Steps to Start a Sole Proprietorship in New Jersey
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Choose a unique business name. Search to ensure another business isn’t using it.
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Obtain any necessary permits and licenses for your business. Requirements depend on your industry.
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Get an Employer Identification Number (EIN) from the IRS if you plan to hire employees. This separates personal and business finances.
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Register your business name with the New Jersey county clerk where located. This prevents other businesses from using the name. Fees range from $50-54.
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Register your business name with the New Jersey Division of Revenue. This protects the name.
Additional Information
While no business registration is required, you may need to take additional steps depending on your business activities. You can hire employees by obtaining an EIN or independent contractors without an EIN.
Cost of Starting a Sole Proprietorship in New Jersey
Starting a sole proprietorship in New Jersey only costs $50 to register your DBA name with the county, simpler than other structures requiring more paperwork.