§ 14-11-403 - Allocation of profits and losses - Georgia Statutes

O.C.G.A. 14-11-403 (2010)
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.