A single member limited liability company without the standard language that must be included in organizational documents to obtain federal charitable exemption has been denied real estate tax exemption in New Jersey. In an unpublished opinion, the state Tax Court has denied exemption for five properties owned by an LLC with a charity as its single member because the LLC itself does not claim to be a charitable organization in its organizational documents. Single member LLCs with a charity as the single member are routinely disregarded by the Internal Revenue Service and the LLC, which is a separate entity for state law purposes, is treated as a part of the 501(c)(3) parent for federal tax...