Form SF0137 Election to Exclude Certain Relatives of Managers of a Limited Liability Company - Minnesota

What Is Form SF0137?

This is a legal form that was released by the Minnesota Department of Labor and Industry - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form SF0137?
A: Form SF0137 is an election form used in Minnesota to exclude certain relatives of managers from being counted as members of a limited liability company (LLC) for legal purposes.

Q: Who needs to fill out Form SF0137?
A: Managers of a limited liability company (LLC) in Minnesota who wish to exclude specific relatives from being considered members of the LLC need to fill out Form SF0137.

Q: Why would someone want to exclude certain relatives from being members of an LLC?
A: By excluding certain relatives from being considered members of an LLC, the managers can restrict their involvement in decision-making and financial matters of the company.

Q: How do I fill out Form SF0137?
A: The form requires you to provide information about the LLC, the specific relatives you want to exclude, and your reasons for the exclusion. You may need to consult legal advice or refer to the form instructions for assistance.