Nys Llc Operating Agreement Template

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NYS LLC Operating Agreement Template

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NYS LLC Operating Agreement Template (1)
Company Name:
[Name of the LLC]
Principal Office:
[Address of the Principal Office]
Members:
[Member 1 Name], [Member 1 Address]
[Member 2 Name], [Member 2 Address]
Introduction:
This Operating Agreement is made as of [Effective Date], by and among the members of the LLC. This document details the rules the LLC will follow in conducting business.
Article I: Formation
The Members hereby form a Limited Liability Company (LLC) pursuant to the laws of the State of New York, and agree to operate according to the terms herein.
Article II: Purpose
The purpose of the LLC is to engage in any lawful act or activity for which limited liability companies may be organized under New York law.
Article III: Management Structure
The management of the LLC shall be vested in its Members. Decisions shall be made by a majority vote of the members present at the meeting.
Article IV: Capital Contributions
Each Member shall contribute capital as follows: [Describe contributions from each member].
Article V: Profits and Losses
Profits and losses of the LLC shall be allocated to the Members in proportion to their respective capital contributions.
Article VI: Distributions
Distributions to Members shall occur at such times and in such amounts as determined by the Members.
Article VII: Indemnification
The LLC shall indemnify any Member for any liability incurred in connection with the LLC unless due to gross negligence or willful misconduct.
Article VIII: Amendments
This Agreement may be amended only by a written agreement signed by all Members.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]
NYS LLC Operating Agreement Template (2)
Company Name:
[Name of the LLC]
Principal Office:
[Address of the Principal Office]
Members:
[Member 1 Name], [Member 1 Address]
[Member 2 Name], [Member 2 Address]
Introduction:
This operating agreement is entered into by the Members as of [Effective Date] to set forth the governance and operation of the LLC.
Article I: Name and Principal Place of Business
The name of the LLC is [Name of the LLC] and its principal place of business is located at [Address].
Article II: Term
The term of the LLC shall commence upon filing the Articles of Organization and shall continue until terminated as provided in this Agreement.
Article III: Member Responsibilities
Each Member shall participate in the management of the LLC and shall perform such duties as may be determined by the Members.
Article IV: Financial Matters
The fiscal year of the LLC shall be the calendar year. Appropriate books of account shall be maintained.
Article V: Withdrawal or Addition of Members
Provisions for adding or withdrawing Members shall require the unanimous consent of the existing Members.
Article VI: Dispute Resolution
Any disputes arising under this Agreement shall be resolved through mediation prior to seeking any other form of dispute resolution.
Article VII: Miscellaneous
This Agreement constitutes the entire agreement among the Members. It supersedes all prior agreements and understandings.
Signed in [City], [Date].
Sincerely,
[Signature of Member 1]
[Name of Member 1]
[Signature of Member 2]
[Name of Member 2]

Form

Please complete the form below to create the NYS LLC Operating Agreement Template. All fields must be filled out to ensure a comprehensive and functional agreement. We provide examples to guide you through each step.

NYS LLC Operating Agreement Template

1. LLC Information


2. Member Information


3. Purpose of LLC

4. Management Structure

5. Capital Contributions

6. Profit and Loss Allocation

7. Distributions

8. Meetings

9. Amendments

10. Indemnification

11. Binding Effect

12. Signatures and Acceptance

13. Declaration and Signatures




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NYS LLC Operating Agreement Template

Printable | Editable Form




Nys Llc Operating Agreement Template