A single member limited liability company organized to conduct “any legal business enterprise” is not entitled to real estate tax exemption, even though the single member is a 501(c)(3) public charity, the Appellate Division of the Superior Court of New Jersey has ruled. Single member limited liability companies are considered “disregarded entities” under federal tax law, and the tax exempt status of the single member is deemed applicable to the LLC. But local real estate exemptions are not so clearly derivative. The case arose when Oorah, a 501(c)(3) public charity organized to support various outreach programs for unaffiliated Jews, acquired an office/warehouse and then immediately...