Bronx New York Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act

State:
Multi-State
County:
Bronx
Control #:
US-01931BG
Format:
Word
Instant download

Description

A Limited Liability Company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.

An LLC is formed by filing articles of organization with the secretary of state in the same type manner that articles of incorporation are filed. The articles must contain the name, purpose, duration, registered agent, and principle office of the LLC. The name of the LLC must contain the words Limited Liability Company or LLC. An LLC is a separate legal entity like a corporation.

Management of an LLC is vested in its members. An operating agreement is executed by the members and operates much the same way a partnership agreement operates. Profits and losses are shared according to the terms of the operating agreement.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Bronx New York Operating Agreement For States Who Have Adopted The Uniform Limited Liability Act And The Revised Uniform Limited Liability Act?

A document routine always accompanies any legal activity you make. Creating a company, applying or accepting a job offer, transferring property, and lots of other life scenarios demand you prepare formal paperwork that differs from state to state. That's why having it all accumulated in one place is so beneficial.

US Legal Forms is the largest online collection of up-to-date federal and state-specific legal templates. On this platform, you can easily locate and get a document for any personal or business objective utilized in your county, including the Bronx Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act.

Locating samples on the platform is extremely straightforward. If you already have a subscription to our library, log in to your account, find the sample through the search bar, and click Download to save it on your device. After that, the Bronx Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act will be accessible for further use in the My Forms tab of your profile.

If you are dealing with US Legal Forms for the first time, adhere to this quick guideline to obtain the Bronx Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act:

  1. Ensure you have opened the correct page with your local form.
  2. Make use of the Preview mode (if available) and scroll through the template.
  3. Read the description (if any) to ensure the template corresponds to your needs.
  4. Look for another document using the search tab if the sample doesn't fit you.
  5. Click Buy Now once you find the necessary template.
  6. Select the suitable subscription plan, then log in or create an account.
  7. Choose the preferred payment method (with credit card or PayPal) to continue.
  8. Choose file format and download the Bronx Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act on your device.
  9. Use it as needed: print it or fill it out electronically, sign it, and file where requested.

This is the simplest and most trustworthy way to obtain legal documents. All the templates available in our library are professionally drafted and checked for correspondence to local laws and regulations. Prepare your paperwork and manage your legal affairs properly with the US Legal Forms!

Trusted and secure by over 3 million people of the world’s leading companies

Bronx New York Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act