Allows certain limited liability companies to terminate alternate names before end of five-year registration period.*

This New Jersey bill allows limited liability companies (LLCs) to terminate a registered alternate name before the five-year registration period ends. Previously, LLCs had to wait out the full five years, unlike corporations which could terminate early, creating a regulatory disparity. The bill requires LLCs to file a termination certificate with the State Treasurer stating they've ceased using the name, with a $50 fee. This change aligns LLC regulations with corporate rules for managing alternate names under New Jersey's limited liability company law.