# Minn. Stat. § 322C.0104: NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0104

## Section

- **Citation:** Minn. Stat. § 322C.0104
- **Heading:** NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 300_323A / Chapter 322C / Section 322C.0104

## Text

§ Subdivision 1. Separate entity. A limited liability company is an entity distinct from its members.

§ Subd. 2. Permitted purposes. Except for a nonprofit limited liability company subject to section 322C.1101 , which must comply with that section, a limited liability company may have any lawful purpose.

§ Subd. 3. Duration. A limited liability company has perpetual duration.

## Nearby sections

- [Minn. Stat. § 322C.0101 § 322C.0101 CITATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0101.md)
- [Minn. Stat. § 322C.0102 § 322C.0102 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0102.md)
- [Minn. Stat. § 322C.0103 § 322C.0103 KNOWLEDGE; NOTICE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0103.md)
- [Minn. Stat. § 322C.0104 § 322C.0104 NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0104.md)
- [Minn. Stat. § 322C.0105 § 322C.0105 POWERS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0105.md)
- [Minn. Stat. § 322C.0106 § 322C.0106 GOVERNING LAW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0106.md)
- [Minn. Stat. § 322C.0107 § 322C.0107 SUPPLEMENTAL PRINCIPLES OF LAW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0107.md)
- [Minn. Stat. § 322C.0108 § 322C.0108 LIMITED LIABILITY COMPANY NAME.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0108.md)
- [Minn. Stat. § 322C.0110 § 322C.0110 OPERATING AGREEMENT; SCOPE, FUNCTION, AND LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0110.md)
- [Minn. Stat. § 322C.0111 § 322C.0111 OPERATING AGREEMENT; EFFECT ON LIMITED LIABILITY COMPANY AND PERSONS BECOMING MEMBERS; PREFORMATION AGREEMENT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0111.md)
- [Minn. Stat. § 322C.0112 § 322C.0112 OPERATING AGREEMENT; EFFECT ON THIRD PARTIES AND RELATIONSHIP TO RECORDS EFFECTIVE ON BEHALF OF LIMITED LIABILITY COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0112.md)
- [Minn. Stat. § 322C.0113 § 322C.0113 OFFICE AND AGENT FOR SERVICE OF PROCESS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0113.md)
- [Minn. Stat. § 322C.0114 § 322C.0114 CHANGE OF REGISTERED OFFICE OR AGENT FOR SERVICE OF PROCESS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0114.md)
- [Minn. Stat. § 322C.0115 § 322C.0115 RESIGNATION OF AGENT FOR SERVICE OF PROCESS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0115.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C322C_S322C.0104. Check the current official text before relying on it. Not legal advice.