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| Minnesota Articles of Organization Attorney Essentially, a business is begun by filing Articles of Organization with the Secretary of State in Minnesota. No Operating Agreement is required–but if one is not used the default provisions of business statutes apply, which many organizers will not want.
The Operating Agreement can be entered into either before or after the filing of the Articles of Organization but must be filed within 90 days of the filing date of the Articles of Organization.
The Articles of Organization must contain the following:
- The name of the LLC, which must include either “Limited Liability Company” or “LLC” as the last words of the name. Also, the name may not contain certain words and the name must not be the same as or misleadingly similar to the name of any other Minnesota business.
- The latest date on which the business is to dissolve. Any date may be chosen, but generally the organizers will want to choose a date 30 or 40 years in the future. The members can always dissolve the business earlier if they like.
- The LLC may have any purpose, except that it cannot conduct banking, insurance or trust company business or professional-corporation types of business (law, accounting etc.).
- The name and address of the Resident Agent, which must be an individual living in Minnesota or a corporation. If an individual is designated a P.O. Box cannot be used; only a street address for his/her residence or business is accepted.
- The Articles must indicate whether the LLC will be managed by one manager, more than one manager, or by all members and must be filed with the Secretary of State in the Statement of Information within 90 days of filing the Articles of Organization.
- The Articles must be submitted with original signatures of the organizer(s); faxes and photocopies are not accepted.
Contact the Hoffman Law Offices of Minnesota today to receive your free consultation about Minnesota Business Organization law today.
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| locations Faribault, MN Northfield, MN Le Center, MN Minnetonka, MN Waseca, MN
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At Hoffman, Carlson, Lundblad, Zrimsek, Crosby and George, Attorneys at Law, our experienced Minnesota lawyers serve clients needing real estate, family law, business law, criminal defense, bankruptcy, and alternative dispute resolution legal counsel in Faribault , Northfield , Le Center , Minnetonka, Waseca, Rice County, Le Sueur County, Waseca County and Hennepin County, MN | Website Disclaimer | Copyright 2008 J.P. Hoffman Law Offices | Website Design: Mind Expressions
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