A Guide To STARTING A BUSINESS IN MINNESOTA 43rd Ed 2025

Occupational Health and Safety • Comply with Minnesota OSHA (MNOSHA) standards. • Maintain a safe workplace and conduct regular safety training. Recordkeeping and Reporting •·Maintain accurate financial records.

• File an annual business activity report with the Minnesota Department of Revenue. • Keep employee records, including payroll and tax documents. See A Guide To STARTING A BUSINESS IN MINNESOTA Environmental Regulations • Comply with state and federal environmental regulations if applicable to your business. Data Privacy and Security • Implement measures to protect customer and employee data. • Comply with data breach notification laws. If you are selling stock: Registered Securities Offerings • Securities & Exchange Commission (SEC) • Exempt Offerings Under Regulation D (Rule 504; Rule 505; Rule 506(b); Rule 506(c) • Intrastate Exemption (Rule 147) If you are Crowdfunding: • Minnesota Crowdfunding Offerings • MN Vest: MN Department of Commerce Securities Division Local Regulations and Zoning • Contact your city and county offices.

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