How to Create a Series LLC in New Jersey

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among the series, providing a flexible and cost-effective way to manage multiple business ventures under one umbrella entity.

Does New Jersey Allow Series LLCs?

As of the current date, New Jersey does not authorize the formation of Series LLCs under its state laws. The New Jersey Revised Statutes do not include provisions for Series LLCs, and thus, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures, such as Delaware or Illinois.

New Jersey Series LLC Filing Fees and Costs

Since Series LLCs cannot be formed in New Jersey, there are no specific filing fees or costs associated with them in the state. Businesses should refer to the fee schedules of states that permit Series LLCs.

New Jersey Franchise Tax and Series LLCs

New Jersey does not impose a franchise tax on Series LLCs, as they are not recognized in the state. Businesses should consult the tax regulations of states where Series LLCs are allowed.

Additional Resources

• New Jersey Division of Revenue and Enterprise Services
• New Jersey Business Formation
• New Jersey Online Business Filing System
• New Jersey Division of Taxation

Disclaimer

This article provides general information about New Jersey LLC formation requirements under the New Jersey Revised Statutes. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.