How To Start An LLC In New Jersey
To start an LLC in New Jersey, you must file a Public Records Filing with the New Jersey Division of Revenue. You can file the document online, by mail, or by fax. The Public Records Filing costs $125 to file. Once filed with the state, this document formally creates your New Jersey LLC. However, to actually ready the LLC to do business, you must complete several additional steps.
Starting a New Jersey LLC Guide:
New Jersey LLC Filing Options
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New Jersey LLC Public Records Filing free download. When you're done filling out the form, submit it to your state.
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New Jersey LLC Public Records Filing Requirements
To form a New Jersey LLC, you must complete and file the Public Records Filing with the New Jersey Division of Revenue. See the document below and click on any number to see what information is required in the corresponding section.
You must include “Limited Liability Company” or an abbreviation. Most companies keep it short and sweet with “LLC.” There’s a long list of words you can’t use as well, including some odd ones like “blind,” “cemetery,” “mail,” “Olympic” and “urban renewal.”
This may sound like an existential question, but your LLC’s purpose is just what your business does. Most businesses include a general purpose that explains the LLC is organized to engage in any lawful activity in New Jersey. Online, you can just choose the NAICS code that best matches your business activities.
Have an end date in mind for your business? Enter the date you want your business to stop existing. Want your business to continue indefinitely? Skip this section. Tip: Most LLCs skip this section.
You can list either an individual (like yourself) or a business that provides registered agent service (like Northwest). We recommend Northwest.
This New Jersey street address will become a part of the permanent record of your LLC. When you hire Northwest, our address goes here.
This is your main business address. You can keep things simple by using our address here when you hire us—and avoid having to check and update multiple addresses.
This is the person who signs and submits your New Jersey LLC’s Public Records Filing. It doesn’t have to be anyone in the LLC. Hire Northwest, and we’ll be your authorized representative.
How much does it cost to start a New Jersey LLC?
The state filing fee for a New Jersey LLC Public Records Filing is $125. If you file online, there’s also a credit card service fee of $3.50. Need expediting? 8.5 hour expediting is $25, and same-day expediting is $50.
When you hire Northwest, your total, out-the-door cost is $355, including state filing fees, registered agent service, and loads of forms and resources to help get your New Jersey LLC up and running.
How long does it take to start a New Jersey LLC?
New Jersey LLC filing times vary depending on your filing method. The absolute fastest methods require deep, deep pockets. You can pay $1000 (that’s not a typo) for 1-hour service or $500 for 2-hour service—although these options are only available if you file by fax or show up in person.
If you can wait a day or two, you can either file online or pay for “8.5 hour” or “same-day” expediting when you submit with any other method. Have 2-3 weeks to kill? Mail your filing without any expediting. Eventually someone will take pity and process your filing.
If you hire Northwest to start your LLC, we file online and typically have your New Jersey LLC formed within 2 business days.
Does a New Jersey LLC need a registered agent?
Yes, New Jersey requires LLCs to have and maintain a New Jersey registered agent. You can even be your own registered agent. The title, however, comes with a lot of work and affects both you and your business. Registered agents are required to list a physical address that becomes a part of the permanent record of your New Jersey LLC—and a target for junk mail and solicitors. Registered agents also have to be available at the address listed during business hours to accept legal notifications. New Jersey isn’t going to sympathize if you miss a process server because you were in a meeting, out sick, or just taking some “me” time with a drive on Old Mine Road.
Avoid these problems when you hire a commercial agent like Northwest Registered Agent. We put our address on your Public Records Filing, so you can keep yours private. We’ll be available so you never miss a service of process—we’ll even scan and send legal notifications the same day.
Create the New Jersey LLC Operating Agreement
Do I need an Operating Agreement?
It may not be a state requirement, but there are loads of reasons why your New Jersey LLC needs an operating agreement. This document includes essential information about how your business operates that members and managers will want in writing.
Why is an Operating Agreement important?
Your operating agreement spells out how much each person invested, how profits and losses will be allocated, and what happens if there are disagreements or if you close down the whole business. People outside your business will want to see your operating agreement as well. You’ll almost certainly need one to open a bank account. Potential lenders, investors and partners will ask to see it too. While starting a business in the Garden State already involves a pretty incredible amount of paperwork, you don’t want to put off writing an operating agreement until the moment someone asks for it. It’s a document with real legal weight; you should spend some time on it.
Do I have to write the Operating Agreement?
Wondering where to start? Northwest can help. When you hire us to form your New Jersey LLC, we give you a free operating agreement, specific to your management style. We give you other free forms as well, like resolutions and membership certificates. We want to work with your business for years to come, so it matters to us that you start out on the right foot. That’s why we’ve spent years refining and improving our free forms. We’re proud of our forms. We should be—over a million LLCs have used our free LLC forms to help form and maintain their businesses.
Get a New Jersey LLC EIN
Do I have to get a tax ID number (EIN)?
On the federal level, you’re required to get an EIN if your LLC has employees or files certain federal excise taxes (like Alcohol/Tobacco/Firearms returns). Locally, you’ll likely need an EIN to open a bank account, establish credit with vendors, or even to file the mandatory NJ-REG form after you create your business. In some of these cases, you could use your personal social security number instead, but in the era of identity theft and data mismanagement, why would you want to? Getting an EIN is free and just requires an application with the IRS. You can even skip this step and hire Northwest to get your EIN for you when you sign up for our services.
Open a Bank Account for Your New Jersey LLC
To open a bank account for your New Jersey LLC, you will need to bring the following with you to the bank:
- A copy of the New Jersey LLC Public Records Filing
- The LLC operating agreement
- The New Jersey LLC’s EIN
If there are multiple members in the LLC, you may also want to bring an LLC resolution to open a bank account that states that the person going to the bank is authorized by the members to open the account in the name of the LLC.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open business accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Register for Required Licenses
Do I need to register with the Division of Revenue?
Yes—within 60 days of forming your business, you’re required to register your LLC with the Division of Revenue, so the state can make sure you’re aware of your tax obligations. Registration is free and done by filing form NJ-REG.
Does a New Jersey LLC need a business license?
New Jersey doesn’t have a general statewide business license, but some cities and counties require local licenses. For example, a city ordinance in Trenton requires licenses for dozens of different business types, from auctioneers to scrap metal dealers.
File New Jersey LLC Reports
What is a New Jersey LLC Annual Report?
Your New Jersey LLC Annual Report is a form your LLC is required to file each year in order to confirm or update your ownership and contact information. If you just confirm your information, the fee is $50, but if you make any updates to your registered agent or office, the fee increases to $75. Forget to file? There’s no late fee, but if you fail to file two years in a row, the state will dissolve or revoke your LLC. At Northwest, we know you already have a lot to think about and remember when running a business. That’s why when you sign up for our services, we send you reminder notifications for your Annual Report. Better yet, you can even hire us to file your report for you each year.
How much does an LLC in New Jersey cost each year?
The Division of Revenue charges a $50 filing fee for your New Jersey Annual Report (add $25 if you make any changes to your registered agent or office information).
Pay the LLC Taxes
What are the New Jersey LLC taxes?
The New Jersey personal net income tax rates for single filers are:
1.40%: $0 to $19,999
1.75%: $20,000 to $34,999
3.50%: $35,000 to $39,999
5.53%: $40,000 to $74,999
6.37%: $75,000 to $499,999
The New Jersey sales tax is a flat 6.625% statewide (cities and counties don’t tack on additional local sales taxes).
If your LLC is taxed as a partnership, you’ll also have to pay New Jersey’s Partnership Tax, which is $150 per member. If your LLC is taxed as an S or C corporation, you’ll have to file a corporate return instead.