Minnesota Articles of Organization (Cooperative) are documents used to form a cooperative in the state of Minnesota. A cooperative is a business owned and operated by its members in order to provide mutual benefit to its members. The Articles of Organization must include the name of the cooperative, its purpose, its place of business, and the names and addresses of its incorporates and board of directors. It must be signed by the incorporates and filed with the Minnesota Secretary of State. There are two types of Minnesota Articles of Organization for Cooperatives: the Minnesota Cooperative Corporation Act and the Minnesota Limited Cooperative Association Act. The Minnesota Cooperative Corporation Act requires that the Articles of Organization include the name of the cooperative, its purpose, its place of business, and the names and addresses of its incorporates and board of directors. The Minnesota Limited Cooperative Association Act requires that the Articles of Organization include the name of the cooperative, its purpose, its place of business, the names and addresses of its incorporates and board of directors, and the names and addresses of the managers or managing board of the cooperative. Both types of Articles of Organization must be signed by the incorporates and filed with the Minnesota Secretary of State.
Minnesota Articles of Organization (Cooperative)
Description
How to fill out Minnesota Articles Of Organization (Cooperative)?
If you’re searching for a way to properly complete the Minnesota Articles of Organization (Cooperative) without hiring a legal professional, then you’re just in the right place. US Legal Forms has proven itself as the most extensive and reliable library of formal templates for every individual and business scenario. Every piece of paperwork you find on our web service is drafted in accordance with federal and state regulations, so you can be certain that your documents are in order.
Adhere to these simple instructions on how to get the ready-to-use Minnesota Articles of Organization (Cooperative):
- Make sure the document you see on the page complies with your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Type in the document title in the Search tab on the top of the page and choose your state from the list to find an alternative template if there are any inconsistencies.
- Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
- ​Log in to your account and click Download. Sign up for the service and select the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The document will be available to download right after.
- Decide in what format you want to get your Minnesota Articles of Organization (Cooperative) and download it by clicking the appropriate button.
- Add your template to an online editor to complete and sign it rapidly or print it out to prepare your paper copy manually.
Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded templates in the My Forms tab of your profile any time you need it.
Form popularity
FAQ
LLCs are the best form for entities that prefer having owners to employees. C corporations are designed to raise outside capital and have the structure to allow for preferred, non-voting shares. Cooperative corporations are designed for democratic ownership. C corporations are the only entity that is double taxed.
A cooperative, often called a co-op, is any association of members of a similar profession or industry that work together to process, prepare, market, handle products and supplies.
Cooperatives, like other private busi- nesses, are organized ing to a State statute. Persons who form a cooperative may choose from several incorporation statutes. Most cooperatives are organized under a cooperative incorporation statute of the State where the association's head- quarters is located.
A local cooperative is a centralized cooperative ? individual producers make up the membership. A centralized regional may serve members in a large geographi- cal area, and have one central office, one board of directors, and a manager (chief executive officer) who supervises the entire operation.
Minnesota law authorizes cooperatives to engage in a variety of business practices. For example, a cooperative may buy, sell, or deal in its own products, the products of the cooperative's individual members or patrons, the products of another cooperative or association, or of its members or patrons.
Cooperatives are businesses owned by ?member-owners?. Co-ops are democratically controlled by their member-owners, and unlike a traditional business each member gets a voice in how the business is run. Services or goods provided by the co-op benefit and serve the member owners.
Agriculture cooperatives such as Blue Diamond or Land O'Lakes are examples of producer cooperatives. Consumer co-ops: Customers who purchase goods and services from the cooperative own a consumer co-op. Grocery co-ops are a well-known example of consumer cooperatives.
By almost every measure, Minnesota is a national leader in cooperative enterprise. In the UWCC census, 1023 cooperatives were identified in Minnesota, operating in a broad variety of industries.