Required in New Jersey?
No. LLCs in New Jersey are not legally required to adopt an operating agreement.
By Type (2)
Single-Member LLC Operating Agreement – This document is designed for LLCs with only one (1) owner. The document will allow for the recording of daily business practices and the ability to maintain a separate legal status between personal and business purposes.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – This document should be selected for LLCs that have more than one (1) owner. The document would establish all ownership, as well, it would establish the various financial relationships between the managers and partners.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in subsection a. of section 11 of this act. The term includes the agreement as amended or restated.