The purpose of the Wake LP is to:
- Serve as a local affiliate of the Libertarian Party of North Carolina (LPNC)
- Maintain a statement of key issues in Wake County and a Wake LP stance on those issues as a guide for Libertarian political candidates and office-holders within Wake County
- Disseminate libertarian ideas by entering into political information activities
- Encourage members to seek political offices throughout Wake County, and nominate candidates to endorse during elections for those offices
- Recognize and promote local Libertarian organizations throughout Wake County
- Endorse and support Libertarian candidates running for offices on behalf of the LPNC and the national Libertarian Party (LP)