New York LLC Operating Agreement Form
According to Article 6 Section 202 a New York LLC operating agreement is required by law for a company that has more than one (1) owner (also known as a “Member”). It is a legal document much like a partnership agreement that states the rules, ownership interest, duties of each member, management options, and other financially related subjects to be agreed upon.
The form allows a single or multi member LLC to agree and state the following;
- Purpose of Company
- Organization
- Registered Office
- Dissolution (as per statute 702)
- Bank Accounts
- Record Keeping
- Powers of the Members
- Management
- Capital Contributions
- Allocation of Profits and Losses
- Distributions
- Assignment
- Resignation(s)
- Liability of the Member(s)
Download (PDF, 97KB)