North Carolina § 57D-2-01 - Nature, purposes, duration, existence.
Full text of North Carolina North Carolina General Statutes § 57D-2-01 — Nature, purposes, duration, existence., with citation guidance and answers to common questions.
§ 57D-2-01. Nature, purposes, duration, existence.
An LLC is an entity distinct from its interest owners. An LLC has perpetual duration. Subject to subsection (d) of this section, an LLC may engage in any lawful business. A limited liability company engaging in a business that is subject to regulation under another statute of this State may be formed or authorized to transact business under this Chapter if not precluded by the other statute and is otherwise subject to the application of the other statute, which in the case of a limited liability company rendering a professional service requires giving effect to G.S. 57D-2-02. After the dissolution of an LLC, the LLC continues its existence but shall wind up pursuant to G.S. 57D-6-07. History (2013-157, s. 2.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 57D-2-01
What does North Carolina General Statutes § 57D-2-01 cover?
Section 57D-2-01 ("Nature, purposes, duration, existence.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 57D-2-01?
A common citation format is "North Carolina General Statutes § 57D-2-01" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 57D-2-01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.