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New York LLC Operating Agreement Forms

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The New York LLC operating agreement is a document that is required by law in the State of New York, whether the business is a sole member or a multiple member agreement. The document will introduce the rules and guidelines for the structure and purpose of a business that are set fourth by the member(s) and shall serve as binding for all members, regardless of the size of the entity.

From an internal standpoint, the document shall outline such acts as the powers of each member, meeting, voting rights, management, profit and loss, and even the provisions of a buyout in the event that a member would elect to sell their interest among other vital subjects to be addressed and agreed to, unanimously, by all members.

These documents will offer protection to the members once the document is in place. Once all aspects of the required document have been agreed upon by all members and the document has been completed and signed, it’s recommended that the document is placed in a safe location and considered an important business record.

Definition – 

Laws – 

Table of Contents

Types

Multi-Member – 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.

Single-Member – 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.

How to Form an LLC in New York

Filers must first verify that their business name is available for use in New York by conducting a for the name in the State’s records. If the name appears as an active business, or if the name is distinctly similar to that of another currently on file, it must be changed to one that is original.

Step 1 – Agent for Service of Process

A Registered Agent is an individual or company that receives service of process on the company’s behalf. Nominate the agent by employing the services of one of the following:

  • Person who is a resident or has a legal business address in the State
  • Business operating in the State

Step 2 – Choose LLC Type

Select your LLC type from the list below and complete the ensuing application.

  • Domestic LLC (formed within the State) – Articles of Organization
  • *Foreign LLC (formed outside the State) – Application for Authority

*A Certificate of Existence, or document of equal qualification, must be included with all Foreign LLC filings.

Step 3 – Filing Fee

The fees for both Domestic and Foreign LLC applications are as follows:

  • Domestic – $200
  • Foreign – $250

Online filers will be instructed to supply the fee by credit card. Those filing via Adobe PDF must enclose a check and send all items to the address below.

New York State Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231

Step 4 – Publish the Articles

Once filed with Department of State, you will need to publish a notice of formation or a copy of the articles of organization/application for authority in two (2) newspapers which are designated by the country clerk in the initial jurisdiction. Afterwards, you will receive an affidavit of publication from each newspaper.

Step 5 – Certificate of Publication

Complete the Certificate of Publication and deliver it to the address below. Along with the certificate you must include a $50 filing fee and each of your affidavits of publication.

New York State Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231

Step 6 – Operating Agreement

State law in New York requires that all LLCs draft an operating agreement to set in place the rules and regulations for the business. Additionally, the form allows for documentation of each member’s rights and initial investments in the company. Each member should review the document before signing it and keeping it for personal reference.

Step 7 – Employer Identification Number (EIN)

After completing your filing with the New York State Department of State, you should immediately apply for an Employer Identification Number (EIN). The number is issued by the Internal Revenue Service and used to identify businesses when reporting taxes to the federal government. Once acquired, your LLC will legally be able to open bank accounts and pay employees.

Apply for an EIN by completing one of the following:

How to Write

Step 1 – Download the document and provide the name of the entity at the top of the document.

Step 2 – The Agreement – Submit the following:

  • Select the applicable box
  • Any required information
  • Single-Member – Submit the name of the company and the state of location. Provide the owner’s name and business address
  • Multi-Member – Submit each member’s full name and respective address

Step 3 – Name and Principal Place of Business – Enter the following:

  • The registered name of the entity
  • The business address
  • The city of which the business is located

Review the remaining information, submit all required information.

Formation –

  • The date of the formation of the business, in dd/mm/yy format
  • Review the following titles:
  • Purpose
  • Term

Member Capitol Contributions –

  • Check the correct box
  • Single-Members – Read all information
  • Multi-Members – Submit each member’s name and their contribution

Distributions –

  • Check the box that applies to the company type
  • Single-Members – Review the information
  • Multi-Members – Enter the names and Percentage Interest for the members
  • Members may continue by reading all of the remaining information

Step 4 – Books, Records and Tax Returns –

  • Check the box that applies
  • Read the information

Proceed by carefully reviewing the following titles:

  • Bank Accounts
  • Management of the Company
  • Check the applicable box
  • Single-Member – Review this section
  • Multi-Members – Review the information
  • Submit limits/maximums

Step 5 – Titled Sections – Check the box, if applicable. Review and enter all required information.

  • Meetings of Members – Submit annual member meeting date
  • Assignment of Interests
  • Ownership of Company Property (Single Owner)
  • Right of First Refusal
  • Admission of New Members
  • Withdrawal Events
  • Dissolution and Liquidation – Check the box and read all of the information
  • Representations of Members
  • Certificates Evidencing Membership (Multi-Member) – Provide a company name and enter an effective date in dd/mm/yyyy format
  • Notices
  • Arbitration
  • Amendments
  • Indemnification (Single Owners)
  • Miscellaneous

Step 6 – Signatures –

  • Provide the date that the document shall be executed
  • A company representative must enter their signature
  • All members must enter their respective signatures

Once the document is complete, all members must receive a copy of the document for individual record keeping.



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