Low-Profit Limited Liability Company Articles Of Organization (Page 3 of 3) in pdf

ARTICLES OF ORGANIZATION

(Form L3C-01)

Item 1 Enter the complete company name, which must contain the words “low-profit limited liability company” or the

abbreviation “L3C” required by N.C.G.S. § 55D-20(a)(6).

Item 2 Enter the latest date on which the limited liability company may dissolve. If no date for dissolution is specified,

there shall be no limit on the duration of the limited liability company. (See N.C.G.S §57C-2-30)

Item 3 Enter the name and address of each person who executes the articles of organization and whether they are executing

them in the capacity of a member or of an organizer or both. Unless the articles of organization provide otherwise,

each person executing the articles of organization in the capacity of a member of the limited liability company

becomes a member at the time that the filing by the Secretary of State of the articles of organization of the limited

liability company becomes effective. (See N.C.G.S. § 57C-3-01)

Item 4 Enter the complete street address of the registered office and the county in which it is located.

Item 5 Enter the complete mailing address of the registered office only if mail is not delivered to the street address shown

in Item 4 or if the registered agent prefers to have mail delivered to a P.O. Box or Drawer.

Item 6 Enter the name of the registered agent. The registered agent must be either an individual who resides in North

Carolina; a domestic business corporation, nonprofit corporation, or limited liability company whose business office

is identical with the registered office; or a foreign corporation, nonprofit corporation or limited liability company

authorized to transact business or conduct affairs in North Carolina whose business office is identical with the

registered office.

Item 7 Select item “a” if the limited liability company has a principal office. Enter the complete street address of the

principal office and the county in which it is located. If mail is not delivered to the street address of the principal

office or if you prefer to receive mail at a P.O. Box or Drawer, enter the complete mailing address of the principal

office.

Select item “b” if the limited liability company does not have a principal office.

Item 8 Unless the articles of organization provide otherwise, all members shall be managers of the LLC, together with any

other persons designated as managers in, or in accordance with, the articles of organization or the LLC’s written

operating agreement. If the articles of organization provide that all members are not necessarily managers by virtue

of their status as members, then those persons designated as managers in, or in accordance with, the articles of

organization or a operating agreement shall manage the LLC, except for such period during which no designation

has been made or is in effect, in which case all members shall be managers.

Item 9 Statement required by statute to organize a low-profit limited liability company.

Item 10 N.C.G.S. §57C-2-21(b) states that the articles of organization may contain any provision not inconsistent with law,

including any matter that under Chapter 57C is permitted to be set forth in a limited liability company’s operating

agreement. The name and address of each of the initial members of the limited liability company may be stated as an

attachment. Unless the articles of organization provide otherwise, each person who is named in the articles of

organization as a member of the limited liability company becomes a member at the time that the filing by the

Secretary of State of the articles of organization of the limited liability company becomes effective. (See N.C.G.S.

§ 57C-3-01)

Item 11 The document will be effective on the date and at the time of filing, unless a delayed date or an effective time (on

the day of filing) is specified. If a delayed effective date is specified without a time, the document will be effective

at 11:59:59 p.m. Raleigh, North Carolina time on the day specified. If a delayed effective date is specified, the

document will be effective on the day and at the time specified. A delayed effective date may be specified up to and

including the 90th day after the day of filing.

Date and Execution

Enter the date the document was executed.

In the blanks provided enter:



The name of the entity executing the Articles of Organization; if an individual, leave blank.



The signature of the member and/or organizer or representative of the organizing entity.



The name of the member and/or organizer or name of the above-signed representative.



The title of the individual or entity executing the Articles of Organization (i.e. Organizer, Member or both)



The document may, but need not, contain an acknowledgment, verification, or proof.

Low-Profit Limited Liability Company Articles Of Organization Page 3

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