A New Jersey single-member LLC operating agreement helps a sole proprietor define business practices, procedures, and daily operations. This document provides corporate-style protection by separating personal and business assets, limiting liability, and offering tax benefits.
Step 1: Business Name
Enter your LLC’s name here. Pick a distinctive name representing your business that complies with New Jersey’s naming rules.
For example, “City Sweets Bakery, LLC” for a bakery business.
Step 2: Agreement Date
Specify the date you sign the agreement. The date establishes when the terms became active.
For instance, “September 30, 2023” if signed on that date.
Step 3: Company and Owner Information
Provide your LLC’s name again, plus the sole owner’s name executing the agreement. This identifies the parties involved and their positions within the LLC.
For example, “City Sweets Bakery, LLC” and “Mary Smith” for owner Mary Smith.
Step 4: LLC Formation
Cover when you filed the Articles of Organization, and your LLC’s name.
For instance, if you filed the Articles for “City Sweets Bakery, LLC” on June 1, 2023 in New Jersey, include those details.
Step 5: Purpose and Powers
Outline your LLC’s business purpose(s) and capabilities. Describe the specific activities your LLC will conduct.
For a bakery, you could state: “To bake and sell cakes, pies, cookies…” plus “offer catering for events…”
Step 6: Authority
Confirm you as sole owner can make decisions for the company. Include your name to explicitly establish your authority.
“Mary Smith, as sole member, has full authority to act on behalf of the Company…”
Step 7: Signature
Sign and print your name at the end, legally confirming you agree to the operating agreement terms.
Mary Smith signs and prints her name.
Conclusion
In summary, this guide outlines completing a New Jersey single-member LLC operating agreement, promoting business success and protection. Consult an attorney for further help if needed.
