Multi-Member LLC Operating Agreement Template - North Carolina

If your company is owned by multiple individuals who want to determine the right course of action for the entity as soon as it is formed and registered, draft a North Carolina Multi-Member LLC Operating Agreement . This is a formal contract that confirms the legitimate status of the organization, absolves the members of the board of personal liability for the debts accumulated by the company, and prevents internal disputes by listing the steps to take whenever a challenging issue occurs.

You can download a North Carolina Multi-Member LLC Operating Agreement template below - it is not required by the laws of the state but it will be a good idea to have a manual of rules available when the owners need to refer to the short- or long-term goals of the organization. Apart from that, an operating agreement usually indicates the duties of the owners, explains how the profit and stock are distributed, describes the voting process , and elaborates on organizational matters like the addition of a new member or termination of business activities .

Still looking for a particular template? Take a look at the related forms and templates below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.