If you`re thinking of forming a limited liability company (LLC) in New York, one of the most important documents you`ll need is an operating agreement. This document defines how your LLC will operate and is typically required when applying for an Employer Identification Number (EIN), opening a bank account, or entering into contracts.

As you begin drafting your NY LLC operating agreement, it can be helpful to look at a sample document for guidance. Here are some key sections you may want to include:

1. Formation: This section should define the date and purpose of your LLC, as well as the names and addresses of your members.

2. Management: Will your LLC be managed by all members, or will you appoint a manager or managers? This section should outline who has the authority to make decisions, how decisions will be made, and any restrictions on member voting rights.

3. Capital contributions: You`ll want to specify how much money each member is contributing to the LLC, as well as any additional contributions or loans that may be made in the future.

4. Distributions: How will profits and losses be divided among members? This section should outline the percentage of profits and losses each member will receive, as well as any provisions for distributing profits in non-monetary form.

5. Dissolution: If your LLC is dissolved, what happens to the assets? This section should outline how assets will be distributed among members or liquidated to pay off debts.

6. Other provisions: Depending on your LLC`s needs, you may also want to include sections on meetings, recordkeeping, and dispute resolution.

While it`s important to tailor your operating agreement to your specific LLC, using a sample like this can help give you a better idea of what to include and what questions to consider. Be sure to consult with legal and financial experts to ensure that your agreement meets all necessary legal requirements and protects your interests as an LLC member.