New Jersey Operating Agreement
This Operating Agreement is made and entered into as of [Date] by and among the following members:
- [Member Name 1]
- [Member Name 2]
- [Member Name 3]
In accordance with the New Jersey Limited Liability Company Act (N.J.S.A. 42:2C-1 et seq.), this document establishes an agreement among the members of [LLC Name], a limited liability company formed under the laws of New Jersey.
Article I: Formation
- The name of the LLC is [LLC Name].
- The principal place of business is located at [Address].
- The duration of the LLC shall be [Duration].
Article II: Purpose
The purpose of the LLC is to [Business Purpose].
Article III: Members
The Members of the LLC and their respective ownership percentages are as follows:
- [Member Name 1]: [Ownership Percentage]
- [Member Name 2]: [Ownership Percentage]
- [Member Name 3]: [Ownership Percentage]
Article IV: Management
The management of the LLC shall be vested in:
- [Member-managed] or
- [Manager-managed]
If manager-managed, the Managers are:
- [Manager Name 1]
- [Manager Name 2]
Article V: Voting Rights
Decisions shall be made based on the following voting structure:
- [Majority Vote]
- [Unanimous Consent]
Article VI: Distributions
Distributions shall be made to the Members in proportion to their respective ownership interests, unless otherwise stated.
Article VII: Amendments
This Operating Agreement may be amended only by the written consent of all Members.
Article VIII: Miscellaneous
If any provision of this Agreement is found to be unenforceable, the remaining provisions shall continue to be valid and enforceable.
IN WITNESS WHEREOF, the Members have executed this Operating Agreement as of the date first above written.
[Member Name 1] ____________________ (Signature)
[Member Name 2] ____________________ (Signature)
[Member Name 3] ____________________ (Signature)