In 2012, the Legislature passed the Revised Uniform Limited Liability Company Act, N.J.S.A. 42:2C-1, et seq. (RULLCA). It became applicable to all LLCs in the state in 2014. Modeled on the national Revised Uniform Limited Liability Company Act, it made several significant changes to existing New Jersey law on LLCs. New Jersey limited liability company members should know what their rights and responsibilities are under RULLCA. Many of the … [Read more...] about New Jersey Revised Uniform Limited Liability Act (RULLC Act)