2010 Georgia Code
TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
CHAPTER 11 - LIMITED LIABILITY COMPANIES
ARTICLE 4 - FINANCE
§ 14-11-403 - Allocation of profits and losses
. 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.
Graham Syfert - Jacksonville Lawyer