This form is a Notice of Meeting of LLC Members for a general purpose.
New York Notice of Meeting of LLC Members - General Purpose
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Multi-State
Control #:
US-201LLC
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Word;
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FAQ
An LLC purpose statement is a declaration of the reason(s) an LLC was formed. In most states, it is usually sufficient to keep it nonspecific by stating that the LLC was formed to undertake every operation an LLC can legally embark on in a given state.
The Operating Agreement is the primary document that establishes the rights, powers, duties, liabilities and obligations of the members between themselves and with respect to the LLC. The Operating Agreement is an internal document of the LLC and is not filed with the Department of State.
How to Form an LLC in New York (7 steps)Step 1 Agent for Service of Process.Step 2 Choose LLC Type.Step 3 Filing Fee.Step 4 Publish the Articles.Step 5 Certificate of Publication.Step 6 Operating Agreement.Step 7 Employer Identification Number (EIN)
Unlike most states, New York's LLC law requires LLC members to adopt a written operating agreement. The Operating Agreement may be entered into before, at the time of, or within 90 days after filing the Articles of Organization.
New York requires all SMLLCs to have an operating agreement. An SMLLC operating agreement is usually made between the SMLLC's sole member and the SMLLC itself. You must enter into the agreement before, at the time of, or within 90 days after the filing of the Articles of Organization.
Your business purpose is the reason you have formed your company boiled down to a single sentence (or two). It can be industry-specific or general enough to include ancillary and future business activities. To understand business purpose, it is important to distinguish it from your company's vision or mission.
A Statement of Organizer is a document that states the initial members or managers of an LLC. The authorized person/organizer at IncNow prepares this document. While the Operating Agreement should be sufficient proof of ownership, some banks require further assurance.
Why does an LLC need a purpose statement? Including a purpose statement in your LLC formation documents is important, particularly if legal action is brought against your business. At this point, a court may examine that statement to determine whether you, as the owner, are personally liable.
Most states do not require you to be specific about the purpose of your LLC. Instead, a statement such as "The purpose of the Limited Liability Company is to engage in any lawful activity for which a Limited Liability Company may be organized in this state" is usually sufficient.
In fact, LLCs are very flexible. They can be used for 1 purpose or multiple purposes (there are no limits). And that LLC purpose (or purposes) can change and evolve as your business grows. You can always change the purpose of your LLC later (by filing an amendment), but it's really not required.
