--- title: Minnesota's 2016 Angel Tax Credit description: The Minnesota legislature has enacted an extremely inviting and beneficial program for qualified Minnesota businesses. In 2016, the state is making available $15 million in credits to businesses for assistance in their operations. Of that, $7.5 million is earmarked for female or minority owned business. --- [Dan's Desk](https://www.gallatin-law.com/blog/author/dan-gallatin) - [lawyer](https://www.gallatin-law.com/blog/tag/lawyer) - [hugo](https://www.gallatin-law.com/blog/tag/hugo) - [MN](https://www.gallatin-law.com/blog/tag/mn) - [law](https://www.gallatin-law.com/blog/tag/law) - [attorney](https://www.gallatin-law.com/blog/tag/attorney) - [legal](https://www.gallatin-law.com/blog/tag/legal) [Subscribe](https://www.gallatin-law.com/blog/minnesota-2016-angel-tax-credit#) 11/18/2015 # Minnesota's 2016 Angel Tax Credit - - - - - [mailto:?subject=Minnesota%27s%202016%20Angel%20Tax%20Credit&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Fminnesota-2016-angel-tax-credit](mailto:?subject=Minnesota%27s%202016%20Angel%20Tax%20Credit&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Fminnesota-2016-angel-tax-credit) The Minnesota legislature has enacted an extremely inviting and beneficial program for qualified Minnesota businesses. In 2016, the state is making available $15 million in credits to businesses for assistance in their operations. Of that, $7.5 million is earmarked for female or minority owned business. The paperwork to be submitted is not particularly onerous. But, the paperwork your company needs to have in place to qualify for this financial benefit is not quite as easy. Properly documenting your ownership, transfers of ownership, and titles within your company can both help you qualify for this tax credit and prevent you from being investigated for defrauding the State. More information on this program is available [here](http://mn.gov/deed/business/financing-business/tax-credits/angel-tax-credit/). If you have any questions about the paperwork requirements for you and your business, please [contact Dan](https://gallatin-law.com/pages/contact-us) for help navigating your way. The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice from an attorney. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced attorney. All information contained in links are the property of the linked site. - [Angel Tax Credit](https://www.gallatin-law.com/blog/tag/angel-tax-credit), - [business law](https://www.gallatin-law.com/blog/tag/business-law), - [credit](https://www.gallatin-law.com/blog/tag/credit), - [business](https://www.gallatin-law.com/blog/tag/business), - [finance](https://www.gallatin-law.com/blog/tag/finance), - [investing](https://www.gallatin-law.com/blog/tag/investing), - [law](https://www.gallatin-law.com/blog/tag/law), - [lawyer](https://www.gallatin-law.com/blog/tag/lawyer), - [minnesota](https://www.gallatin-law.com/blog/tag/minnesota), - [MN](https://www.gallatin-law.com/blog/tag/mn), - [tax](https://www.gallatin-law.com/blog/tag/tax) ![Dan Gallatin](https://www.gallatin-law.com/hubfs/assets-mjfw/site%20images/Dans-Desk.jpg) ## [Dan Gallatin](https://www.gallatin-law.com/blog/author/dan-gallatin) Dan is a lifelong resident of Minnesota. Born in St. Paul, Dan spent many of his formative years growing up there before moving to White Bear Lake. After graduating from White Bear Lake, Dan spent four glorious years at the University of Wisconsin-Madison, earning a degree in two majors. Dan worked as a Senior Investigator at the Minnesota Department of Commerce for several years after graduating from college. During his final years Dan attended William Mitchell College of Law while still working full-time. During this exhausting 3 ½ year period Dan honed his skills in becoming an efficient, to-the-point legal practitioner. While at Madison Dan met his wife, Tonya, and together they moved to Minnesota to plant their roots. Dan and Tonya have two amazing, unique children and reside in Hugo. ### CONNECT WITH ME - ## Related Posts [01/15/2020 Capacity to Execute a Will or Trust The ability to execute a valid, binding will in Minnesota is dependent upon the testator's capacity. Minnesota law is interesting in that a person's… Read Post ](https://www.gallatin-law.com/blog/capacity-to-execute-a-will-or-trust) [10/28/2015 LLCs - Minnesota Makes a Major Move Minnesota has shifted its Limited Liability Company, or LLC, legal landscape to comport with the rest of the country. Read Post ](https://www.gallatin-law.com/blog/llcs-minnesota-makes-a-major-move) ### Subscribe Here! ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dan Gallatin", "url" : "https://www.gallatin-law.com/blog/author/dan-gallatin" }, "dateModified" : "2020-08-21T23:01:51.759Z", "datePublished" : "2015-11-18T06:00:00.000Z", "headline" : "Minnesota's 2016 Angel Tax Credit", "mainEntityOfPage" : { "@id" : "https://www.gallatin-law.com/blog/minnesota-2016-angel-tax-credit", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.gallatin-law.com/hubfs/logos/Gallatin-Logo-654x84.png" }, "name" : "Gallatin Law, PLLC" } } ```