10 Oct 2023
Let’s Limit Investor and Property Owner Liability!
Limited liability companies (LLCs) are commonly formed to acquire and own real estate projects and parcels while limiting its members’ liability. LLC operating agreements usually outline the rights and obligations of the members, including allocation of net profits and losses and distribution of LLC assets. Use this operating agreement for a member-managed New York LLC with multiple members. See the Related Content below for LLC operating agreements for other states.
Related Content
- Operating Agreement (Managing Member-Managed, Multiple Members) (Short Form) (CA LLC)
Use this operating agreement for a California LLC managed by one of its members.
- Operating Agreement (Manager-Managed, Multiple Members) (Commercial Real Estate) (FL)
Refer to this operating agreement for a Florida LLC managed by a Board of Managers.
- Operating Agreement (Member-Managed, Multiple Members) (Commercial Real Estate) (IL)
Check out this operating agreement for an Illinois LLC managed by one of its members.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market intelligence for Real Estate attorneys is more important now than ever as the commercial real estate landscape evolves, and landlord, tenant, and lender relationships shift dramatically. The new edition of the Practical Guidance Journal features an in-depth look at this evolution and strategies for adapting to the new normal.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Check out our Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+