The first step in forming an LLC or corporation in Minnesota is to verify the business name is available to use. Each business entity that is registered with the Minnesota Secretary of State must use a unique name. See our step-by-step guide to learn how to quickly search available names by using the state’s Business Entity Database.
How to do a Minnesota Business Name Search
Step 1: Visit the Business Name Database
Visit the Minnesota Secretary of State website.
Step 2: Search your Business Name
Enter the name you would like to use in the “Business Name” field. In this example, we will look up “Lawn & Order” and then click “Search”.
Step 3: Review the Results
Searching the registered names, we get a list of all the businesses with the words “Lawn & Order”. To be able to register a corporation or LLC name in Minnesota, the name must be distinguishable from the other names registered. If you were looking to form an LLC with this name you wouldn’t be able to since there is already one registered.
To find more information about each of the registered business names, click on the link labeled “Details”.
While the name “Lawn & Order LLC” isn’t available, an example of an available name is “Cowboy Cleaners”. Searching for this business name, brings a result that says “No results match the criteria entered.” While final approval is still with the Secretary of State, it is likely available to register.
These are the basics of searching for a business name in Minnesota. Even when the name of the business you want is available, the Secretary of State will make a final determination at the time of filing to ensure the name you picked isn’t too similar to other registered names.
What information can be looked up in the name database?
The database search can find several pieces of information about the business. Some of the highlights include:
- Business Name
- Business Type – Corporation, Limited Liability Company. Etc.
- Filing Date – Date the entity was filed with the Secretary of State
- Status – Good standing means all reports and filing fees are up to date
- Registered Office Address – This could be the physical address of the business or it could be an address where business records are stored.
- Registered Agent’s information – A Registered Agent in Minnesota is the singular point of contact for the entity should a legal or tax notice need to be sent to the business. This is often one of the owners and if their home address is used, that address becomes public information. Many people find this concerning and use a Registered Agent service like Northwest Registered Agent so their home address isn’t listed.
- Names of the Registered Agent (s)
How to Register an Assumed Name for Sole Proprietorships and Partnerships
An Assumed Name, also known as “Doing Business As,” DBA, Trade Name or Fictitious Name is a name used by a sole proprietorship or partnership and is different from the owner’s legal name.
What are the requirements to name an LLC in Minnesota?
In addition to the name being unique, the name of the LLC must include a special designator such as Limited Liability Company, LLC, L.L.C., etc., in addition to not using restricted words such as bank or insurance, unless the entity is licensed to operate as such.
Can an LLC name be reserved?
If there is a name you want to use but aren’t ready to form the LLC, the Request for Reservation of Name can be filed to hold the name for up to 1 year. The state filing fee for a name reservation is $35, paid to the Secretary of State.
How do I form an LLC?
Before starting your business and forming an LLC, be sure to do the business entity search first to make sure the name is available to use. Once you know the LLC name is available, learn how to form a Minnesota LLC by reading our step-by-step guide.
While not required in Minnesota, an Operating Agreement, which are the rules for how the LLC operates, may be a document worth considering especially for multi-member LLCs.
After forming a Limited Liability Company, be sure to get an Employer Identification Number (EIN). This is a “social security number” for the business. There is no cost to get one through the IRS.
Also, be sure to check for Minnesota business licenses and permits to make sure the business is legal to operate.