Operating Agreement Llc Nc Template

Disclaimer

The document provided is intended solely as a general template for establishing a limited liability company operating agreement in North Carolina. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney experienced in business formations and state-specific regulations. Laws and requirements may vary depending on local jurisdiction, and adjustments may be necessary to ensure compliance. The use of this template is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This sample Operating Agreement for LLC in North Carolina illustrates typical clauses; specific details may vary based on individual circumstances and legal advice. Customize accordingly.

Operating Agreement of ABC LLC (North Carolina)

Parties:

Member 1: Alice Johnson
Address: 789 Maple Drive, Charlotte, NC 28202

Member 2: Bob Smith
Address: 456 Oak Street, Raleigh, NC 27601

Formation of the LLC:

This Limited Liability Company (“LLC”) was formed pursuant to the North Carolina Limited Liability Company Act on ____________________, by filing the Articles of Organization with the North Carolina Secretary of State.

Business Purpose:

The purpose of the LLC is to engage in any lawful activity for which limited liability companies may be organized under North Carolina law.

Capital Contributions:

Members shall contribute capital as follows: Alice Johnson shall contribute $10,000, and Bob Smith shall contribute $10,000. Additional contributions may be made upon mutual agreement of the Members.

Management of the LLC:

The LLC shall be managed by its Members. Decisions shall be made by a majority vote unless otherwise specified herein.

Profits, Losses, and Distributions:

Profits and losses shall be allocated to Members in proportion to their respective contributions. Distributions shall be made at the times and in the amounts determined by the Members.

Dissolution:

The LLC may be dissolved upon the consent of Members holding at least a majority of the interest, or as otherwise provided by law. Upon dissolution, assets shall be liquidated, and liabilities settled prior to distribution of remaining assets to Members.

Amendments:

This Operating Agreement may be amended only by written agreement signed by all Members.

Governing Law:

This Agreement shall be governed by the laws of the State of North Carolina.