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. (Code 1981, § 14-11-403, enacted by Ga. L. 1993, p. 123, § 1.) 14-11-404. Distributions.