1. Home »
  2. Multi-Member

New Jersey Multi-Member LLC Operating Agreement

A New Jersey multi-member LLC operating agreement is a document that commits multiple members, or owners, of a limited liability corporation to a clear set of expectations about how the company will be run. The agreement includes such information as:

  • Who owns interests;
  • What contributions those members made;
  • How members can transfer ownership interests;
  • How profits and losses will be distributed;
  • Members’ powers and duties;
  • How accounting and taxes will be managed;
  • How the company will be dissolved, if it comes to that;
  • and more.

Each signatory to the agreement should keep a signed copy on file.

New Jersey Multi-Member LLC Operating Agreement