How To Start A Business In Minnesota

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How to Start a Business In Minnesota

Here is some information to help get your new business registered.
Getting started– The state of Minnesota has two websites to help you get your business started: https://mn.gov/deed/business/starting-business/ and   http://www.sos.state.mn.us/business-liens/start-a-business/how-to-start-a-business-in-minnesota/

One of the first things you will need to do is register your new business name.

Find out more about registering a fictitious name or DBA (“Doing Business As”) here:  http://www.sos.state.mn.us/business-liens/start-a-business/naming-your-business/

If you need help choosing a business name: 12 Tips to Help Choose a Business Name

Before registering your business, you will need to select your business structure.

Sole-proprietor, LLC, Partnership, Corporation, etc.  Find out more here: http://www.sos.state.mn.us/business-liens/start-a-business/types-of-minnesota-businesses/

You will need to register your new business with the state of Minnesota.

You can register your business with the state of Minnesota here:http://www.sos.state.mn.us/business-liens/start-a-business/how-to-register-your-business/

You will need to open a business account at your bank.

You will need to open a separate bank account for your business with your new business name.

You will need to register your business for tax purposes and may want to hire an accountant.

If you are a small business, it won’t be too difficult to file your own taxes.  As you grow, it will be easier to have an accountant do the work. More info about taxes here: http://www.revenue.state.mn.us/businesses/Pages/Business-Registration.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

You may want to get some form of liability insurance.

You may consider some type of liability insurance, depending on what type of business you will be starting.