BUSINESS COMPLIANCE CHECKLIST
Business Registration Register business name and organization with the Office of the M innesota Secretary of State Identify and apply for any necessary business, occupational, and environmental licenses and permits Minnesota ELicensing Tax Compliance • Federal Taxes: Obtain an Employer Identification Number (EIN) from the IRS. • State Taxes: Register for a Minnesota Tax ID Number from the MN Dept. of Revenue. • Sales Tax: Collect and remit sales tax if applicable. Register for a Minnesota Tax ID Number from the MN Dept. of Revenue. • Income Taxes: File federal and state income tax returns. • Withhold and remit federal and state FICA and Medicare taxes: - IRS - Publication 15, (Circular E), Employer's Tax Guide - MN Dept. of Revenue: New Employer Guide Unemployment Insurance • Register with the Minnesota Unemployment Insurance (UI) Program • File quarterly wage reports and pay unemployment insurance taxes. Workers Compensation • Obtain workers’ compensation insurance for your employees. • Report any workplace injuries and illnesses Paid Leave • (Effective January 1, 2026) Comply with Minnesota’s Paid Leave requirements for employers. Employment Standards
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