LLC operating Agreement

Discussion in 'Business Operations' started by mikefromny, Jan 16, 2006.

  1. mikefromny

    mikefromny LawnSite Member
    Posts: 224

    anybody have any of them (templates) or know how it works , ny ? any other states
     
  2. mikefromny

    mikefromny LawnSite Member
    Posts: 224

    somebody gotta know what im talking about right?
     
  3. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    I tried it a couple of years ago...waste of time IMO. How do you even know you want to be a LLC?
     
  4. mikefromny

    mikefromny LawnSite Member
    Posts: 224

    hows it a waste of time? u need this to complete LLC , so thats what im trying to do and any HELPFUL information id appreciate
     
  5. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Are you talking about one of those "do it yourself" kits you can buy/get on the Internet for like 50 bucks or so?
     
  6. Trinity Lawn Care  LLC

    Trinity Lawn Care LLC LawnSite Senior Member
    from NJ
    Posts: 946

    Mikefromny, Are you a partnership or a sole proprietor? If you are a one person LLC you do not need an Operating Agreement.
    If the LLC has more than one member than you do even if it is a spouse, friend, or relative. I am not sure about your specific operation, so I do not know if you need one or not. As far as a template goes, I am sorry I do not have one. My attorney does all of the business paper work of that nature for me. I am sure you can buy one online like Rodfather stated.
     
  7. mikefromny

    mikefromny LawnSite Member
    Posts: 224

    i got all the LLC done articles of org. and all that stuff , i am a sole prop. so , i wouldnt need this in new york state or is that just new jerz
     
  8. mikefromny

    mikefromny LawnSite Member
    Posts: 224

    rodfather i dont know im just looking to complete the process and this seems like the last step a operating agreement so i came here to see if i need it or what to do and so forth and so on , any 411 id appreciate alot thanks
     
  9. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Sorry, I am not a lawyer and don't know what the state of ny requires...I only know what the state of nj asked of me when I went LLC a number of years ago.
     
  10. Trinity Lawn Care  LLC

    Trinity Lawn Care LLC LawnSite Senior Member
    from NJ
    Posts: 946

    Mike the way I understand it from my attorney you will not need it for a sole proprietor. The way that he explained it is that you do not need an operating agreement to show how you are going to operate with yourself.

    I am not 100% sure if this is a NJ thing, or an LLC thing. The way that I understood it to be is an LLC thing. I hope that this is helpful. I would probably get a 2nd opinion though. Like Rod said I am not an attorney, so I do not want to lead you done the wrong path.
     

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