A New York State Operating Agreement creates the policies and procedures for your LLC. Our free, attorney-drafted templates can get you started.Free New York LLC Operating Agreement template in Word, PDF, Google Doc formats. List LLC Members, tax rules, and other key information. An operating agreement is a binding legal document that outlines the ownership structure and operational procedures of a limited liability company (LLC). The simplest operating agreement would be one that provided the names, addresses, and the value of initial capital contributions of each of the members. In your Operating Agreement, you should include a list of all members of the LLC who have invested in the company. The next step involves including your business information in the agreement. An operating agreement for corporation is a document similar to bylaws that limited liability companies (LLCs) use. This free LLC operating agreement was designed as a general template that can work in any state.