What Paper Work is Involved with a Limited Liability Company in New Jersey?
First, a certificate of formation must be filed with the State Department of Treasury. Second, if the limited liability company is to be structured properly, an Operating Agreement and organization minutes must be prepared. There are many different issues that can be addressed in the Operating Agreement depending on the circumstances of your company. You should discuss your individual situation with your attorney for advice on how to best prepare your Operating Agreement. • What Is The Difference Between An LLC And an S-Corporation? S corporations and limited liability companies both permit pass-through taxation, but a limited liability company is more flexible in allocating income amongst the members. Also, an LLC may offer several classes of interest while an S-corporation may only have one class of stock. • What Are The Requirements For Naming Your Limited Liability Company? The name you select must not be the same as or deceptively similar to an existing company in your state. For
