Is the University of Minnesota's formation of an LLC (Limited Liability Company) for MoreU Park an Attempt To Evade the Open Meeting Law?
Minnesota Limited Liability Company Formation
Your Minnesota LLC create a flexible corporate governance environment for you. Unlike a standard corporation which by law must conduct annual meetings and produce written meeting minutes, your Minnesota LLC operates under no such standard, rather your Minnesota LLC can determine its own meeting and reporting requirements as set forth in your Minnesota LLC operating agreement.