Is a Food Truck Profitable in Minnesota?
The food truck industry in Minnesota is seeing significant growth as we head into 2026. Local demand for these services remains strong, driven by Minnesota's expanding economy and population. For entrepreneurs willing to follow the correct compliance steps, starting a Food Truck offers a path to sustainable revenue and independence.
However, profitability depends entirely on proper legal structuring. Operating without a formal entity puts your personal assets at risk.
The 3 Legal Steps to Launch
To operate legally and avoid state fines, you must follow these three foundational steps. Skipped steps are the #1 reason for business application rejections in Minnesota.
Form an LLC (Limited Liability Company)
To officially form your LLC, you must file the 'Articles of Organization' with the Secretary of State.
Get Your Federal EIN
The current processing time in Minnesota is roughly 2-3 business days. You can skip this wait by using an expedited filing service.
Open a Business Bank Account
Never mix personal and business funds. Doing so ("piercing the corporate veil") can void your LLC protection. Use your EIN and LLC formation documents to open a dedicated account at a local Minnesota bank.
Cost of Starting in Minnesota
The cost to launch a Food Truck varies, but here are the mandatory state fees you should budget for in 2026:
| Item | Estimated Cost |
|---|---|
| State Filing Fee (LLC) | $155 |
| Expedited Service | Available |
| Annual Report | Varies |
| Total Mandatory Cost | $155 |
* Fees are payable to the Secretary of State and are subject to change.