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Preview - North Carolina Operating Agreement Form
North Carolina Limited Liability Company (LLC) Operating Agreement
This Operating Agreement is made effective as of the ___ day of __________, 20__, by and between the following members:
- Member Name: ___________________________
- Address: _______________________________
- Member Name: ___________________________
- Address: _______________________________
References to “Members” in this Agreement refer to the above individuals collectively.
This Agreement governs the operations and management of the Limited Liability Company formed under the laws of the state of North Carolina in accordance with N.C. Gen. Stat. § 57D-1-01 et seq.
Article I: Formation
The Members hereby agree to form a Limited Liability Company (“Company”) pursuant to the laws of North Carolina. The name of the Company shall be ____________________________.
Article II: Duration
The duration of the Company shall continue until dissolved in accordance with this Agreement.
Article III: Purpose
The purpose of the Company is to engage in the business of _______________________________ and any other lawful activities permitted under North Carolina law.
Article IV: Members’ Capital Contributions
Each Member shall contribute capital to the Company as follows:
- Member Name: ____________________ - Contribution Amount: $__________________
- Member Name: ____________________ - Contribution Amount: $__________________
Article V: Management
The management of the Company shall be vested in the Members, who may make decisions collectively or designate certain Members as managers.
Article VI: Distributions
Profits and losses shall be allocated among the Members in proportion to their respective capital contributions.
Article VII: Indemnification
The Company shall indemnify each Member to the fullest extent allowed by North Carolina law against any losses, damages, or liabilities incurred as a result of their actions on behalf of the Company.
Article VIII: Amendments
This Operating Agreement may be amended only by a written agreement signed by all Members.
Article IX: Governing Law
This Agreement shall be governed by and construed under the laws of the state of North Carolina.
IN WITNESS WHEREOF, the Members have executed this Operating Agreement as of the date first written above.
_____________________________ _______________
Member Signature Date
_____________________________ _______________
Member Signature Date
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