Start an LLC in New Jersey in Six Simple Steps
Step 1: Give Your New Jersey LLC a Name
Step 2: Select a Registered Agent.
Step 3: Submit the Certificate of Formation.
Step 4: Register your company for tax purposes.
Step 5: Establish an Operating Agreement
Step 6: Obtain an EIN
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It is simple to form an LLC in New Jersey.
To establish a New Jersey LLC, you must submit the Certificate of Formation with the State of New Jersey, which costs $125. You may submit your application online, via mail, or in person. The Certificate of Formation is the formal legal document that establishes your New Jersey Limited Liability Company.
STEP 1: Give your New Jersey LLC a name.
The first and most significant step in founding an LLC in New Jersey is selecting a business name. Make sure your name conforms with New Jersey naming regulations and is readily searched by prospective customers.
1. Follow the naming conventions:
The word “limited liability corporation” or one of its acronyms must be in your name (LLC or L.L.C.).
Your LLC’s name cannot include terms that may be confused with a government organization (FBI, Treasury, State Department, etc.).
Restricted terms (e.g., bank, attorney, university) may need extra documentation and the participation of a licensed professional, such as a doctor or lawyer, in your LLC.
Your name must be distinct from any existing limited liability business, corporation, or limited partnership in New Jersey.
2. Does the name exist in New Jersey? Do a name search on the State of New Jersey’s website to ensure that the name you choose isn’t already used.
3. Is the URL accessible? We suggest checking online to see whether your company name is accessible as a web domain. Even if you don’t intend to create a company website right away, you may wish to purchase the URL to prevent others from doing so.
STEP 2: Select a New Jersey Registered Agent
You must name a registered agent in New Jersey for your LLC.
What exactly is a registered agent? A registered agent is a person or corporate organization that receives tax forms, legal papers, lawsuit notices, and other government communication on your behalf. Consider your registered agent to be your company’s point of contact with the state.
Who is eligible to be a registered agent? A Registered Agent must be a New Jersey person or a firm, such as a registered agent service, that is permitted to do business in New Jersey. You may choose someone from your organization, even yourself.
STEP 3: Submit the NJ Certificate of Formation.
You must submit the Certificate of Formation with the New Jersey Division of Revenue to register your New Jersey LLC. You may submit your application online, via mail, or in person.
STEP 4: Register your company for tax and employment purposes.
Within 60 days of establishment, all New Jersey LLCs must register with the New Jersey Division of Revenue and Enterprise Services for business entity and tax filings.
This will guarantee that your company obtains a New Jersey tax identification number, which will enable you to receive any necessary returns and notifications. This may be done either online or by mail.
STEP 5: Draft an Operating Agreement for a New Jersey LLC.
Although an operating agreement is not necessary in New Jersey, it is a good practice to have one.
What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.
Why are operating agreements necessary? A detailed operating agreement guarantees that all firm owners are on the same page and decreases the likelihood of future disagreement.
STEP 6: Apply for a New Jersey LLC EIN.
What exactly is an EIN? EIN is an acronym that stands for Employer Identification Number. EINs are nine-digit numbers provided by the Internal Revenue Service (IRS) to companies to assist them be identified for tax reasons. It is basically a business’s social security number.
An EIN is also known as a Federal Employer Identification Number (FEIN) or a Federal Tax Identification Number (FTIN) (FTIN).
Why do I need an EIN? An EIN is necessary in order to:
Establish a business bank account.
Filing and managing federal and state income taxes
Employ people
What if my single proprietorship already has an EIN? When transitioning a sole proprietorship to an LLC, the IRS demands a new EIN.
Where can I get an EIN? The IRS will provide you an EIN for free. Obtaining an EIN is a simple procedure that may be completed online or by mail.