Q: what law allow us to form an llc in New jersey?
A: New Jersey Uniform Limited Liability Company Act is the primary law that allows that. A Certificate of Formation must be filed by at least one person with authority to organize the LLC with the New Jersey Department of Revenue. The LLC is formed once the certificate is filed unless a deferred effective date is indicated. The certificate must include the name of the person or business designated as the registered agent. operating agreements are permitted. The agreement can be oral, implied, or a combination. A limited liability company that chooses not to have a written operating agreement in place may face a more difficult time proving the oral or implied agreement in a court. Although it may be difficult, the oral or implied agreement may trump the provisions of the Act in court. The Act stipulates an LLC can be formed for any lawful purpose for profit or non-profit.
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