Steps to Start an LLC in New Jersey
- Name Your LLC
- Choose a Registered Agent
- File the Certificate of Formation
- Register your Business for Tax
- Create an Operating Agreement
- Get an EIN
- Use a professional service: Northwest ($29 + State Fees), LegalZoom ($79 + State Fees)
Naming Guidelines for New Jersey LLCs
Your name must be distinguishable from any other New Jersey limited liability company, corporation, or limited partnership. It’s worth being aware that your LLC can apply for authorization to use an indistinguishable name.
Cost and Support for New Jersey LLCs
To start an LLC in New Jersey, you must choose a name, appoint a registered agent, file a certificate of formation with the state Division of Revenue and Enterprise Services, register for taxes, create an operating agreement, and obtain an Employer Identification Number (EIN) from the IRS. Use Northwest ($29 + state fees) or LegalZoom ($79 + state fees) to handle the paperwork.
Starting an LLC provides low-cost startup assistance up to $1.5 million in Garden State Growth Zone Business Lease Incentives like reimbursements on lease payments. However, cons of an NJ LLC include drawbacks to consider before registration like the $125 filing fee for the Certificate of Formation.
With transportation networks and skilled workers, New Jersey offers immense growth opportunities as an ideal business location. Support includes the SBA to plan, launch, and grow a business and SCORE’s volunteer expert business mentors. The NJ Division of Taxation also holds small business tax workshops.
To maintain a New Jersey LLC, you must pay a $75 annual fee plus 6.625% state income tax, sales tax, and federal taxes. Costs to form an LLC range from filing paperwork yourself for free to hiring an attorney for $2,500+. LLC filing services range from $50-$300. Save time with Northwest ($39 + state fee) or LegalZoom ($149 + state fee).