• Organizers file the articles of organization, along with the required processing fees, with the Minnesota Secretary of State. Once the filing is officially approved, the business begins its existence, as a separate legal entity.
• First, choose the name of your LLC. The name must be clearly different from the name of another business. So, at no extra charge, Proactive Management will perform three name searches to determine if your desired name(s) are available.
• This name must also include one of the following phrases "limited company" or "limited liability company" or "LLC."  It must not contain the words "corporation" or "incorporated" or an abbreviation of these words and must not contain a word or phrase that implies it is organized for a purpose other than a legal business purpose.
• The Articles of Organization will address
  • The name and place of residence of each organizer, along with the signature of at least one organizer.  Organizers must be a natural person at least 18 years old.
  • Unless otherwise provided, the shall LLC have a general business purpose or purposes, unless some other statute of this state requires organization for any of those purposes under a different law.
  • The street address of the firm's registered office and the name of the registered agent at that location.  The registered agent must maintain a business office that is identical wit the registered office.
  • A limited liability company shall have one or more members and have one or more natural persons exercising the functions of the offices, however designated, of chief manager and treasurer.
  • The duration of the LLC's existence is perpetual

Disclaimer - Not Providing Legal Services - Proactive Management, Inc. presents the material on this site as general information only. It is not offered as and does not constitute legal advice or legal opinion and should not serve as a substitute for advice from an attorney or accountant familiar with the facts of your specific situation. We provide business formation services. We are not a law firm and do not provide legal or tax advice or services. We make no warranty, express or implied concerning the accuracy or reliability of the content at this site or at other sites to which we link.