Amendments to North Carolina's LLC statute (fictive, for demonstration) sharpen the default rules around member withdrawal, transfer restrictions, and manager duties. For family businesses, the defaults matter more than they should — because most family operating agreements were written once and never revisited.

Transfer restrictions. If a member's interest can pass by divorce decree or intestacy, the family business acquires a new owner without a vote. Buy-sell provisions with clear triggers and valuation mechanics prevent that outcome.

Manager duties. Second-generation managers often operate on trust rather than documented authority. Spelling out which decisions require member approval protects the manager as much as the members.

The practical step is unglamorous: pull the operating agreement, read it against how the business actually runs today, and amend the gaps.