The New Jersey State Bar Association Supports S-3689 (Lagana), which amends the Revised Uniform Limited Liability Company Act to allow a limited liability company to terminate an alternate name prior to the expiration date of the five-year registration period. Currently only corporations are permitted to do this. Businesses are required to terminate usage of an alternate name, which occurs to resolve things like a trade name dispute or to comply with the requirements of a merger or acquisition agreement, or simply reflect a change in business direction. This bill would provide LLCs with the same flexibility afforded to corporations, which are currently permitted to terminate an alternate name prior to the five-year registration period.
For these reasons, the NJSBA supports S-3689 and urges you to vote yes.