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Updated over 8 years ago on . Most recent reply

How Best to Grant Others Power to Act on Behalf of LLC
Hello,
So I have an LLC established in North Carolina. I am looking to expand in to the New Jersey market. I have two friends in NJ who are going to act on behalf of the LLC in that state. What is the best model to establish? Do I make them managers? Do we make them agents? Do I execute a power of attorney? If I do execute a power of attorney on behalf of the LLC, won't it transfer power from me to my friends?
Most Popular Reply

First, you need to Foreign File in NJ to operate in that state, the NC LLC is not portable without such a filing.
A clearly written POA enumerating the powers granted would be a protection for everyone.
This is my personal opinion, so seek legal counsel.