Nys Operating Agreement Template

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Sample

NYS Operating Agreement Template

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NYS Operating Agreement Template (1)
Between:
[Name of the LLC]
[LLC ID Number]
[LLC Address]
[Contact Phone]
[Email]
And:
[Member Name]
[Member ID]
[Member Address]
Introduction:
This Operating Agreement outlines the management structure, responsibilities, and operational guidelines of [Name of the LLC], established on [Effective Date].
Article I: Formation
The members hereby form a Limited Liability Company (LLC) pursuant to the New York Limited Liability Company Act.
Article II: Purpose
The purpose of the LLC is to engage in any lawful business activity permitted under New York law.
Article III: Members
The initial members of the LLC are as follows:
[List all members and their respective contributions].
Article IV: Management
The LLC shall be managed by its members. Decisions will be made based on a [unanimous/simple majority] vote of the members.
Article V: Capital Contributions
Each member’s capital contribution shall be as follows: [Detail contributions for each member].
Article VI: Distributions
Profits and losses shall be allocated to members in accordance with their percentage interests in the LLC.
Article VII: Indemnification
The LLC shall indemnify members against any losses or claims incurred in connection with the LLC’s business.
Article VIII: Amendments
This agreement may be amended only with the written consent of all members.
Governing Law:
This agreement shall be governed by the laws of the State of New York.
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
NYS Operating Agreement Template (2)
Between:
[Name of the LLC]
[LLC ID Number]
[LLC Address]
[Contact Phone]
[Email]
And:
[Member Name]
[Member ID]
[Member Address]
Introduction:
This Operating Agreement is established to outline the management and operational guidelines for [Name of the LLC], effective as of [Effective Date].
Article I: Name and Principal Office
The name of the LLC is [Name of the LLC], and the principal office will be located at [Address].
Article II: Purpose of the Company
The purpose of the LLC is to provide [Describe specific business activities or services].
Article III: Members and Ownership Percentage
The LLC shall have the following members and their respective ownership percentages:
[List members and percentages].
Article IV: Voting Rights
Each member shall have voting rights proportionate to their ownership percentage in the LLC.
Article V: Capital Contributions
The initial contributions of members are as follows: [Detail each member’s initial contribution].
Article VI: Distributions of Profits and Losses
Distributions shall be made as follows: [Specify distribution terms based on ownership percentages].
Article VII: Admission of New Members
New members may be admitted upon the unanimous consent of existing members.
Article VIII: Termination
In the event of termination, all remaining assets shall be distributed in accordance with members’ ownership percentages.
Governing Law:
This agreement is subject to the laws of the State of New York.
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]

Form

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

NYS Operating Agreement Template

1. Company Information


2. Member Information


3. Purpose of the Company

4. Management Structure

5. Contributions and Distributions

6. Books and Records

7. Meetings

8. Indemnification

9. Amendments

10. Signatures and Acceptance

11. Declaration and Signatures



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NYS Operating Agreement Template

Printable | Editable Form




Nys Operating Agreement Template