Startup Costs in Minnesota

LLC Fee
$155
Sales Tax
6.88%
Min Wage
$11.41/hr

Minnesota's Twin Cities metro offers a strong consumer base with above-average household incomes and a culture that supports local businesses. The state has one of the highest top income tax rates in the country, which impacts profitable businesses. However, there is no LLC annual report requirement, and the Minneapolis-St. Paul market is large enough to support most business types.

Cities: Minneapolis, Saint Paul, Rochester, DuluthIndustries: Healthcare, Finance, Manufacturing, Retail

Minnesota Cost Guides (10)