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How much money should you start with an LLC?

The main cost of forming a limited liability company (LLC) is the state filing fee. This fee ranges between $40 and $500, depending on your state.

How much does it cost to set up an LLC in MN?

How much does it cost to start an LLC in Minnesota? In Minnesota, the filing fee for domestic LLCs is $135 by mail and $155 when filed online or in person. Foreign LLCs registering in Minnesota must pay $185 when submitting by mail or $205 for in-person or online form submission.

Does an LLC need an EIN?

An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number.

Do I need an EIN for my LLC in MN?

For tax purposes, LLCs must apply for a federal Employer ID Number from the Internal Revenue Service (IRS), and a Minnesota Tax ID Number from the Minnesota Department of Revenue.

What is needed to set up an LLC in Minnesota?

To start a Minnesota LLC youll need to file the Articles of Organization with the Minnesota Secretary of State, which costs $155 online. You can apply online, by mail, or in-person. The Articles of Organization is the legal document that officially creates your Minnesota Limited Liability Company.

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