Required in Minnesota?
No. Businesses in Minnesota are not required to implement an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – For a company with only one owner, to establish the company’s general operations in writing and separate the owner’s personal property from the business’s obligations.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For a company with multiple owners, to control their business relationships and the company’s internal affairs.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“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 the members of a limited liability company, including a sole member, concerning the matters described in section 322C.0110, subdivision 1. The term includes the agreement as amended or restated.