Form a corporation in Minnesota
Starting a corporation in Minnesota follows a defined process that’s easier to manage when broken into clear steps. Below is a high-level overview of what’s involved when starting a corporation in Minnesota.
1. Choose your corporation type
Minnesota allows several types of corporations. Most for-profit businesses form either a C corporation or an S corporation, while nonprofit or professional corporations may be more appropriate depending on your business purpose and licensing requirements.
2. Decide on a company name
Once you’ve selected your corporation type, you’ll need to choose a name that meets Minnesota naming rules. The name must be distinguishable from other entities registered with the state and include an approved corporate designator such as “Corporation,” “Incorporated,” “Corp.,” or “Inc.” Many business owners run a Minnesota corporation search through the Secretary of State’s business database to confirm availability before filing.
3. Get a registered agent
Every corporation in Minnesota is required to appoint a registered agent with a physical street address in the state. The registered agent is responsible for receiving service of process, state correspondence, and other official documents on behalf of the corporation. Corporate Creations provides registered agent services nationwide and can serve as the registered agent for your corporation in Minnesota.
4. Choose an incorporator
Your Articles of Incorporation must list at least one incorporator. The incorporator signs and submits the formation documents to the state. This role may be filled by an individual, an attorney, or a professional service provider such as Corporate Creations.
5. Issue shares
A corporation in Minnesota must authorize at least one share of stock. If you plan to issue multiple classes or series of shares, the Articles of Incorporation must describe the associated rights and preferences. Share structure decisions can affect ownership, governance, and future investment considerations.
We recommend working with a qualified professional when issuing shares to help ensure your corporation is structured appropriately and aligned with Minnesota requirements.
6. File the Articles of Incorporation
After gathering the required information, you’ll file the Articles of Incorporation with the Minnesota Secretary of State. Corporate Creations can manage this filing for you, whether submitted online or by mail. Once the filing is approved, your corporation is officially formed. Additional steps may apply depending on your business activities. Learn more in our comprehensive guide on how to start a corporation.
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