Ga. Code § 14-11-403

Current through 2023-2024 Legislative Session Chapter 709
Section 14-11-403 - Allocation of profits and losses

The profits and losses, and each item thereof, of a limited liability company shall be allocated among the members in the manner provided in the articles of organization or in a written operating agreement. If the articles of organization or a written operating agreement does not so provide, profits and losses, and each item thereof, shall be allocated equally among the members.

OCGA § 14-11-403