New York LLC Operating Agreement PDF
New York at a glance: Governing Law: N.Y. LLC Law § 417 · Written Agreement Mandate: Required within 90 days of formation · Publishing Rule: Mandatory publication in two newspapers
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LLC Operating Agreements in New York
New York LLCs are governed by the New York Limited Liability Company Law. Under NY LLC Law Section 417, members are statutorily required to adopt a written operating agreement within 90 days of filing the Articles of Organization.
New York also enforces a strict publishing requirement where a notice of formation must be published in two local newspapers for six weeks.
New York LLC Operating Agreement — Quick Reference
| Requirement | New York Rule |
|---|---|
| Governing Law | N.Y. LLC Law § 417 |
| Written Agreement Mandate | Required within 90 days of formation |
| Publishing Rule | Mandatory publication in two newspapers |
| Filing Fee | $200 |
New York Legal Requirements
- Members must adopt a written operating agreement to govern operations.
- Agreement cannot eliminate liability for acts involving bad faith or active dishonesty.
New York Governing Laws
Read the full text of these laws at Cornell Law School's New York legal resources or your state legislature's official website.