Kiritsis & Associates



By John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M

Kiritsis Law Group

212 922 0005


It is especially dangerous for multi-member limited liability companies (LLCs) to operate without adopting a written operating agreement for several reasons:


Uncertainty about ownership and management: The absence of a written operating agreement can result in uncertainty about ownership and management structure, which can cause disputes among the members.


Lack of clarity in decision-making: An operating agreement outlines the decision-making process and voting rights of the members. Without a written agreement, members may have different interpretations of how decisions should be made and disputes may arise.


Unclear distribution of profits and losses: An operating agreement spells out the distribution of profits and losses among the members. Without a written agreement, members may have different expectations about how the company's profits and losses will be distributed.


Difficulty in transferring ownership: An operating agreement outlines the process for transferring ownership and exiting the company. Without a written agreement, it may be difficult for members to sell their ownership interest or transfer it to others.


Legal and tax implications: An operating agreement can help ensure that the LLC is compliant with state law and tax regulations. Operating without a written agreement may result in unintended legal and tax consequences.


In conclusion, having a written operating agreement is critical for multi-member LLCs as it helps avoid disputes and confusion, and ensures that the company is operating in a manner that is in compliance with state law and tax regulations.


New York Business Corporation Law

New York Limited Liability Company

New York General Obligations Law

NYS Office of Professions

U.S. Constitution


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

Suite 1306

Brooklyn Office (By Appointment Only):

1023 74th Street

Brooklyn, NY 11228

1st Floor

New Jersey Office:

7309 Ventnor Avenue

Ventnor, NJ 08406

2nd Floor



We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs,  start-ups to established business organizations.


We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the   topic -- you may be interested, or simply to find out how our law firm can help, you may click at any of our site's links.


We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.

Phone# 212-922-0005


Intellectual Property Disclaimer(s):


The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.

Website Created & Hosted with Website Builder