Free New York LLC Operating Agreement template in Word, PDF, Google Doc formats. List LLC Members, tax rules, and other key information.An LLC operating agreement is a foundational legal document that outlines the ownership and corporate governance of a limited liability company. An operating agreement is one of the most critical steps businesses take before starting a new venture. Download your free template today. The LLC Operating Agreement is the document that sets the ground rules for how the LLC is going to operate. It's important to take the time to draft a comprehensive operating agreement that reflects the specific needs and goals of your LLC. The next step involves including your business information in the agreement.