Filing a New Jersey LLC
Those looking to start a business will likely find significant benefit in the LLC structure. For one, the filing process is rather straightforward, so long as prospective owners pay close attention to detail. Furthermore, the LLC structure provides business owners with protections against corporate liabilities. This could potentially make filing as a New Jersey LLC beneficial for new business owners.
Steps To Filing a New Jersey LLC
Choose A Name
The first thing that prospective owners must do is choose a name for their business. The state of New Jersey requires companies to include an indicator that they are an LLC when creating their name. So, you’ll want to add something like “L.L.C.” or “Limited Liability Company” in your company name. You’ll also want to make sure that you do not try to use a name that is already in use. Using the DoMyLLC Name Availability Check Page can prevent this from happening.
Choose A Registered Agent
After choosing a name, you’ll also need to select a registered agent for your New Jersey LLC. Registered agents can play an integral role in determining how successful a new company will be, primarily because agents are responsible for accepting legal correspondence on the company’s behalf and forwarding it to the appropriate members. For that reason, new business owners should consider hiring a professional third-party company like DoMyLLC to act as their registered agent.
File Public Records Filing & Pay Filing Fees
Once the name and registered agent is in place, prospective owners will then want to submit a Public Records Filing with the New Jersey Division of Revenue. There is a $125 fee to do so. This document will include other vital information including:
- Business name
- Business purpose
- Name and address of the registered agent
- Main business or principal business address
- Names and addresses of managers
- Signature of organizers
File Initial Report
New Jersey LLC owners will not have to file an Initial Report but should pay close attention to annual reporting requirements.
Create An Operating Agreement And Hold Meetings
New Jersey LLC owners will also want to draft an operating agreement. This document clarifies how the company will conduct business. Once in place, members can begin holding meetings.
Obtain Employer Identification Number
Business owners will also need to secure an Employer Identification Number. This number will allow the business to file taxes and open a bank account.
File State Required Annual Reports
New Jersey LLCs must also file an Annual Report each year. This report is due by the end of the anniversary month of the company’s founding. The filing fee to submit this report is $52.50. Although there is no late fee for not filing on time, the state will dissolve a business if it does not file an Annual Report for two years. The New Jersey Annual Report page offers more information.
Each year, New Jersey LLCs must also renew permits and licenses necessary to conduct business. Furthermore, they must also file taxes at the federal, state, and local levels.
How DoMyLLC Can Assist With Streamlining The Process
If you are interested in forming a New Jersey LLC, you should strongly consider hiring DoMyLLC to help. We offer services such as:
- Name availability check
- Public Records Filing preparation
- Filing of the Public Records Filing with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Allowing us to streamline the process affords you more time to focus on your business. Contact us today to learn more.