Understanding New York LLC Operating Agreements
Official New York LLC Operating Agreement:
https://bit.ly/3sP2D9o
LLC operating agreements are lengthy documents, but they’re worth every word.
New York is one of the few states that requires LLCs to draft an operating agreement, and make no mistake -- it’s to protect you and your business.
LLC operating agreements provide needed protections and help shield members from liabilities — without this document, the financials and assets of certain members could be at risk.
In this video, we’ll overview:
A quick overview of LLCs and operating agreements;
Laws specific to the state of New York;
What to include in your operating agreement; and
Where to find an official template
Free Version:
https://eforms.com/operating-agreemen...
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro:
0:32 In This Video We'll Cover:
0:41 What Is An LLC:
1:15 What Is An Operating Agreement:
1:42 Why Do You Need An Operating Agreement:
1:58 Requirements In This State:
2:15 What's Included In An Operating Agreement:
2:37 Important Matter To Clearly Outline In An Operating Agreement: