An LLC created for specific purposes, for example. B the construction and sale of a commercial building, may exist for a specified period of time or until the occurrence of a particular event. But overall, the provisions of the new version of the LegalZoom LLC agreement follow the standard rules of the New York LLC law, which raises the question of why the penalty is emerging? It is true that the LLC law requires that each New York LLC has a written company agreement within 90 days of its creation, but there is no penalty for non-compliance and case law applies the «legal business agreement», i.e. the standard rules of the LLC law, whenever there is no written agreement. .