Business and Entity Formation
If the business owner neglects to create their separate entities or does not properly form their entity, the law can hold the individual and their assets liable for the business debts. An owner needs to legally prove, through documentation and procedures, that the personal assets are operated independently from the business.
MNCLS offers a reasonable fixed fee for entity formation services plus Minnesota’s required filing fees. If there are additional needs required for the entity formation, such as extra documentation or working with third-parties, this may alter the price.
On average, it takes between one to seven days.
It all depends on the type of business and what activities you conduct in other states. A contractor building in a state must be properly registered to do business in that state. You cannot go to another state and conduct business unless you have set up your entity in that state. This could include licensing, registering as a foreign entity doing business in that state, or creating an entirely new entity domiciled in that state. We have experience setting up businesses in many different states, including the states that surround Minnesota.
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