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If an LLC was formed less than 12 months ago, submit Form LLC-4/8—a short-form cancellation certificate. ... New Jersey. The process to dissolve a NJ LLC involves the following steps:
Under the terms of the New Jersey State Constitution of 1947 and the Faulkner Act of 1950, a municipality may obtain a special charter form from the New Jersey Legislature, providing a unique form of governmental organization for that community. [1]
Pursuant to certain statutes, state agencies have promulgated regulations, also known as administrative law.The New Jersey Register is the official journal of state agency rulemaking containing the full text of agency proposed and adopted rules, notices of public hearings, gubernatorial orders, and agency notices of public interest. [6]
The Optional Municipal Charter Law or Faulkner Act (N.J.S.A 40:69A-1 [1], et seq.) provides New Jersey municipalities with a variety of models of local government. This legislation is called the Faulkner Act in honor of the late Bayard H. Faulkner, former mayor of Montclair, New Jersey, U.S., and former chairman of the Commission on Municipal Government.
Its session laws are published in the Acts of the Legislature of the State of New Jersey, commonly known as the Laws of New Jersey, [4] which are codified in the New Jersey Statutes (N.J.S.), [5] also referred to as the Revised Statutes (R.S.), [5] which are in turn published in the New Jersey Statutes Annotated (N.J.S.A.). [6]
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[14] [15] Unlike the traditional LLC, the L3C's articles of organization are required by law to mirror the federal tax standards for program-related investing. [16] A program-related investment (PRI) is one way in which foundations can satisfy their obligation under the Tax Reform Act of 1969 to distribute at least 5% of their assets every year ...
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
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