The New Jersey LLC operating agreement is used by an LLC’s members to lay out their company’s ownership structure, financial management, and various internal policies. Important provisions include LLC taxation, members’ rights and responsibilities, accounting protocols, contributions and distributions, and the handling of the company’s dissolution or liquidation.
The New Jersey LLC operating agreement is used by an LLC’s members to lay out their company’s ownership structure, financial management, and various internal policies. Important provisions include LLC taxation, members’ rights and responsibilities, accounting protocols, contributions and distributions, and the handling of the company’s dissolution or liquidation.
No – However, default state laws will govern the LLC structure, which may not benefit all parties without an operating agreement in place.
 Single-Member LLC Operating Agreement – LLCs with only one owner should use this document.
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 Multi-Member LLC Operating Agreement – LLCs with two or more owners should use this operating agreement.
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