The name shall contain the word "Corporation," "Incorporated," "Limited" or the abbreviation thereof, or it shall contain the word "Company" or the abbreviation "Co.," but only if it is not immediately preceded by the word "and" or the character "&." The name must not be deceptively similar to the name of any other domestic corporation, limited partnership, limited liability partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability partnership or foreign limited liability company authorized to do business in the state, unless: (1) the other business is about to change its name, cease business, dissolve or withdraw, and (2) written consent from that business is obtained.
The following are Minnesota’s requirements for directors of corporations:
- Minimum number.
Corporations must have one or more directors.
- Residence requirements.
Minnesota does not have a provision specifying where directors must reside.
- Age requirements.
Directors must be at least 18 years old.
- Inclusion in the Articles of Incorporation.
Director names and addresses are required to be listed in the Articles of Incorporation.
Requirements for the Articles of Incorporation
The document required to form a corporation in Minnesota is called the Articles of Incorporation. The information required in the formation document varies by state. Minnesota's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.
- Registered agent.
Corporations must list the name and address of a
with a physical address (no post office boxes) in Minnesota. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.