Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

On April 1, 2022, Justice Boddie of the Kings County Commercial Division issued a decision in Family Group 188, LLC v. Foukas, 2022 NY Slip Op. 30764(U), holding that where members of an LLC fail to sign an LLC operating agreement, the LLC is governed by the default rules of the LLC Law . . . Continue reading Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law