Revises law concerning partnerships, limited partnerships, and limited liability companies.

This bill revises New Jersey law to simplify the process for businesses to convert between entity types, such as partnerships converting to limited liability companies (LLCs) or corporations, or vice versa. It requires businesses to file a "certificate of conversion" with the Division of Revenue, including details like the original business name, conversion plan, and address for public access. The law ensures legal continuity, meaning all rights, property, debts, and liabilities of the original business automatically transfer to the new entity upon filing. This directly affects business owners choosing to restructure their operations and the Division of Revenue as the designated filing office.