Start an LLC in New Jersey
Considering forming a business in New Jersey? For local entrepreneurs, submitting the New Jersey Public Records Filing for New Business Entity form to the Division of Revenue isn’t as easy as it could be. Unless you use Northwest.
At Northwest, we make forming your New Jersey LLC simple and fast. For just $39 plus state fees, we’ll handle the entire process: paperwork-free formation, compliance tracking, and expert Corporate Guide® support for navigating New Jersey’s business requirements.
How to Start an LLC in New Jersey
There are three primary steps if you’re looking to start an LLC in New Jersey: name your LLC, get a registered agent, and file the necessary formation paperwork plus a $125 state filing fee. But if you want to keep your LLC in good operational shape—and out of legal trouble—you’ll have to go beyond those basic steps.
Below, we’ll fill you in on requirements for starting an LLC in New Jersey, as well as what to do after your LLC is formed.
1. Name Your LLC
Your first priority is naming your LLC. New Jersey’s complete rules for naming an LLC can be found in NJ Rev Stat 42 § 2C-8. Your LLC’s name must:
- include a designator like limited liability company, L.L.C., or LLC.
- be unique among registered business names in New Jersey.
- not include any words restricted by law in New Jersey.
If you’ve already thought of a business name, check to see if it’s available. If you’re not quite ready to form the LLC yet, you can file a business name reservation online or by mail.
New Jersey only allows out-of-state businesses to use doing business as (DBA) names. In-state businesses who want to use a name other than what’s on their LLC’s paperwork must instead register for an alternate name by submitting form C-150G to the New Jersey Division of Revenue. It costs $50 to file.
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2. Designate a Registered Agent
Your New Jersey registered agent is responsible for accepting important legal mail (called service of process) on your LLC’s behalf and getting it to you quickly. A registered agent must have a physical address in New Jersey and be willing to list that address on your LLC formation documents. You’re legally required to appoint a registered agent in New Jersey. In fact, you won’t be able to complete your formation paperwork before you have a registered agent.
Learn why the pros use a registered agent service.
You can act as your own registered agent as long as you’re okay with 1) having your address on the public record and 2) maintaining regular business hours at this address.
3. Submit LLC Public Records Filing
To legally form your LLC, you have to file a Public Records Filing for New Business Entity to the New Jersey Division of Revenue. Corporations and limited partnerships also use this form, so you don’t have to fill out every single field. Submit the form online, by mail, or by fax.
Note: All of the information on this form will become part of the public record.
To fill out the form, you’ll need to provide the following information about your LLC:
- Company name. Include an indicator like LLC.
- Type of entity. For a domestic LLC, enter LLC.
- Business purpose. Keep it brief. For example: deli or bookstore. Or you can add something generic like: performing lawful business in New Jersey.
- Duration. If relevant, add a date for your LLC to automatically dissolve. Most LLCs skip this field.
- Registered agent. This is someone designated to accept service of process on behalf of your LLC.
- Registered office. This must be a physical address in New Jersey where your registered agent is present during office hours.
- Main business address. This address can be outside of New Jersey and does not have to be a physical address.
- Signature. Anyone authorized to do business on behalf of your LLC may sign, including your registered agent.
If you file online, the state will process your application within 1-2 days of receiving it. If you file by mail or fax and don’t pay extra for expedited service, it could take up to nine weeks to process your LLC’s paperwork.
It costs $125 to submit a Public Records Filing for New Business Entity to the New Jersey Division of Revenue.
You can file your New Jersey LLC formation paperwork online, in person, by mail, or by fax.
In person:
33 W. State Street
5th Floor
Trenton, NJ 08608-1001
Mail:
New Jersey Department of the Treasury
Division of Revenue & Enterprise
Services/Corporate Filing Unit P.O. Box 308
Trenton, NJ 08646-0308
Fax:
(609) 984-6851
Your name and address becomes part of the record when you list it on your LLC formation paperwork. This is annoying because it makes it easier for marketers to target you with junk mail. To avoid that, hire a registered agent company like Northwest. We put our information on the form wherever we can, helping you keep your private information protected.
Your New Jersey LLC is Formed. What's Next?
Write an LLC Operating Agreement
An operating agreement is an internal document that describes the ins and outs of how your business will be run. It should go into almost painful detail about everything from how voting works to how the LLC handles disputes. Even if you’re the only member of an LLC, you still need an operating agreement to do things like open bank accounts.
An operating agreement is a complex document. Check out our attorney-drafted New Jersey LLC operating agreement.
No, New Jersey law does not require any sort of operating agreement. But you still need to make one, because an operating agreement is a legally binding document that details how your LLC will handle everything from membership transfers to allocating profits and losses. You should also put your operating agreement in writing. A written operating agreement holds up better if you find yourself involved in a court dispute with, say, another member of your LLC.
You can tailor your operating agreement to your New Jersey LLC’s needs, but at minimum, the document should cover the following:
- profits, losses, and distributions
- initial investments
- voting rights, decision-making powers, and management
- transfer of membership interest
- dissolving the business
Get an EIN, Bank Account & Funding
Your New Jersey LLC can’t operate without money, so it needs a bank account. Establishing a business bank account draws a clear line between your personal accounts and your LLC. You’ll need get an EIN before opening a business bank account.
Once the account is formed, you should fund the LLC. To do this, every member should make an initial contribution that’s equivalent to their membership interest, aka the percentage of the LLC they own.
Yes, especially if you have employees. But even if you don’t have employees and will be running a single-member LLC, you’ll need an EIN to open a bank account for your business. Giving out your EIN is also more secure than listing your Social Security number.
You can hire us to get your EIN as part of your LLC formation package.
No, an EIN is issued by the IRS, while the State of New Jersey issues NJ entity IDs. However, the NJ entity ID will start with the same numbers as your EIN, plus three additional numbers at the end.
File Taxes & Reports
Your New Jersey LLC will have certain tax and reporting requirements to meet. Here’s how it works:
- Taxes: A New Jersey LLC’s default tax status is pass-through entity, which means the profits pass through the LLC and get distributed to the members. Those members then have to report the profits on their personal tax filings. At the federal level, New Jersey LLCs must pay a 15.3% self-employment tax rate.
- Annual reports: Your New Jersey Annual Report is due at the end of your LLC’s anniversary month. So if you formed your LLC on May 14, your annual report would be due by May 31 the next year (and every subsequent year). It costs $75 to file a New Jersey Annual Report, and the filing must be submitted online. We can also file your annual report for you.
- BOI Reports: New LLCs are asked to file a Beneficial Ownership Information (BOI) Report within 90 days of formation. BOI Reports are a new federal filing aimed at combating financial crimes like money laundering and other scams.
Due to an injunction, the Beneficial Ownership Information Report requirement is currently under review and voluntary to file. At this time, filing a BOI Report is optional, but if the requirement is reinstated, the original deadline (January 1, 2025 for most businesses) and penalties may still apply.
We’ll keep our site up to date as the court rulings proceed, and help you stay in the loop about this important business filing.
New Jersey LLCs are taxed as pass-through entities by default. As an alternative, they can file paperwork with the IRS to be taxed as an S-corp or a C-corp.
Yes, New Jersey LLCs must file an annual report with the Secretary of State. The main purpose of filing an annual report is to make sure the state has up-to-date contact information for your LLC.
The State of New Jersey can dissolve your business for failing to file an annual report.
The BOI Report can be filed online using the BOI E-Filing System. Filing the report is free. If any information listed on the BOI Report changes, you should file an updated report within 30 days. Filing an update is also free.
*This is informational commentary, not advice. This information is intended strictly for informational purposes and does not constitute legal advice or a substitute for legal counsel. This information is not intended to create, nor does your receipt, viewing, or use of it constitute, an attorney-client relationship. More information is available in our Terms of Service.
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