Updated February 10, 2022
A Minnesota partnership agreement is a record that breaks down business operations under two or more parties. It normally settles dispute resolution, dissolution, duration, ownership interests, and liabilities. The contract should be as specific as possible to reduce future confusion.
Partnership Types
- General Partnerships (GP) – Chapter 323A (§§ 0101-1203)
- Limited Partnership (LP) – Chapter 321 (§§ 0101-1208)
- Limited Liability Partnership (LLP) – Chapter 323A (§§ 1001-1004)
- Limited Liability Limited Partnership (LLLP) – § 321.0108
- Limited Liability Companies (LLC) – Chapter 322C (§§ 0101-1205)