Required in New York?
Yes, New York declares “the members of an LLC are required to adopt a written operating agreement.. at the time of, or within 90 days after the filing of the Articles of Organization.” (Ch. 34, Art. 4, § 417 & Dept. of State (Forming an LLC in NY))
By Type (2)
Single-Member LLC Operating Agreement – For use by a single owner of an entity. This document is required by the State of New York. The document will offer protection on various levels, to include creditors, any legal decisions would fall to the defaults provided by the State, unless the document is implemented.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use for a company that has more than one (1) member. The document will establish company policies and procedures, as well, all ownership percentages and management.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means any written agreement of the members concerning the business of a limited liability company and the conduct of its affairs and complying with section four hundred seventeen of this chapter.