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Minnesota incorporation 2026

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The document outlines the Articles of Incorporation for a Professional Corporation in Minnesota, detailing the requirements for establishing a for-profit business corporation operating as a professional firm. It includes sections on the corporation's name, election to operate under Minnesota's Professional Firms Act, registered office address and agent, share authorization, and incorporator certification.

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Click ‘Get Form’ to open the Minnesota Articles of Incorporation in the editor.
Begin by entering the name of your Professional Corporation in Article I. Ensure it ends with an appropriate designation such as 'P.C.' or 'Professional Corporation'.
In the Election to Invoke Minnesota Professional Firms Act section, confirm your corporation's intent to operate under the specified statutes by checking the relevant statements and providing the category of professional service.
Fill in Article II with your registered office address. Remember, this must be a physical address, not a P.O. Box, and include the name of your registered agent if applicable.
In Article III, specify the total number of shares your corporation is authorized to issue. You must authorize at least one share.
Complete Article IV by providing the names and addresses of all incorporators. Each incorporator must sign below their information.
Finally, print the name and phone number of a contact person for any inquiries regarding this filing.

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Which is better, LLC or Incorporated?

If all the owners want to participate in running the business, LLC beats Inc. But if the members want to be passive investors and have the business run by managers with more expertise than they have, and want the extra protections provided by the corporation statutes, then Inc.

What is the difference between an LLC and an Incorporation?

LLCs must apply for both: Federal Employer ID Number from the IRS. Minnesota Tax ID Number from the Minnesota Department of Revenue.

How much does it cost to incorporate in Minnesota?

Business Filing Certification Fee Schedule Assumed Name - Chapter 333Mail Filing FeeIn Person and Online Filing Fee (*Not Available online) Articles of Incorporation - Original Filing $135.00 $155.00 Amendment $35.00 $55.00 Annual Public Benefit Report $35.00 $55.00 Annual Public Benefit Reinstatement $500.00 $520.00*158 more rows

Is it better to go from an LLC to a corporation?

If your company is exhibiting significant growth, converting from an LLC to a corporation will give you the flexibility to allocate some profits to qualify for a lower income-tax bracket, says Paul Sundin, a CPA and tax strategist for Emparion.

Who pays more taxes, LLC or corporation?

Typically, an LLC taxed as a sole proprietorship pays more taxes and S Corp tax status means paying less in taxes. By default, an LLC pays taxes as a sole proprietorship, which includes self-employment tax on your total profits.

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