Florida vs Minnesota LLC Cost (2026): $264 vs $135
Side-by-side LLC formation cost comparison for Florida and Minnesota: filing fees, annual report costs, processing time, and tax implications.
Forming an LLC in Minnesota costs $135 in year one — $129 cheaper than Florida ($264).
Florida
Minnesota
Lower CostFull LLC Cost Comparison: Florida vs Minnesota
| Factor | Florida | Minnesota |
|---|---|---|
| State filing fee (one-time) | $125 | $135 |
| Annual report fee | $139 / per year | $0 / per year |
| Processing time | 3–5 business days | 3–5 business days |
| State income tax | No income tax | Yes |
| First-year total | $264 | $135 |
Minnesota saves you $129 in year one compared to Florida.
Florida LLC Notes
Florida has no personal income tax, making it popular for small business owners.
Minnesota LLC Notes
Minnesota charges no fee for the annual renewal filing.
Which State Should You Actually Use?
For most small businesses, form your LLC where you actually do business — not where the filing fee is cheapest. If you operate in Florida, form there. If you operate in Minnesota, form there.
- Forming in your home state: Simpler compliance, no registered agent needed in another state, no foreign qualification fees.
- Forming in Wyoming or Delaware: Makes sense for investor-backed startups, multi-member LLCs with complex ownership structures, or businesses operating in multiple states.
- Key cost trap: If you form in Florida but operate in Minnesota, you'll pay both states' fees — eliminating any savings.
Compare More LLC Formation Costs
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