I'm trying to set up an LLC in Minnesota. I live out of state but want a Minnesota business address. Can I use a virtual office service that provides a street address and mail forwarding? The MN Secretary of State website says the registered agent must have a physical address in the state, but does the LLC itself need a physical office? I'd rather not pay for a full office lease just for a mailing address. Any experiences?
Is it possible to use a virtual office for a Minnesota LLC?
Virtual office is fine for the business address as long as it's a real street address. The registered agent needs a physical location where they can be served, but that can be a commercial registered agent service or a virtual office that offers that. Just make sure the servicqe explicitly allows use as a registered agent address in MN.
I used a virtual office in Minneapolis for my LLC. The SOS accepted it. No problems so far. But I also used a separate registered agent service because the virtual office didn't want to be the agent. Cost about $50/month for the virtual office and $100/year for the agent.
What NorthShoreNina said. The key is the registered agent address. If you use a virtual office that also acts as your registered agent, that's one thing. But if you just use a virtual mailbox and list yourself as agent with that address, you might get rejected if they can't verify it's a physical office.
Check with the service first. Some virtual offices are just mail drops and the SOS might not accept them. I recall MN requires a physical address for the registered agent, not a PO box. A virtual office that gives you a suite number and street address should be okay, but it's better to call the SOS directly and ask. They're helpful.
I think you can use a virtual office for the LLC's principal place of business, but the registered agent must be a physical person or company at a physical address. So if your virtual office is just a mailbox, you need a separate registered agent. If it's a full virtual office with a physical location, you might be able to use it for both.
Actually, Minnesota doesn't require you to list a princiapl office address on the LLC formation documents. You only need a registered agent with a Minnesota street address. So you could use a virtual office for your business mailing address and a commercial registered agent for the official address. That's what I did.
But doesn't the LLC need a physical address somewhere? I thought the SOS requires a physical address for the registered agent only. The business itself can have any address. I'm not a lawyer, but that's my understanding.
That's right. The registered agent address is the only one that has to be a physical Minnesota address. Your LLC's main address can be out of state. But if you want a Minnesota business address for other purposes, a virtual office works.
Thanks for the replies. I'll look into a virtual office that also offers registered agent service to keep it simple. I'll let you know how it goes.