Minnesota Multi-Member LLC Operating Agreement Form

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Updated April 26, 2022

A Minnesota multi-member LLC operating agreement is for an LLC with more than one owner. It lets owners outline the general conduct of the business and governs their business relationships in writing. As part of this, the agreement will record the owners’ investments, percentage interests, and valuation endorsements. Minnesota law does not mandate that LLC owners complete an operating agreement, but doing so is strongly recommended.