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and  \nWHEREAS, the Members wish to set forth their agreement as to how the business and affairs of the Company shall be managed and their rights and obligations with respect to the Company;  \nNOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, the parties hereby agree as follows:  \nARTICLE I  \nFormation and Business of the Company  \n1.1  Formation. The Company was organized on {}, {}, in accordance with and pursuant to the Act. {Note that initial operating agreement should be executed within 90 days after filing of the Articles of Organization.}  \n1.2  Name. The name of the Company is {} . The Company may do business under that name and, as permitted by applicable law, under any other name determined from time to time by the {Members} {Managers} .  \n1.3  Purpose of the Company. The purpose of the Company is to {conduct any lawful business or activity whatsoever, as permitted by applicable law and as determined from time to time by the {Members} {Managers} . The Company may exercise all powers necessary to or reasonably connected with the Company’s business from time to time, and may engage in all","cbCaijxAVdseifaI","https://ap.wps.com/l/cbCaijxAVdseifaI","pdf",225777,"English","# ARTICLE I\n## Formation and Business of the Company\n## 1.1 Formation\n## 1.2 Name\n## 1.3 Purpose of the Company","[{\"question\":\"What law governs this New York LLC operating agreement?\",\"answer\":\"The agreement is governed by the New York Limited Liability Company Law (the “Act”).\"},{\"question\":\"When should the initial operating agreement be executed after filing the Articles of Organization?\",\"answer\":\"The template notes that the initial operating agreement should be executed within 90 days after filing the Articles of Organization.\"},{\"question\":\"How does the agreement define the company’s purpose?\",\"answer\":\"The company’s purpose is to conduct any lawful business or activity permitted by applicable law, as determined from time to time by the Members or Managers.\"}]","New York LLC - Limited Liability Company Operating Agreement | PDF",1789575041]