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Minnesota Articles of Organization (Cooperative)

Minnesota Articles of Organization (Cooperative)

Name: Minnesota Articles of Organization (Cooperative)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.73 (355 reviews)

Category:

Minnesota Secretary of State - Cooperatives

State:

Minnesota

Control #:

MN-SKU-0370

Format:

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Description

Articles of Organization (Cooperative) 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) 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.

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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.

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.

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.

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.

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.

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 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.

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.

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This form should be used if you wish to file articles of incorporation to form a Cooperative. Association under Ohio Revised Code (O.The cooperative is organized □with capital stock OR □ without capital stock. To become an LLC a person or group must file articles of organization with the. The following describes the steps a company must go through in California in order to become an LLC. Read the latest articles of Journal of Co-operative Organization and Management at ScienceDirect. HTMLPDF23.100.0101Short title.HTMLPDF23.100.0102Definitions.HTMLPDF23.100. 0103Nature of limited cooperative association.HTMLPDF23.100.0105Powers. Shareholders also can sell their shares, unless there is a restriction on transfer imposed in the articles of incorporation or a shareholders' agreement. Cooperative organized as an LLC could be recognized in other states and abroad.

Minnesota Articles of Organization (Cooperative)

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