Operating Agreement
(Manager-Managed Single Member) (NY Professional Service LLC)

Summary

This Operating Agreement (Manager-Managed Single Member) (NY Professional Service LLC) template can be used to create a manager-managed single member professional service limited liability company (PSLLC) in New York. Single member LLCs are treated as disregarded entities for federal income tax purposes. Counsel should consult with the LLC's accounting service providers to ensure tax provisions are appropriate for the LLC. This template includes practical guidance, and drafting notes. For additional guidance, see Professional LLC (NY).