Overview of LLC Operating Agreements in New Jersey
Operating agreements outline LLC ownership and operations. Though not legally required in most states, New Jersey LLCs benefit from creating one.
An operating agreement provides guidance for resolving disputes, assigning interests, allocating profits and losses, and describing member responsibilities.
Steps to Form an LLC in New Jersey
To form an LLC in New Jersey, you will have to file a certificate of formation with the Division of Revenue and Enterprise Services. You can register with New Jersey by filling out the form online and paying the required state filing fee.
Annual Fees and Processing Times for a New Jersey LLC
Standard LLC formation processing times vary between 2 to 4 weeks. You could expedite services to get processed in 1-2 hours or within the same day. The main benefit of a New Jersey LLC is liability protection. You distance yourself as an individual from your company.
In New Jersey, operating LLCs must register state taxes with form NJ-REG at least 15 days before opening. You can operate under an Alternative Name by filing that form. Out-of-state entities need a certificate of good standing from their home state. You may need other licenses for your business.
Resources for Forming an LLC in New Jersey
If you need help starting an LLC in NJ, you can post your legal need on UpCounsel’s marketplace. UpCounsel accepts only the top 5 percent of lawyers. Lawyers on UpCounsel come from law schools like Harvard and Yale and average 14 years of experience.