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Form a Business

Sharing of profits and losses.

R.I. Gen. Laws § 7-16-26
in effect
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7-16-26. Sharing of profits and losses. Unless otherwise provided in the articles of organization or the operating agreement, the profits and losses of a limited liability company shall be allocated to each member on the basis of the member’s capital value. P.L. 1992, ch. 280, § 1.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-16/7-16-26.htmFetched: 10/20/2026

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