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Minnesota LLC Operating Agreement Templates (2)

A Minnesota limited liability company operating agreement is often recommended when forming an LLC. Minnesota business owners are free to choose to institute either a verbal or a written agreement; however, a signed and notarized agreement exhibits the power needed to verify a signature member’s willingness to adhere to its rules and provisions.  This agreement should be utilized by both multi-member LLCs in Minnesota and single-member LLCs with the suggestion that the Minnesota members make sure that a professional, such as an attorney or an accountant, is consulted before its execution.

Is it Required in Minnesota?

No. No Minnesota laws require an operating agreement’s execution for a limited liability company to be organized or to continue functioning.

Templates (2)

Single-Member LLC operating agreement – To be utilized by LLCs with only (1) one member.


Download; Adobe PDF, MS Word

Multi-Member LLC operating agreement – The contract used by LLCs with at least (2) two members.


Download; Adobe PDF, MS Word

State Definition

“Subd. 17 – “Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all.