Types of Companies
Incorporate in Minnesota
Corporate Name Endings
* The name shall not be deceptively similar to name of any other domestic corporation, limited partnership, limited liability partnership, or limited liability company or of any foreign corporation, limited partnership, limited liability partnership, or limited liability company authorized to do business in state unless: (1) such other corporation is about to change its name, cease business, dissolve or withdraw, and (2) written consent therefrom is obtained. The name shall contain the word "corporation," "incorporated," or "limited," or the abbreviation of one or more of these words or shall contain the word "company" or the abbreviation "Co.," if that word or abbreviation is not immediately preceded by word "and" or character "&".
Articles of Incorporation RequirementsDirector Information
- Minimum Number - One or more.
- Residence Requirements. - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- An increase in shares or par value does not effect initial fees.
Yearly RequirementsAnnual Statements
- The minimum annual license fee is $40. The corporation must pay the annual license fee by May 15 of each year.
- Income tax rate is 9.8% of taxable income.
For more information on taxes, visit www.taxes.state.mn.us
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