Starting a business in Minnesota is exciting, but it comes with a good amount of administrative tasks that can be overwhelming, especially when it comes to legal matters and paperwork.
One of the first things business owners had to deal with is forming a business structure. The most popular business structures for small business owners is the Limited Liability Company, or LLC. However, navigating the process of forming an LLC can be complex and time-consuming.
If you’re looking to start an LLC in Minnesota, you’re in luck—there are several excellent services that can help you streamline the process. These LLC formation services handle the nitty-gritty details, from filing your articles of organization to obtaining your Employer Identification Number (EIN) and ensuring that you remain compliant with state regulations.
In this guide, we’ll explore the five best LLC formation services in Mineesota, highlighting their features, pricing, and overall value to help you make an informed decision.
Disclaimer: the rates and offerings below are subjected to changes made by the service providers.
A limited liability corporation, or LLC, is a type of entity that gives you limited liability protection. It’s a type of legal shield that protects your personal assets in the event someone sues your business. The LLC also gives you access to business products such as bank accounts and a business address that make operating your small business that much easier.
Forming an LLC is a step up from a sole proprietorship as it enables you to name members, hire employees and contractors, but still allows you to pay taxes on profits at your personal tax rate. You can also opt to file taxes as an S or C corp if it’s more advantageous. Many small businesses prefer the LLC as a corporate structure due to the fact it’s easy to form, inexpensive to maintain, and opens up doors that are otherwise closed to sole proprietors.
The act of forming an LLC requires filling out paperwork that’s provided by the Minnesota Secretary of State. The work that goes into forming your LLC is involved and requires the provision of in-depth information. You’ll also need a registered agent, an employer identification number (EIN), and an annual report to keep your LLC in good standing.
Using an LLC formation service can save you a lot of time and stress as the service provider does all the work on your behalf.
Here’s a look at the best LLC formation services in Minnesota.
Tailor Brands is one of the best LLC services when it comes to prompt and courteous service, reasonable costs, and fast turnaround times. Tailor Brands also provides business services to support your LLC once it’s been formed.
The main focus at Tailor Brands is LLC formation, but it also offers registered agent services, helps you form your operating agreement, and business accounting/taxes. We also offer services such as Domain registration, website design, logo creation, and other complimentary business services.
Customer reviews state that Tailor Brands is a respected business that work hard to get your filings done correctly. Our services are designed to get your LLC formed, so you can focus on starting and running your small business. You can also opt to use Tailor Brands’ suite of supportive services that take care of the necessary work on your behalf. In turn, you get peace of mind knowing that the important filings are getting done on time.
Bizee, formerly known as Incfile, focuses on helping clients form their LLC quickly and easily. You can pick and choose the types of services you want to utilize through Bizee, or opt to use a formation package that includes specific services. The site features live customer service agents that are able to help when you have a question or run into trouble.
Bizee offers corporate entity filing services for LLC, C, S, and not-for-profits. Its templates guide you through the process of filling out your articles of incorporation and the required supporting documents for a Minnesota LLC. Once your LLC has been formed, you can take advantage of other business services that include a registered agent, a business dashboard that reminds you of important due dates, and business contract templates that you can customize.
The cost to file an LLC through Bizee is $0 plus state filing fees.
Bizee is a no-frills service that helps you get your LLC filed with the state of Minnesota, and provides ongoing support for standard business services. Its customer service agents are knowledgeable, and are ready to help you with problems, answer your questions, and walk you through the options that make the most sense for your LLC. Check out their customers’ reviews to learn more.
ZenBusiness helps you form your LLC, submits the paperwork on your behalf, and lets you know when your filing has been accepted. It also provides supportive services such as banking, accounting, and tax preparation. Its core purpose is to get your LLC formed easily and quickly, so you can get your business running as soon as possible. You can use ZenBusiness for everything from forming your LLC to managing business finances and building your website.
Some of the services offered by ZenBusiness include registering your business name to prevent others from using it, opening a business bank account, accounting software, and business planning advice. It also performs a corporate name search to find out if your chosen business name is available, and helps you keep your business in compliance with reminders about filing the annual report.
The price for a standard LLC filing is $0 plus state fees and various charges for à la carte services. The Pro package is $199 a year, and the Premium is $349 a year.
ZenBusiness gets high marks from customers for its quality customer service. Agents are knowledgeable, supportive and are quick to respond to requests for help. They’re the reason why ZenBusiness is highly regarded in terms of speed of filing, turnaround times, and solving problems for customers.
Swyft Filings name is based on the fact that its service is fast when it comes to forming and filing an LLC. It guarantees 100% accuracy in the paperwork, and provides you with filing templates that are easy to understand and complete. Once you’ve filled out the templates, Swyft Filing’s agents get to work to process and file your articles of incorporation with the state of Minnesota for a fast turnaround.
Some of the offerings and services provided by Swyft include obtaining an EIN, expedited filing services, corporate bylaws written to your specifications, and immediate e-delivery of your state documents once they’ve been accepted. Other services include a kit to help you stay in regulatory compliance, an incorporation statement for opening up a business bank account, and an online dashboard that contains your paperwork and tracks important dates.
The basic filing package is $0 plus state filing fees. Upgraded packages include the Standard for $199 and the Premium for $299.
Swyft Filings gets high praise from customers for its customer support team and the ease of filing. However, the customer support team stands out due to their patience and willingness to help customers work through the problems they encounter as they create their LLCs.
Northwest Registered Agent offers corporate formation services for all 50 states on top of its core business of providing registered agent services. Its staff, known as Corporate Guides®, are professionals who have experience working in the field of business services and support. The company prides itself on delivering business services that make it easy for you to form your LLC and get ongoing support to help you stay compliant with the state and federal governments.
Northwest Registered Agent’s business services are primarily centered around forming a corporate entity, registered agent services, and business support services. Some of the services include mail forwarding, trademark registration, filing annual reports, and getting you an EIN for your corporation. It also offers a virtual office service for address verification, mail forwarding, and a virtual phone number in some states.
The cost of filing an LLC starts at $0 plus state fees. A more comprehensive package is available for $39 plus state fees.
Customer reviews state that Northwest Registered Agent’s website sometimes runs slowly when processing your papers, and it’s not unusual for the paperwork to show incorrect information. The company states that their agents are passionate about what they do, but they don’t seem to always pay close attention to their work. The formation paperwork for LLCs and other corporate entities are processed quickly for submission, and expedited papers are turned around in the stated time frame.
It is possible to create your own New Mexico LLC, but there is definitely a learning curve involved. You will need to research legal and tax implications, not to mention, handle a significant amount of paperwork.
If you prefer to streamline the process while also gaining expert insights, you may be a better candidate for working with LLC formation services. This will remove much of the red tape of forming an LLC in New Mexico while allowing you to shift your focus to other business concerns.
With many services offering LLC formation free of charge — and with New Mexico maintaining some of the lowest filing fees — it’s easy to get your LLC off to a strong start without compromising your budget.
This portion of our website is for informational purposes only. Tailor Brands is not a law firm, and none of the information on this website constitutes or is intended to convey legal advice. All statements, opinions, recommendations, and conclusions are solely the expression of the author and provided on an as-is basis. Accordingly, Tailor Brands is not responsible for the information and/or its accuracy or completeness.
Terry is a serial entrepreneur with over 25 years of experience building businesses across multiple industries – construction, real estate, e-commerce, hotelier, and now digital media. When not working, Terry likes to kick back and relax with family, explore Taoism’s mysteries, or savor the taste of fine Italian red wine.
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