Multi-Member LLC Operating Agreement – For use for a company that has more than one (1) member. 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.ĭownload: PDF, MS Word (.docx), OpenDocument This document is required by the State of New York. Single-Member LLC Operating Agreement – For use by a single owner of an entity. Yes. New York is one of five states to legally require businesses to adopt an operating agreement.
Is an Operating Agreement REQUIRED in New York?
