North Carolina Multi-Member LLC Operating Agreement Template
The partners' agreement for an LLC with two or more owners: who decides what, how money moves, and what happens when someone leaves. This edition of the form is completed for North Carolina: the governing statute, filing office and document names below are already typed in, and the clauses North Carolina law treats differently from the state-neutral version have been adjusted.
Buy and download
What the North Carolina edition already fills in
Governing law line on the cover: North Carolina — North Carolina Limited Liability Company Act, N.C. Gen. Stat. ch. 57D.
| Item | North Carolina |
|---|---|
| LLC statute | North Carolina Limited Liability Company Act, N.C. Gen. Stat. ch. 57D |
| Formation document (LLC) | Articles of Organization |
| Filing office | North Carolina Secretary of State, Business Registration Division |
| Annual filings | Annual report by April 15 |
| Final filing on dissolution (LLC) | Articles of Dissolution |
| Publication requirement | None |
| Community property | No — common-law (separate) property state; the spousal acknowledgment is optional |
What is inside
- Key Terms table with every fill-in field on one page
- Manager-managed structure with a Major Decisions list
- 704(b) capital accounts and distribution rules
- Right of first refusal and buyout on death, disability or withdrawal
- Spousal acknowledgment for community-property states
- Instruction Sheet: every field, every choice, after-signing checklist
How it works
- Buy and download the zip (Word .docx files).
- Open the Instruction Sheet; it explains every field in plain language.
- Open the North Carolina edition and replace each yellow [BRACKETED FIELD].
- Delete the cover page, print or sign electronically, keep the signed original with your records.
Questions
Is this multi-member llc operating agreement valid in North Carolina?
Yes. The North Carolina edition is the state-neutral form with the North Carolina statute, filing office and document names typed in, and the clauses North Carolina treats differently adjusted. It is a template you complete yourself; have an attorney licensed in North Carolina review it if your situation is unusual.
What file do I get?
A zip with the North Carolina edition and all other 50 state editions, each as Word (.docx) files in English and Spanish, plus the Instruction Sheet. Open in Microsoft Word, Google Docs or LibreOffice.
How do I complete it?
Open the Instruction Sheet first. Replace each yellow [BRACKETED FIELD] with your information, delete the options you do not use, delete the cover page, then print or e-sign.
Do I need a notary or a lawyer?
The Instruction Sheet says when a signature needs a notary and lists the situations where the form is not enough and an attorney should review it.
Other North Carolina templates
- North Carolina Single-Member LLC Operating Agreement
- North Carolina LLC Resolutions and Written Consents Pack
- North Carolina LLC Membership Interest Purchase Agreement (Member Buyout)
- North Carolina LLC Dissolution and Winding-Up Kit
- North Carolina Corporate Bylaws and Organizational Consents
- North Carolina Corporate Resolutions and Secretary's Certificates Pack
- North Carolina Non-Disclosure Agreement (NDA)
- North Carolina Independent Contractor Agreement
- North Carolina Services Agreement (Provider-Side)
- North Carolina Promissory Note with Optional Guaranty
- North Carolina Commercial Lease Agreement
- North Carolina Employment Offer Letter + Employee Confidentiality Agreement
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