Once you have registered your new business in Minnesota, what is the next step? You have to make the business operational. This can be achieved through applying for a proper business license or permit. It is important to know that Minnesota does not have a single comprehensive license or permit for businesses. At the same time, all types of businesses don’t require a license to operate in the state.

There are several types of businesses that require a permit or business license in Minnesota and the licensing information is available with Minnesota Bureau of Business Licenses (BBL). BBL also publishes a directory that contains detailed information and is known as State of Minnesota Directory of Licenses and Permits.

Minnesota Business License Requirements

How do you obtain a business license in Minnesota? More importantly, does your business require a license or a permit or both? Who is responsible for issuing these licenses? These are some of the important questions that you might be confronted with and hence, we have created a guide that will help answer some of these questions.

Here is a step-by-step approach towards acquiring a business license in the state of Minnesota.

Step#1: The Industry or Business Type

The state of Minnesota issues more than 680 licenses that are administered by 46 state agencies. The type of industry or the activities a business is engaged in helps in identifying the type of business license required. It is also important to know that if your business activities are being regulated and supervised by a federal agency then you will be required to obtain a federal business permit or license. A business that imports animal products, biotechnology, or biologics across state lines will require a federal license.

The requirement for a permit or Minnesota company license is dependent on the type of industry or services. Some of the main categories of services or industry for which a license or permit is required are as under:

• Adult Care
• Agriculture
• Alcoholic Beverages
• Aviation
• Buildings and Construction
• Financial Services
• Hospitality Industry
• Technology
• Corporations and Organizations including Charitable Organizations

Step#2: Licenses issued by City/County

If your business type doesn’t fall under a statewide license then you will have to check with the local city or county office. A general business license in Minnesota is normally issued in some cases and in other cases a specific business entity might be required to maintain compliance with the local ordinances.

Let’s take a look at an example to understand this better.

If you are planning to establish your business in Minneapolis and if your business belongs to the entertainment industry then you will require a business license depending on the type of entertainment establishment being set up. The license and fee will vary according to the following:

• Amusement: Mechanical Device
• Place of Amusement
• Place of Entertainment
• Pool and Billiard Halls
• Theater
• Shooting Galleries
• Children’s Rides
• Carnival
• Charitable Gambling
• Circus

Step#3: Issuing of Business License

How is a business license in Minnesota issued? Who issues the license? The license is issued by different state agencies and counties depending on the type of business, industry, location, and services or products offered. If you are planning to establish a Satellite Systems Contractor (SSC) business then the license will be issued by Minnesota Department of Labor and Industry (DLI). On the other hand, if you are planning to establish a Debt Collection Agency then the license will be issued by the Minnesota Department of Commerce. The business licenses are normally valid for a year.

Once you have identified the type of business and the permit or license required, you can simply go ahead and apply to the specific licensing board or state agencies or county for that particular business type.

If you have any questions regarding registration of your business or require information regarding business license in Minnesota, feel free to call us on 702-871-8678.

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Business Information & Rankings

• Minnesota ranked 3rd on the Work Environment Index. (Political Economy Research Institute, 2005)
• Minnesota ranked 8th in the State Technology and Science Index (Millken Foundation, 2005)
• Minnesota is headquarters for 19 Fortune 500 companies.
• Minnesota is typically one of the nation’s leaders in most important economic and social indicators.

Cost of Living Index

Crime Rate

Minnesota has the 19th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Business inventory is exempt.

Corporate Income Tax
Minnesota has a flat rate tax of 9.8%. Minnesota does not have a capital value tax. Unlike a corporate income tax which is imposed only on a business’ profits, a capital value tax is imposed regardless of whether a business is profitable or not.

Personal Income Tax
Minnesota’s personal income tax system consists of three separate brackets with a top rate of 7.85% starting at an income level of $61,460.

Personal Property Tax
Minnesota is one of the 38 states that collect property taxes at both the state and local levels. Most commercial and industrial property is assessed at 1.5% on the first $150,000 of market value and 2.0% of remainder.
No tax on intangible property.

State Sales and Use Tax
Base Rate: 6.5%
Machinery Rate: None

A refund for the tax on sales of capital equipment is imposed and collected at the general tax rate, and upon application by the purchaser, a refund will be paid to the purchaser.

Unemployment Insurance
Minnesota’s new employers’ rate is 2.88% for 1 year.

Once your company is set up, you will need:

1. Tax ID (EIN) – free over the Internet or phone.
2. Yearly Requirements and Fees for Mississippi companies
3. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

Mississippi additional services

• Registered Agent
• Annual Report
• EIN (Tax ID)
• More Additional Services

• Why Mississippi?
• Mississippi Registered Agent
• Mississippi Annual Requirements
• Mississippi Corporation Statutes: The Constitution of Mississippi; Title 79, Chapter 4 (Corporations)

• Why Mississippi?
• Mississippi Registered Agent
• Mississippi Annual Requirements
• Mississippi LLC Statutes: The Constitution of Mississippi; Title 79, Chapter 29

Pricing $89.00 per year, special for pre-pay $40 per year

Don’t get fooled by companies claiming the lowest price and increasing it later. Our pricing is very simple. We charge $89 per year. We also have few specials. Whenever you decide to pre-pay additional years you get them for $40/year.

Why you need a Registered Agent?

Mississippi State laws require business entities to maintain a Resident Agent in the state that you form your business. The agent’s name and office address are included in the Articles of Incorporation or Articles of Organization to give public notice of where to send important documents to your business entity.

If you need Registered agent in other State than Mississippi click here.
We offer Registered Agent service in all 50 States.

State Fee for changing Mississippi Registered Agent

For Corps: Resignation of Registered Agent – $0.00
Office Change for Registered Agent – $10.00.
For LLCs: Appointment for Registered Agent: $25.00.
Change of Registered Agent – $25.00.

Registered Agent Requirements

A registered agent in Mississippi may be an individual resident of this state, a domestic corporation, nonprofit corporation or LLC or a foreign corporation, nonprofit corporation or LLC authorized to transact business in this state. In each case, the business office must be identical with the registered office.