Are you a business owner in Minnesota? Or, maybe you’re considering launching your next venture in the North Star State? Then you’ve come to the right place! Here you’ll find guidance on how to start a business, fund your business, operate your business, hire employees, file for taxes, stay compliant in your state, and more.
Bookmark this page and keep checking back to track new legislation and developments in Minnesota that may affect your company. Now, let’s dive in!
How to register your business in the state of Minnesota
First thing is first: Here is how you register your new business in Minnesota.
Find funding for your Minnesota-based business
Every business, whether new or established, requires funding. Luckily, there are business loans and grants specifically designed for Minnesota-based businesses. Check out the Minnesota business funding page to find a loan or grant that’s a fit for your company.
How to file and pay business taxes in Minnesota
Navigating the tax landscape can be complex—especially for busy business owners. Here is an up-to-date tax guide for Minnesota businesses and a guide to Minnesota tax incentives.
Managing employees in Minnesota
- Are you calculating employee paychecks? Use this Minnesota salary paycheck calculator to determine withholdings and calculate take-home pay for your employees in Minnesota. (We do the math for you.)
- Need to calculate hourly employee paychecks? We’ve got a Minnesota hourly paycheck calculator, too.
- Hiring in the Minneapolis-St. Paul area? Here’s data on average salaries by industry.
| Minimum wage in Minnesota | SUI tax rate in Minnesota | Minnesota DOL website |
| $8.63 per hour if the company has gross revenue less than $500,000; $10.59 per hour if gross revenue is $500,000 or more Same as above for tipped employees | New employer tax rate: varies Tax rate range: 0.1% – 8.9% Wage base: $40,000 | Department of Labor |