BUSINESS COMPLIANCE CHECKLIST
Business Registration Register business name and organization with the Minnesota Secretary of State Office 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 in 2026) Comply with Minnesota’s paid leave requirements for employees. Employment Standards • Wage and Hour Laws. - Comply with Minnesota minimum wage, overtime, and child labor laws - Comply with Minnesota's Employees Safe and Sick Time (ESST) Provide paid sick and safe time to employees as required by local ordinances.
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