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 the company’s affairs and member behavior, preserving each member’s, manager’s, and owner’s expectations.
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 the company’s affairs and member behavior, preserving each member’s, manager’s, and owner’s expectations.
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;