New York Sub-Operating Agreement
Description
How to fill out Sub-Operating Agreement?
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FAQ
The LLC operating agreement should state if and when member meetings will be held and include any rules regarding how, when, and where votes will be taken; who has voting rights; how many voting members must be present for a quorum; how many votes are required to approve an action; and whether members can vote by proxy ...
Mail filings: In total, mail filing approvals for New York LLCs take 8 1/2 months. This accounts for the 8 month processing time, plus the time your documents are in the mail. Online filings: Online filings for New York LLCs are approved immediately if you file your documents during business hours.
Section 206 of the New York State Limited Liability Company Law requires that within 120 days after the effectiveness of the initial articles of organization, a limited liability company (LLC) must publish in two newspapers a copy of the articles of organization or a notice related to the formation of the LLC.
The members of an LLC are required to adopt a written Operating Agreement. See Section 417 of the Limited Liability Company Law. The Operating Agreement may be entered into before, at the time of, or within 90 days after the filing of the Articles of Organization.
New York LLC Cost. Forming an LLC in the state of New York costs $200. There are additional fees to consider, such as the $50 Certificate of Publication fee and the $9 Biennial Report fee.
Ideally, if the owner of the LLC has a personal address within the state, that would be an option for a place to publish notice, but the statute does not require it (or even address it) and, if the owner is not even located within the State of New York, the options are even more limited.
The document required to form an LLC in New York is called the Articles of Organization. The information required in the formation document varies by state. New York's requirements include: Registered agent.