New York LLC operating agreements must be maintained in the company’s records once they have been executed by the company members and owners. This document governs company affairs and preserves each member’s expectations and contribution requirments.
New York LLC operating agreements must be maintained in the company’s records once they have been executed by the company members and owners. This document governs company affairs and preserves each member’s expectations and contribution requirments.
Yes. New York law mandates that an LLC must have an operating agreement in place and that it be kept in company records with all amendments. (NY LLC L § 101 (2023))
“Operating agreement” is the contract that LLC members execute to define their company, its rules, and its affairs;
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