New York Llc Operating Agreement Required Within 90 Days Law

I recently watched a founder lose a forty percent stake in a company he built from scratch because he thought New York was like Delaware. He filed his Articles of Organization, paid his filing fees, and then got busy "scaling." He figured he'd get around to the paperwork once the first big check cleared. That check did clear—for six figures—and suddenly his silent partner wasn't so silent anymore. Because there was no written contract governing the entity, the default rules of the state took over. The New York LLC Operating Agreement Required Within 90 Days Law isn't a suggestion; it's a statutory mandate found in Section 417 of the Limited Liability Company Law. If you miss that window, you aren't just being messy; you're handing a loaded gun to any