Flaxseed protein isolates were prepared by sodium hexametaphosphate complexation and acylated with acetic or succinic anhydride to improve their functional properties. The degree of acylation of free amino groups was lower when succinic anhydride was used in place of acetic anhydride. The color of the acylated proteins became lighter as the degree of acylation was increased. Emulsification properties of protein preparations were improved due to acylation, particularly for succinylated products. While foaming properties of flax protein isolates were not improved by acylation, their solubility was markedly improved. Low degrees of acetylation improved fat binding capacity of flax protein isolates, but succinylation did not exhibit such an effect. Acylation also increased aromatic or surface hydrophobicity of the products, and the highest value was observed at the lowest degree of acetylation. The in-vitro enzymic hydrolysis of the isolated proteins was reduced due to the acylation process. Keywords: Acylation; acetylation; succinylation; flaxseed; functional properties; protein isolate