Fiduciary Duty in the NJ Revised Uniform Limited Liability Company Act

The New Jersey legislature recently passed the New Jersey Revised Uniform Liability Company Act, which makes some major changes to fiduciary duties among LLC members. I’m proud to announce that New Jersey Law Journal recently published an article of mine on the topic. 

To download the article as a PDF, click here.

As outlined in the article, as a result of this change in New Jersey LLC law, for many clients forming New Jersey based businesses with investors it may be preferable to form an LLC under Delaware law rather than New Jersey law.
 
If you’d like to discuss the pros and cons of forming under Delaware law rather than New Jersey law, feel free to contact me.
 
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