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To remove a member from an LLC in North Carolina, you typically need to follow the procedures outlined in your operating agreement. If your agreement does not specify a process, you will likely need to hold a meeting and pass a resolution, adhering to the guidelines set by the North Carolina Resolution of Meeting of LLC Members to Amend the Articles of Organization. Utilizing services like uslegalforms can provide templates and guidance to simplify this process for you.
To amend your North Carolina articles of incorporation, you just need to submit form B-02, Articles of Amendment, Business Corporation to the North Carolina Secretary of State, Corporations Division (SOS) by mail, in person, or online. A Coversheet for Corporate Filings is required for over the counter filings.
The only way a member of an LLC may be removed is by submitting a written notice of withdrawal unless the articles of organization or the operating agreement for the LLC in question details a procedure for members to vote out others.
To amend (change, add or delete) provisions contained in the Articles of Incorporation, it is necessary to prepare and file with the California Secretary of State a Certificate of Amendment of Articles of Incorporation in compliance with California Corporations Code sections 900-910.
To amend a North Carolina LLCs articles of organization, you file form L-17, Limited Liability Company Amendment of Articles of Organization with the North Carolina Secretary of State, Corporations Division SOS. You can submit the amendment by mail, in person, or online.
Articles of Amendment are filed when your business needs to add to, change or otherwise update the information you originally provided in your Articles of Incorporation or Articles of Organization.
Every North Carolina LLC owner should have an operating agreement in place to protect the operations of their business. While not legally required by the state, having an operating agreement will set clear rules and expectations for your LLC while establishing your credibility as a legal entity.
Percentages of Ownership Members usually receive ownership percentages in proportion to their contributions of capital, but LLC members are free to divide up ownership in any way they wish. These contributions and percentage interests are an important part of your operating agreement.
Depending on your state, you will probably do this through:Filing Articles of Amendment with your state's business registration agency.Filing a Statement of Information: with your state's business registration agency.Providing a notice of ownership change as part of your annual reporting requirements.
LLC ownership percentage is usually determined by how much equity each owner has contributed. The ownership interest given to each owner can depend on the need of the limited liability company and the rules of the state where the LLC has been formed.