A North Carolina LLC operating agreement organizes the operational procedures of a limited liability company to a concrete filing. It stipulates management strategies, member roles, and profit distribution policies.
No, but it is strongly recommended. The form constructs a framework to set business operation standards and reinforce liability protections.
Multi-Member LLC Operating Agreement – Assigns a contract to specify the operational structures and roles within a limited liability company with several members.
Single-Member LLC Operating Agreement – Distributes a written record delineating operating rules for an LLC owned by a sole participant.
