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Updated July 06, 2022

A New York LLC operating agreement is a required document for each LLC to outline how it operated and is owned. The agreement should include the management, voting rights, officer appointments, and any other relevant items. After signing, each member should keep a copy as it is not filed with the Division of Corporations or any government office.

Is an Operating Agreement  REQUIRED in New York?

Yes.  New York is one of five states to legally require businesses to adopt an operating agreement.

By Type (2)


Single-Member LLC Operating Agreement – For use by a single owner of an entity. This document is required by the bbin电竞官网官方永久 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 bbin电竞官网官方永久, unless the document is implemented.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

 


Multi-Member LLC Operating Agreement – 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.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

 


Table of Contents

How to Form an LLC in New York (7 steps)

Filers must first verify that their business name is available for use in New York by conducting a Preliminary Search for the name in the bbin电竞官网官方永久’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 bbin电竞官网官方永久
  • Business operating in the bbin电竞官网官方永久

Step 2 – Choose LLC Type

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

  • Domestic  (formed within the bbin电竞官网官方永久) – Articles of Organization
  • * Foreign (formed outside the bbin电竞官网官方永久) – 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 bbin电竞官网官方永久 Department of bbin电竞官网官方永久, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231

Step 4 – Publish the Articles

Once filed with Department of bbin电竞官网官方永久, 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. Afterward, 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 bbin电竞官网官方永久 Department of bbin电竞官网官方永久, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231

Step 6 – Operating Agreement

bbin电竞官网官方永久 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 bbin电竞官网官方永久 Department of bbin电竞官网官方永久, 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:

Laws

“Operating Agreement” Definition

“Operating agreement” means any written agreement of the members concerning the business of a limited liability company and the conduct of its affairs and complying with section four hundred seventeen of this chapter.

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