Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.
Tenn. Code Ann. § 48-220-101
Sharing of profits and losses
Acts 1994, ch. 868, § 1.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.