New Jersey Incorporation Services
To start a corporation 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 corporation. However, to actually ready the corporation to do business, you must complete several additional steps.
Starting a New Jersey Corporation Guide:
New Jersey Corporation Filing Options
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New Jersey Public Records Filing free download. When you're done filling out the form, submit it to your state.
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2 Day New Jersey Corporation
Includes registered agent service, bylaws & more.$355 Total
New Jersey Public Records Filing Requirements
To form a New Jersey corporation, you must complete and file the Public Records Filing with the Division of Revenue. See the document below and click on any number to see what information is required in the corresponding section.
Your name must include “Corporation,” “Company,” “Incorporated” or an abbreviation for one of these words, such as “Corp” or “Inc.” The state also has quite a few words you can’t use as well, including some surprising ones like “blind,” “cemetery,” “mail,” “Olympic” and “urban renewal.”
New Jersey for-profit corporations automatically have a general purpose and can skip this section. If you’d prefer, you can include a specific purpose that describes your main business activity (like “motorcycle repair”).
List the number of shares you wish to create. You must create at least one share.
Want your corporation to continue indefinitely? Skip this section. Prefer to put a self-destruct timer on your business? Enter the number of years you’d like your New Jersey corporation to exist. Tip: Most corporations skip this section.
List either an individual (such as yourself) or a business registered and in good standing with the state (such as Northwest). Tip: We recommend Northwest.
This New Jersey street address is where your agent will be available to accept legal notifications. Tip: Hire Northwest and our New Jersey address will go here.
This is your main business address. Tip: Avoid having to check and update multiple address—when you hire Northwest as your registered agent, you can use our registered office as your principal office address.
List the names and addresses of the directors on your board of directors. For-profit corporations must list at least one director.
Your incorporator signs and submits your Public Records Filing. You need at least one incorporator, who is often a director or officer but doesn’t have to be anyone in your corporation. Incorporators must include their names and addresses. Tip: We’ll be your incorporator when you hire Northwest to form your New Jersey corporation.
How much does it cost to start a New Jersey corporation?
$125. Online filings are also subject to a credit card fee of $3.50. Need it expedited? Add $15 to have your filing processed in 8.5 hours, $50 for same day, $500 for 2 hours, or $1K for 1 hour.
Hire Northwest to form your New Jersey corporation and your total, out-the-door cost is $355. This includes state filing fees, a full year of registered agent service and all the forms you need to open a corporate bank account.
How long does it take to start a New Jersey corporation?
Filing times vary depending on your filing method. Your filing can be processed in an hour for an extra $1,000 (or 2 hours for $500). For these options, you’ll have to submit by fax.
Submit online or pay for “8.5 hour” or “same-day” expediting, and you’ll get your approval in a day or two. Prefer to mail your unexpedited filing? Be prepared to wait. In 2-3 weeks, someone will eventually process your filing.
If you hire Northwest to start your corporation, we file online and typically have your New Jersey corporation formed within 2 business days.
Does a New Jersey corporation need a registered agent?
Yes, you’re required to appoint and maintain a New Jersey registered agent. So who should you appoint? You could try to save a few bucks by appointing yourself or someone in your corporation—although the job is more headache than you might anticipate. This is in part because the registered address you list is public record, making it a prime target for data-sellers and spammers. Odds are, your address will end up on loads of lists and you’ll find yourself sorting through piles of junk mail. You’ll also have to be regularly available at the listed address in case a process server shows up. Missing legal notifications can end up costing much more than a registered agent fee.
A better option? Hire Northwest. We list our address in your Public Records Filing (instead of yours). We accept, scan and send notices the same day. We’re ready and waiting in the office so you can spend your time doing what you really want to do: running your business.
Create Bylaws for Your New Jersey Corporation
Do I need bylaws?
Your bylaws are an essential part of getting your New Jersey corporation organized and operational. While public documents like your Public Records Filing and Annual Reports register and maintain your corporation in the state, your bylaws are an internal document that determine how your corporation actually works.
Why are corporate bylaws important?
In your bylaws, you decide who’s on the board of directors, how long they stay, and how they’re replaced. You determine how many board members are needed to vote on a resolution. You decide who your officers are and what their duties will be. You also lay out what classes or series of shares you’ll have, including any voting rights or restrictions. Essentially, your bylaws determine who has power over what in your corporation.
How do I begin writing bylaws?
Creating bylaws is important but it isn’t always easy. That’s why Northwest gives you free corporate bylaws when you hire us to form your New Jersey corporation. We know what kinds of topics and questions corporations need to address, and we’ve spent years refining and improving our forms. We give you other free corporate forms as well, such as resolutions and meeting minute templates. Let us help you start out on the right foot. Check out the free corporate forms we provide to help corporations form and maintain their businesses.
Get an EIN for Your New Jersey Corporation
Do I have to get a tax ID number (EIN)?
Absolutely. The IRS requires corporations to get an EIN for their federal tax filings. You can get an EIN directly from the IRS for no fee. Can’t bear to fill out yet more paperwork? Hire Northwest to get your EIN for you. Just add on EIN service during checkout when you sign up for our New Jersey incorporation services.
Open a Bank Account for Your NJ Corporation
To open a corporate bank account, you will need to bring the following to the bank:
- A copy of the New Jersey corporation’s Public Records Filing
- The New Jersey corporation’s bylaws
- The New Jersey corporation’s EIN
If your bylaws don’t specifically assign the power to open a bank account, you may also want to bring a corporate resolution to open a bank account that states that the person going to the bank is authorized by the business to open the account in the name of the corporation.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open corporate 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.
Obtain a Business License
Does a New Jersey corporation need a business license?
The state doesn’t have any sort of general business license. However, cities and counties sometimes have their own licensing requirements, most often for specific business activities. Newark, for instance, licenses over 40 different kinds of businesses, from arcades to kennels.
Do I need to register with the Division Of Revenue?
Absolutely. You must register your New Jersey corporation with the Division of Revenue and Enterprise Services within 60 days of forming your business. To register, file form NJ-REG. Filing is free.
File New Jersey Corporation Reports
What is a New Jersey Annual Report?
Your New Jersey Annual Report is an online form your corporation is required to file each year with the Division of Revenue and Enterprise Services. In your report, you update your ownership information and confirm your contact information. If you have to update your registered agent or office information, the fee increases to $75.
Miss your filing deadline? There’s no late fee, but if you fail to file two years in a row, the state will dissolve your corporation. When you hire Northwest as your registered agent, we’ll send you reminders to file your reports. Or, for $100 plus state fees, you can hire us to file your New Jersey Annual Report on behalf of your corporation.
How much does a corporation in New Jersey cost each year?
At least $50. This is the filing fee for your mandatory New Jersey Annual Report (add $25 if you have to update any registered agent or office information in your report).
Pay Corporate Taxes
What are the taxes for a New Jersey corporation?
Instead of a traditional corporate income tax, New Jersey has a Corporate Business Tax. The following rates are based on your corporation’s entire net income (but only applied to your taxable income):
6.5%: $0 to $50,000
7.5%: $50,001 to $100,000
9.0%: over $100,000
So, if your entire net income is $101,000, you’ll then pay a 9% rate on all your taxable income. There’s a minimum tax of $500.
Have an S corp? Even though most S corp income isn’t subject to corporate rates, the state still imposes a $375 minimum tax. (Note also that a federal S election isn’t sufficient for S corp tax status in New Jersey—you’ll also have to fill out S election Form CBT-2553 with the state’s Division of Taxation.)
The state sales tax is 6.625%. Cities and counties don’t add on local sales taxes, so customers will pay the same 6.625% at the counter from Newark to Atlantic City.