The Uniform Limited Liability Company Act mandates that a limited liability company member has the right to an equal share in profits,and that such right may not be modified.

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The Uniform Limited Liability Company Act does not mandate that a limited liability company member has the right to an equal share in profits. Rather, it allows LLC members to distribute profits and losses in any way they see fit, as long as the operating agreement permits it. The operating agreement can also modify the right to receive profits among members.

The Uniform Limited Liability Company Act Mandates That a Limited