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New Jersey LLC Operating Agreements (2)

A New Jersey LLC operating agreement is a legal document that establishes the structural components of a company, such as daily operations and ownership. Members must unanimously agree to the terms of the agreement and sign it for it to become effective. Should any terms change, members must add an amendment to the original agreement.
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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.

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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.

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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.


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