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Minnesota Multi-Member LLC Operating Agreement

A Minnesota multi-member LLC operating agreement is a legal document that clarifies the purpose, mission, activities, and ownership of a company jointly owned by multiple members. In this context, members can refer to either individuals or corporations. The agreement establishes expectations around each member’s duties and interests, so it can be critical in the event of a dispute. The document can also protect members’ personal assets from lawsuits.

Minnesota Multi-Member LLC Operating Agreement