The Operating Agreement may be entered into before, at the time of, or within 90 days after the filing of the Articles of Organization. A New York State Operating Agreement creates the policies and procedures for your LLC.Our free, attorney-drafted templates can get you started. Only attorneys should form legal entities – especially LLCs which can have nuances (such as the requirement for a written operating agreement described above). File your Annual Report or an Amended Annual Report using a credit card. Updates will post within minutes of filing! The drafting of an operating agreement is extremely important and requires more care than many practitioners give to it. One advantage of structuring your business as an LLC is that your personal assets will not be used to pay off the debts or legal liabilities of the LLC. Reserved Company Name. As the law says, the amendment has to follow the procedures and rules set forth in the operating agreement for the limited liability company.