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New York field guide / 20 / Compliance

New York LLC Operating Agreement: The § 417 90-Day Rule, Single-Member LLCs and PLLCs (2026)

01 / Quick answer

LLC Law § 417 · $0 state fee, nothing filed with DOS · adopt a written operating agreement within 90 days after filing the articles. Keep it with the company records.

Official source

Last reviewed: October 30, 2026

Corp USA is not a law firm and does not provide legal advice. Private information and filing service; not a government agency. Not tax advice.

Get the New York LLC Kit: $89.97 (printed Operating Agreement, seal, certificates)

Corp USA is not a law firm and does not provide legal advice.

02 / Follow the decisions

Start with the right question.

The written agreement and its effective date

Members must adopt a written operating agreement before, at, or within 90 days after the articles are filed. It may take effect at formation or later, but never before the LLC exists. The agreement addresses the business, affairs and conduct of the LLC and members' rights and powers. Where it is silent, the LLC Law's default rules apply.

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Single-member LLCs and PLLCs

New York's rule does not carve out single-member LLCs. The same § 417 duty applies to PLLCs because Article XII PLLCs are LLCs. PLLC members must be licensed in the profession; review the professional-entity guide for those rules.

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90-day timeline

Day 0: file the articles of organization, DOS-1336-f. By day 90: sign the operating agreement. By day 120: file the publication proof. The agreement stays in company records; it is not filed with DOS and has no state filing fee.

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If the 90 days have passed

Adopt the agreement now. The law sets no fine, but banks, lenders and courts may ask for it, and without it the LLC Law's default rules govern.

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Common trap: assuming one member means no agreement

Section 417 has no single-member exception.

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Common trap: a template from another state

An out-of-state template can miss New York publication obligations and the manager-versus-member terms in the articles.

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Common trap: never giving the bank a copy

Many banks ask for the operating agreement when opening the account. Signing it and leaving it out of the bank's records can cause avoidable questions.

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03 / Before you proceed

Your preparation checklist

  1. 1.Record the articles filing date and the 90-day adoption date.
  2. 2.Set the member-managed or manager-managed structure.
  3. 3.Document ownership percentages and capital.
  4. 4.For multiple members, cover profit and loss, distributions, voting and major decisions.
  5. 5.Address transfers, buy-outs, death or disability and PLLC license-loss triggers.
  6. 6.Sign the agreement and keep it with company records; provide a copy when the bank asks.
  7. 7.Complete publication proof by day 120.
Get the New York LLC Kit: $89.97 (printed Operating Agreement, seal, certificates)

Corp USA is not a law firm and does not provide legal advice.

Official sourceOfficial source
04 / Your decision tool

Operating agreement records checklist

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05 / Facts & fees

Keep the requirements separate.

What to put in the operating agreement
TopicSingle-memberMulti-memberPLLC
Member-managed vs manager-managed✓✓✓
Ownership % and capital✓✓✓ Licensed members only
Profit/loss split and distributionsNot listed✓✓
Voting and major decisionsNot listed✓✓
Transfer/buy-out, death or disability✓ Succession✓✓ License-loss trigger
Tax classification note (CT-6/S-corp, PTET)✓✓✓
06 / Your next path

Carry the decision forward.

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Corp USA is not a law firm and does not provide legal advice. State fees are pass-through. Service fees and taxes are separate. Review the order price before payment.

07 / Questions answered

Before your next step

Yes. LLC Law § 417 requires a written operating agreement.

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No. Keep the agreement with company records. There is no state filing fee.

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Adopt it now. The statute sets no fine, but the LLC Law defaults govern where there is no agreement and banks, lenders or courts may ask for it.

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Yes, for a single-member LLC. New York's rule has no single-member exemption.

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A lawyer is not required; legal review is recommended for multi-member agreements.

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Yes. The New York LLC Kit includes a printed operating agreement, seal and certificates, as described on the corporate-kit page.

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Sources

Last reviewed: October 30, 2026

Corp USA is not a law firm and does not provide legal advice. Not a government agency. Not tax advice.