NAICS 561440 · Minnesota

Collection Agencies Business Names in Minnesota

Minnesota has 60 collection agencies locations, ranking #17 of 50 states and D.C. and making up 1.9% of the U.S. total.

Name ideas for a Minnesota collection agencies business

Before you commit, search the Minnesota business entity database (linked below) to make sure the name is not already registered there.

Collection Agencies in Minnesota by the numbers

60Business locations (establishments)
3,400Paid employees (mid-March)
$195,604,000Annual payroll
$57,531Average pay per employee
56.7Average employees per location
#17 of 50Rank among states
1.9%Share of U.S. locations

Locations by number of employees in Minnesota

1-418
5-96
10-1913
20-495
50-997
100-2497
250-4994

Source: U.S. Census Bureau, County Business Patterns 2022. Counts cover employer establishments (businesses with paid employees); self-employed owners without staff are not included. Small establishments with 1–4 employees include those that reported no paid employees in mid-March.

Register your business name in Minnesota

In most states you check name availability and form an LLC or corporation through the Secretary of State (or equivalent) office, then register with the state tax and labor agencies if you will collect sales tax or hire employees. Official Minnesota links:

Official state agency links as listed by the IRS on its Minnesota state links page. Filing fees and steps change, so confirm current requirements with the agency before you file.

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Other states for collection agencies

See the national collection agencies page → · Top industries in Minnesota →