Forming a Limited Liability Company (LLC) in Minnesota involves several steps, including filing documents with the state and fulfilling various legal requirements. Here’s an in-depth guide to navigating the process. **Step 1: Name Your LLC** 1. **Choose a Unique Name**: Your LLC name must be distinguishable from other business names already on file with the Minnesota Secretary of State. To ensure your chosen name is available, use the Minnesota Business Name Search tool. 2. **Follow State Guidelines**: The name must include “Limited Liability Company” or the abbreviations “LLC” or “L.L.C.” Do not use words that could confuse your LLC with a government agency (e.g., FBI, Treasury). 3. **Reserve Your Name (optional)**: If you want to ensure your chosen name is available while you finalize your plans, you can reserve it for 12 months by filing a “Name Reservation” with the Secretary of State. The filing fee is $55 for online or in-person filings and $35 for mail filings. **Step 2...
Practical Legal Guide with Expert Advice