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New York LLC Operating Agreements (2)

A New York LLC operating agreement is a required document outlining how an LLC is owned and operated. The agreement should include company management, voting rights, officer appointments, and other relevant items. After signing, each member should keep a copy of the agreement, as it is not filed with any government office.
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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.

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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.

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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.

Sample

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