If you already have an LLC in another state and want a Minnesota LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Minnesota.
On this page, you’ll learn about the following:
- Forming an Minnesota Foreign LLC
- Steps to Filing Minnesota Foreign LLC Online
- After Forming Minnesota Foreign LLC
Forming an Minnesota Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Minnesota, you need to register it with the Minnesota Secretary of State.
Step 1: Choose Minnesota Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Minnesota Secretary of State. Your LLC’s legal name outside of Minnesota will be listed on the application, along with the name it will use in Minnesota. Take note of the requirements for naming your LLC.
Step 2: Select Minnesota Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Minnesota and take note that a Minnesota registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
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$39 + State Fees
$100 + State Fees
$0 + State Fees
Step 3: File Registration of Minnesota Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to email@example.com or by mail to Minnesota Secretary of State – Business Services, Retirement Systems of Minnesota Building, 60 Empire Drive, Suite 100, St Paul, MN 55103..
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Minnesota
- Date when your LLC will start operations in Minnesota.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Minnesota, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Minnesota Foreign LLC is taxed
Foreign LLCs are also subjected to the Minnesota Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Minnesota Foreign LLC Online
Time needed: 5 minutes.
When you are registering for the foreign LLC in the State of Minnesota, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $205. After approval, you will receive a Verification Certificate from the State Office. The State offers offline as well as online filing options. We have explained the aspects you need to cover when you apply for Minnesota Foreign LLC.
- Go to the Official Michigan SOS website
Visit the Online business filing system on the Secretary of State of Michigan website. The portal offers a one-stop solution to all business filings and information.
- Log in to your Account
On the next page, a login page will appear. If you have an account with the Secretary of State office already, enter your login credentials such as user email and password and click “Login”. If you do not have an account, click on the “Create an Account” option available on the left side of the login box.
- Create an Account
On the next page, create your account by entering the required details, such as Email and password. Clear the captcha and check the box agreeing to the terms and conditions. Next, click on the ‘Create Account’ tab.
- Check the Instructions
After your account has been created on the website, continue to log in with your username and password. After signing in, under the heading of “File a New Business or Nonprofit”, select the option of “Limited Liability Company (Foreign)” on the user account page. Next, follow the guidelines and fill in all the required information.
- Review the information
Before proceeding to submit your application, review the information to be accurate and correct.
- Attach Certificate of Good Standing or Existence
You must attach the Certificate of Good Standing or Existence issued by proper authority in the State of Original Jurisdiction.
- Make the payment
After you complete all the details and thoroughly review your application, proceed to make the payment of $205 for the filing fee of your LLC Application.
You can also submit the application offline via mail. Download the Application Form PDF. Fill in the required details. Make the check or money order of $185 payable to the Secretary of State. Attach all the documents and you can file in-person or mail them to the following address: Minnesota Secretary of State – Business Services Retirement Systems of Minnesota Building 60 Empire Drive, Suite 100 St Paul, MN 55103
After Forming Minnesota Foreign LLC
Here are added things you need to accomplish after forming your Minnesota Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Minnesota.
How Much Does It Cost to Register a Foreign LLC in Minnesota
A Foreign LLC must pay a filing fee of $205 to register. If the name of the foreign LLC has already been taken, you can file for an alternate name. The fee is $185 online and $60 in person. The filing fee is waived if you are filing your application in person. For corporations, a small filing and application fee of $25 is required. You can also use a registered agent service to keep your LLC in compliance. A registered agent will send reminders and help you avoid late fees and fines.
To register a Foreign LLC in Minnesota, you must be a business entity of a different state. In order to qualify, the foreign business entity must be doing business in that state. This is a once-time fee, but it is important to note that your LLC must renew its registration annually with the Secretary of State. This fee is waived if the foreign LLC remains in good standing.
In order to avoid late filing fees, you must pay the tax on time. You can save money by paying your taxes on time. The Department of Revenue has information on penalties. If you don’t pay your tax on time, the state will charge you a penalty. However, if you choose to use a registered agent service, it won’t be as expensive as you think.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Minnesota.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Minnesota as an LLC. The entity type that has a physical presence in another state is a foreign LLC.