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Subject:
Writing the Business Purpose for LLC for filing purpose
Category: Business and Money > Small Businesses Asked by: llgg-ga List Price: $2.00 |
Posted:
25 Apr 2006 14:07 PDT
Expires: 26 Apr 2006 07:13 PDT Question ID: 722744 |
I am in the inital process of establishing a single-member LLC in NJ. My question is how I should describe the Business Purpose of my LLC for filing purpose. I don't think I need to get into detail of the nature of the business. The following passage is extracted from NJ-Business registration packet p22. "Provide a brief description of the business purpose for the public record. If the business is a domestic forprofit corporation, you may leave this field blank and thereby rely on the general purpose clause provided in N.J.S.A. 14A: The purpose for which this corporation is organized is(are) to engage in any activity within the purposes for which corporations may be organized under N.J.S.A. 14A:1-1 et seq. " |
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There is no answer at this time. |
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Subject:
Re: Writing the Business Purpose for LLC for filing purpose
From: myoarin-ga on 26 Apr 2006 03:48 PDT |
You might look at N.J.S.A 14a ... and see if there are any activities that you wish to rule out completely. People starting up often think they know exactly what their company will be doing and proudly want to define that as the business purpose, but this restricts the possible activities and is not recommended. Just a free comment. Good luck. |
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