i Table of contents 348

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

PREFACE		4
TABLE OF CONTENTS		5
5 STEPS TO START YOUR BUSINESS IN MINNESOTA		8
CHOOSING THE FORM OF BUSINESS ORGANIZATION		10
TAX AND NON-TAX CONSIDERATIONS		10
NAMING THE BUSINESS ENTITY		42
FORMING A SOLE PROPRIETORSHIP		48
FORMING A PARTNERSHIP		49
FORMING A MINNESOTA BUSINESS CORPORATION		53
FORMING A MINNESOTA LIMITED LIABILITY COMPANY		60
SPECIAL TYPES OF BUSINESS ORGANIZATIONS		65
FILING DOCUMENTS WITH THE OFFICE OF THE MINNESOTA SECRETARY OF STATE		71
OFFICE OF THE MINNESOTA SECRETARY OF STATE FEE SCHEDULE FOR BUSINESS ENTITY FILINGS		73
REGULATORY CONSIDERATIONS		78
SECURITIES REGISTRATION		78
FRANCHISE REGISTRATION		86
EVALUATING A BUSINESS OPPORTUNITY		88
BUSINESS LICENSES AND PERMITS		91
ENVIRONMENTAL PROTECTION PROGRAMS		93
BUSINESS COMPLIANCE CHECKLIST		99
INTELLECTUAL PROPERTY PROTECTION		101
BUSINESS PLAN		102
ACCOUNTING FOR THE NEW BUSINESS		106
BASIC ACCOUNTING PRINCIPLES		106
INCOME FORECASTING TECHNIQUES		107
BUSINESS GRANTS		112
BUSINESS LOANS		113
PUBLIC SOURCES OF FINANCING – FEDERAL PROGRAMS		115
PUBLIC SOURCES OF FINANCING / TAX CREDITS – STATE PROGRAMS		119
PUBLIC SOURCES OF FINANCING – LOCAL PROGRAMS		133
PRIVATE SOURCES OF FUNDS		133
INSURANCE		135
ISSUES FOR EMPLOYERS		138
WHO IS AN EMPLOYEE?		138
EMPLOYMENT AGREEMENTS		144
LABOR STANDARDS		146
REST BREAKS AND LEAVE TIME		167
EMPLOYEE TESTING AND BACKGROUND CHECKS		174
EMPLOYMENT OF MINORS		177
PROTECTION OF EMPLOYEES WHO REPORT VIOLATIONS OF LAW		181
HUMAN RIGHTS		183
IMMIGRATION LAW COMPLIANCE		190
OCCUPATIONAL SAFETY AND HEALTH		192
WORKERS’ COMPENSATION INSURANCE		199
EMPLOYEE BENEFITS		205
PLANT CLOSINGS		207
POSTER REQUIREMENTS		208
CHECKLIST FOR HIRING AN EMPLOYEE		211
BUSINESS TAXES		223
TAX IDENTIFICATION NUMBERS		224
BUSINESS INCOME TAX RETURNS		228
SALES AND USE TAX		237
INCOME TAX WITHHOLDING		243
SUCCESSOR LIABILITY FOR CERTAIN TAXES WHEN A BUSINESS OR ITS ASSETS ARE TRANSFERRED		250
UNEMPLOYMENT INSURANCE TAXES		251
FEDERAL TAX REQUIREMENTS		259
STATE OF MINNESOTA TAX REQUIREMENTS		260
SOURCES OF INFORMATION AND ASSISTANCE		262
STATE PROGRAMS		262
SMALL BUSINESS ASSISTANCE OFFICE		262
SMALL BUSINESS DEVELOPMENT CENTERS (SBDCs)		263
MINNESOTA TRADE OFFICE		264
MINNESOTA BUSINESS FIRST STOP		266
LAUNCH MINNESOTA		266
VOCATIONAL REHABILITATION SERVICE		266
EMPLOYMENT AND TRAINING PROGRAMS		267
MINNESOTA JOB SKILLS PARTNERSHIP		268
DISLOCATED WORKER PROGRAM		269
MINNESOTA FEDERAL BONDING SERVICE		269
UNIVERSITY OF MINNESOTA EXTENSION		269
GOVERNMENT PROCUREMENT ASSISTANCE		270
FEDERAL PROCUREMENT		270
STATE PROCUREMENT		274
LOCAL PROCUREMENT		276
ACCOUNTING AND TAX ASSISTANCE		277
PUBLIC ACCOUNTANTS		277
TAXPAYER EDUCATION WORKSHOPS		279
ENROLLED AGENTS		279
LIBRARIES		279
ADDITIONAL SOURCES OF ASSISTANCE		283
SPECIALIZED LEGAL RESEARCH AND ASSISTANCELegalCORPS,		283
MANAGEMENT ASSISTANCE FOR MINORITY BUSINESSES		283
INCUBATORS		283
INVENTORS RESOURCES		283
MINNESOTA STATE		284
REGIONAL DEVELOPMENT COMMISSIONS		284
EXPORT / IMPORT ASSISTANCE		284
SCORE		285
WOMEN OWNED BUSINESS ASSISTANCE		285
BUSINESS CERTIFICATION		286
BUSINESS SUCCESSION AND EXIT PLANNING		286
RESOURCE DIRECTORY		288
COOPERATIVES		290
ENVIRONMENTAL		290
EXPORT / IMPORT ASSISTANCE		290
FINANCING, FEDERAL SOURCES		290
FINANCING / TAX CREDITS, STATE SOURCES		292
FINANCING, LOCAL SOURCES		294
FINANCING, PRIVATE SOURCES		296
GOVERNMENT, FEDERA		298
GOVERNMENT, STA		301
GOVERNMENT, REGIONAL		309
INSURANCE		310
INVENTORS		310
JOB SERVICE and JOB TRAINING		311
LEGAL ASSISTANCE		313
LIBRARIES		314
LOCAL ASSISTANCE FOR SMALL BUSINESSES		317
MANAGEMENT ASSISTANCE / MENTORS		319
MANAGEMENT / BUSINESS DEVEOPMENT ASSISTANCE FOR MINORITY OWNED BUSINESSES		322
PROCUREMENT / PURCHASING / CERTIFICATION / OTHER ASSISTANCE		323
FEDERAL CONTACTS		324
STATE CONTACTS		324
REGIONAL / COUNTY / CITY CONTACTS		324
OTHER		325
TAX AND ACCOUNTING ASSISTANCE		325
ADDITIONAL RESOURCES		325
ADA INFORMATION		325
COUNTY LICENSING AGENTS		325
CITY LICENSING CONTACTS		326
CO-WORKING / CREATIVE / INCUBATOR SPACES		326
NONPROFIT INFORMATION		328
OTHER		328
DIRECTORY OF LICENSES AND PERMITS		330

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