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You are here: Home / S Corporation Kits for All Fifty States / Setting Up a Minnesota S Corporation

Setting Up a Minnesota S Corporation

minnesotaIs your business in the Land of 10,000 Lakes seemingly paying $10,000 more in taxes than it should?  Perhaps you should consider an s-corporation.  This simple election with the IRS could save your existing or future business up to 15.3% on some portion of your income.  Pretty sweet deal!  Our kit comes with step-by-step instructions on setting up a Minnesota entity eligible to make the s-election (this is important if you are not already operating as a corporation or LLC), how to get an EIN, filing Form 2553 to make the Subchapter S election, and governing documents, like a corporate bylaws or an LLC operating agreement.

Our Minnesota S Corporation kit

As mentioned above, there are two different entities that can opt to be taxed as s-corporations.  Option one, which is our recommendation, is using a limited liability company as the “base.”  We tend to endorse the LLC because there is less “red tape” involved than going with a corporation.  It also have some tax flexibility and protects personal assets.  You can read some of the pros and cons of using a corporation in the additional resources below.

Option #1, the “LLC base,” is available here:

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Option #2, the “corporation base,” is available below:

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Every e-book and kit we sell comes with a full refund offer.  If you are unsatisfied with your purchase or still think the process is too difficult, send us an email.  We will be happy to issue a refund.

Additional Resources

How Are Corporations Taxed?: As mentioned above, you can compare how a “regular” or c-corporation is taxed compared to an s-corp.

DPAD Deductions for Small Business: Do you manufacture, produce, grow, or extract property?  Check out this article!

IRS.gov: S Corporations: The Internal Revenue Service site relating to, you guessed it — s-corps.

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