{"data":{"id":"us-nj/n.j.-stat.-42-2c-4","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:2C-4","heading":"Nature, purposes and duration of limited liability company.","body":"4.\tNature, Purpose and Duration of Limited Liability Company.\na.\tA limited liability company is an entity distinct from its members.\nb.\tA limited liability company may have any lawful purpose, regardless of whether for profit.\nc.\tA limited liability company has perpetual duration.\nL.2012, c.50, s.4.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b47fca4196cd11efa4c084c2392d5dde805e495477866021f33de96cbab7707f","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-2c-3","next":"us-nj/n.j.-stat.-42-2c-5"},"notice":"GroundRules: Original legal text. Not legal advice."}