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 Ncdor 2015-2025

Nc Dor Gov 2015-2025 Form

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Instructions and help about ncdor form ro 1033

hey everybody i'm attorney jason mcgrath with the law from mcgrath and spielberg i'm going to talk to you about uh why you should care that the north carolina limited liability company act changed in 2014 and the reason that i'm going to discuss today is having to do operating agreements it was always a bad idea not to have a written operating agreement but now it's really really a bad idea not to have a written operating agreement and here's why basically the operating agreement for an llc kind of sets the rules of the road and so issues like voting and who controls decision making you know whether members and owners are obligated to make additional cash contributions uh who has what role on the company and also things you know that are beyond your control such as if a member or an owner you know passes away unfortunately you know what happens to that membership interest that ownership interest there are certain scenarios where that individual&a

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