How Best to Grant Others Power to Act on Behalf of LLC

[Jason Timmerman]

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?

[Jeff B.]

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.