• Incorporating a townhome in Minnesota is governed by the state incorporation rules.new townhomes for better living image by Nellie Vin from Fotolia.com
  
  All common interest groups or condominiums or associations are subject to the Minnesota real estate incorporation statutes. According to the All Business website, incorporating your business not only protects your assets but also safeguards you from incurring personal liability. Your condominium association has taken into consideration the Minnesota rules on articles of incorporation for townhomes.
  
  

Name of the Incorporated Townhome

• The rules of incorporating a townhome in Minnesota require you to provide a corporate name for your entity in your articles of incorporation. Provide an English name that is not identifiable to any other entity in the state of Minnesota to avoid confusion. Check for the availability of the name in the region by searching the the secretary of state's website or calling the office for information. The name of your entity must include either of these words: company, incorporated, corporation or limited either as whole or with abbreviations to show that it is a corporation.
  
  

Incorporators

• In the articles of incorporation, provide the names and addresses of your incorporators who must have attained a legal age of 18 years and above. To ensure that you get the license to operate, your incorporators should file your articles of incorporation at the Minnesota office of the secretary state, which allows you to start operations.
  
  

Registered Office Address

• Within the articles of incorporation, state the physical address and location of your registered business office within the state of Minnesota for legality and validity purposes.
  
  

Purpose

• You have to give the purpose of forming a townhome corporation, which should be legal under the Minnesota laws and regulations, by providing a statement within the articles of incorporation. Under Minnesota law, incorporation is for business purposes
  
  

Membership

• You should provide details on the qualifications for membership to the corporation and state the rights and responsibilities of members in the articles of incorporation.
  
  

Board of Directors

• Under the 2010 Minnesota statutes, the board of directors shall be elected by owners of apartments whose duties will be running the affairs and business of the corporation. In addition, in your articles of incorporation, outline the duties and powers of the board members and how they can be removed from the office
  
  

Voting Rights

• Members should have the right to vote on matters regarding the running of your townhome corporation. Provide in your articles of incorporation members who qualify to vote and what percentage of members constitute a quorum in the voting process to influence actions within the corporation.
  
  

Dissolution of the Townhome Association

• Under Minnesota law, a corporation may be dissolved prior to an order by the secretary of state or a court order. Besides requiring a corporation to collect payments such as debts, the law obligates the corporation to have in place procedures to transfer its assets and distribute property amongst the members of the corporation.