A certificate of good standing in New Jersey validates that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
We will explore the qualifications for good standing and how to get a certificate of good standing in New Jersey in our Certificate of Good Standing New Jersey tutorial.
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How Do I Obtain a New Jersey Certificate of Good Standing?
In New Jersey, you may receive your certificate of good standing, also known as a standing certificate, by contacting the Division of Revenue & Enterprise Services.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your New Jersey business is in compliance.
To qualify for a New Jersey standing certificate, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in New Jersey, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The New Jersey Business Portal website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of New Jersey state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Reports on a Year
Every New Jersey LLC and company is required to submit an annual report. This report validates the fundamental details of the company, such as its primary office location, insurance information, and registered agent information.
Every year, the report is submitted electronically with the Division of Revenue and Enterprise Services of the New Jersey Department of Treasury. The filing fee is $75, and it is required by the end of the month in which the company was incorporated.
Step 2: Obtain a New Jersey Certificate of Good Standing.
If your company stays in good standing with the state, you may apply for a New Jersey standing certificate from the Division of Revenue & Enterprise Services. This may be done through email, mail, fax, or in person.
Is a Certificate of Good Standing Required in New Jersey?
While you don’t always need a standing certificate to conduct a company in New Jersey, there are a few situations when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Establishing a business checking account
Getting a business license in another state
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