That's what I'm asking....does New Jersey state law allow this? No where in the standard "stock" operating agreement does it discuss the matter, only that capital contribution amounts should be clarified per member in the schedule at the end of the operating agreement. I might add that the term member in its simplest definitions does not imply ownership, and perhaps if one couldn't not have any ownership, an LLC would be comprised instead of owners rather than members to make that point more clear?
