North Carolina Limited Liability Company Operating Agreement
This Operating Agreement is made and entered into effective as of the ____ day of __________, 20__, by and among the following members:
- Member Name: ___________________________
- Address: ______________________________
- Member Name: ___________________________
- Address: ______________________________
This agreement is governed by the laws of the State of North Carolina, specifically under the North Carolina Limited Liability Company Act (Chapter 57D of the North Carolina General Statutes).
1. Formation
The members have formed a Limited Liability Company (LLC) under the name of:
Company Name: _____________________________________
2. Purpose
The purpose of this LLC is to engage in any lawful business for which LLCs may be formed in North Carolina.
3. Principal Office
The principal office of the LLC shall be located at:
Address: _____________________________________
4. Duration
The duration of the LLC shall be perpetual unless terminated according to the provisions of this agreement.
5. Member Contributions
Each member agrees to contribute to the LLC as follows:
- Member Name: ____________________________ - Contribution: $_________________
- Member Name: ____________________________ - Contribution: $_________________
6. Profits and Losses
Profits and losses shall be allocated to members in proportion to their respective contributions.
7. Management
The management of the Company shall be vested in:
- Member Name: ____________________________
- Member Name: ____________________________
Each member shall have the authority to bind the LLC in contracts and agreements.
8. Indemnification
The LLC shall indemnify each member against any losses or expenses incurred in connection with the LLC, to the fullest extent permitted by law.
9. Amendment
This Operating Agreement may be amended only with the written consent of all members.
10. Governing Law
This agreement shall be governed by and construed in accordance with the laws of the State of North Carolina.
Signatures
IN WITNESS WHEREOF, the members have executed this Operating Agreement as of the day and year first above written.
Member Signature: _______________________________ Date: ______________
Member Signature: _______________________________ Date: ______________