A New Jersey LLC operating agreement composes a legal transcript to support the desired inner workings of a limited liability company. It documents the LLC’s management practices, members’ roles, and approach to profit sharing.
No, but it is strongly recommended. The agreement can assist in averting internal disputes and provides liability protection for members.
Multi-Member LLC Operating Agreement – An official filing that endorses ownership and operational expectations related to a limited liability company with multiple owning parties.
Single-Member LLC Operating Agreement – Maps out an agreement that clarifies the internal policies of an individually-owned LLC.
