Why incorporate in Minnesota

Business Information & Rankings

Minnesota ranked 3^rd on the Work Environment Index. (Political Economy Research Institute, 2005)
Minnesota ranked 8^th in the State Technology and Science Index (Millken Foundation, 2005)
Minnesota is headquarters for 19 Fortune 500 companies.
Minnesota is typically one of the nation's leaders in most important economic and social indicators.

Cost of Living Index

For St. Cloud, MN (2005):	Index Score
Composite:	102.7
Housing:	100.6
Utilities:	107.1
Misc. Goods & Services:	104.6

Crime Rate

Minnesota has the 19^th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax

Business inventory is exempt.

Corporate Income Tax

Minnesota has a flat rate tax of 9.8%. Minnesota does not have a capital value tax. Unlike a corporate income tax which is imposed only on a business' profits, a capital value tax is imposed regardless of whether a business is profitable or not.

Personal Income Tax

Minnesota's personal income tax system consists of three separate brackets with a top rate of 7.85% starting at an income level of $61,460.

Personal Property Tax

Minnesota is one of the 38 states that collect property taxes at both the state and local levels. Most commercial and industrial property is assessed at 1.5% on the first $150,000 of market value and 2.0% of remainder.
No tax on intangible property.

State Sales and Use Tax

Base Rate: 6.5%
Machinery Rate: None

A refund for the tax on sales of capital equipment is imposed and collected at the general tax rate, and upon application by the purchaser, a refund will be paid to the purchaser.

Unemployment Insurance

Minnesota's new employers' rate is 2.88% for 1 year.

EastBiz.com, Inc.
Our office is located at 5348 Vegas Dr., Las Vegas, NV 89108. About us.

Toll-free: (888) 284-3821
Office: (702) 871-8678
Toll-free fax: (866) 838-0363
Fax: (702) 387-3827

We are a member of the Better Business Bureau and Chamber of Commerce.

Minnesota Incorporation home page

INCORPORATE ONLINE:
Name Search - Minnesota Incorporation (Inc.) - Minnesota Limited Liability Company (LLC)
- Questions & Answers - Minnesota Registered Agent - Why Minnesota? - Minnesota Annual reports
Terms & Conditions - Privacy Notice

All U.S. States Incorporation - Registered Agent Nationwide
Small business Payroll - QuickBooks Accounting