Multi-Member LLC Operating Agreement Template - New York

A New York Multi-Member LLC Operating Agreement is a formal instrument approved by all the owners of the business whose goal is to elaborate on the structure of the entity and set out its strategies, plans, and practices. Once the company is formed, you have to prepare a list of rules all the owners and managers are required to adhere to - it will help you avoid internal disagreements and release the members of the board from personal liability for the accumulated debts of the organization.

You may download a New York Multi-Member LLC Operating Agreement template via the link below.

The state laws oblige every new limited liability company to draft this document, and to make sure it is legally enforceable, the operating agreement needs to contain the following elements: the main details of the entity and its mission statement, the names of the board members and their rights and responsibilities, the financial information (allocation of shares, bookkeeping, and accounting), and guidelines to follow when there is a necessity to amend the current bylaws or add a new owner.

Haven't found the template you're looking for? Take a look at the related templates and forms below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.