Kiritsis & Associates
Kiritsis & Associates
By John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Kiritsis Law Group
212 922 0005
An LLC operating agreement for a single member LLC should primarily address the management and control of the business, allocation of profits and losses, dissolution procedures, and any other provisions that are specific to the single owner's wishes for the operation of the business.
In contrast, a multi-member LLC operating agreement should include provisions for the distribution of profits and losses, voting rights and management responsibilities of each member, admission of new members, and the process for resolving disputes among members. The operating agreement for a multi-member LLC is critical in ensuring the smooth operation of the business and resolving disputes that may arise among members. It should set out clear guidelines and decision-making processes to ensure that the business runs efficiently and that each member's rights and responsibilities are clearly defined.
New York Business Corporation Law
New York Limited Liability Company
New York General Obligations Law
NYS Office of Professions
Whether you are a new business startup or a well-established company, our law firm can help you with all of your business law legal needs. For a free consultation, you can call us at 212 922 0005.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
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