take approximately 3-4 weeks. Minnesota does not have a general statewide business license, but certain industries and cities may have additional requirements.