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:
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
To register as a foreign LLC in Minnesota, you can file through mail by paying $185 or onlline with a filing fee of $205 to the Minnesota Secretary of State.
If you’re thinking about forming a foreign LLC in Minnesota, there are some things to consider before you file. The first step is acquiring your EIN. An EIN is a nine-digit number issued by the IRS. It acts as a company’s social security number, and is used for tax reporting. The cost to obtain an EIN is $35 online, or $50 if you choose to file in person. Once you’ve obtained this number, you’ll be able to file your articles of organization with the Minnesota Corporation Division.
After you have obtained your foreign LLC’s certificate of authority, you can begin conducting business in Minnesota. You must file an annual report with the Minnesota Secretary of State, as required. It’s not difficult to establish a foreign LLC, but it requires a filing fee of $185. After you file your articles of organization, you’ll also need to pay the Business Privilege Tax of $155 per year.
To qualify as a foreign corporation, you’ll need to secure a state business license. You’ll need a cooperative certificate of authority to transact business in Minnesota. You don’t need to file any supporting documents with the application. The fee is only $205 for mail submission, and you can file the form online or in person at the Minnesota Corporation Division. A foreign LLC is not legally required to have an LLC Operating Agreement in Minnesota, but it is recommended that you do.
The process for registering a foreign LLC in Minnesota is simple and requires little documentation. You simply need to file your Articles of Organization with the Minnesota Secretary of State. This process takes four days, and costs $135. You can file your articles of incorporation online or by mail. You can also file a Certificate of Good Standing in Minnesota by using the online process. The filing fee is $135 for in-person filing, and $85 for online and expedited filing.
In addition to the filing fee, you’ll also have to pay annual renewal fees. You can file your annual report online, or you can visit a Minnesota office and complete the renewal form. You can even file an amendment form if you need to change your business name or change your registered office address. However, if you’re looking to incorporate a foreign LLC, it’s better to file the annual renewal form every year.
To avoid paying a fee every year, you should make sure you have an agent to receive all legal documents from the state. If you don’t plan to keep a physical office in Minnesota, you should hire a service to act as your registered agent. Registered agent services can cost $100 to $300 annually. If you choose to register your foreign LLC in Minnesota, it’s recommended to select a company that offers free registered agent service.
There’s a lot to consider before you file your Articles of Organization. A name needs to be distinguishable from any other business entities in Minnesota. To check the availability of your preferred name, you should look for the online or mail option. You’ll also need to appoint a registered agent to handle all federal and state legal documents and to serve legal documents. You can find a Minnesota Registered Agent by visiting the Corporations Business & Liens Portal.
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.
Starting a foreign LLC in Minnesota does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.