STEP 1: Name your LLC


This is the first and most important step in starting your LLC. Do some research to make sure the name you choose is suited to your business venture and is easily searchable for potential clients.

  1. Follow the New Jersey naming guidelines: Your entity name must contain the words Limited Liability Company or the abbreviation L.L.C. or LLC. Restricted words (e.g. Bank, Attorney, University) require additional paperwork and may require a licensed individual, such as a doctor or lawyer, to be part of the LLC. Prohibited words are those that would confuse the name of your LLC with a federal or state agency (e.g. FBI, Secret Service, Treasury etc.)
  2. Is the name available in New Jersey? Make sure the name isn't already taken by doing a name search on the State of New Jersey website.
  3. Is the URL available? Check to see if the name of your LLC is available so that you can reserve your domain name. Even if you don't plan to make a website today, you may want to buy the domain name in order to prevent others from acquiring it.

An email address is also something to consider when choosing a name. Get a professional email system (@yourcompany.com) with Google's G Suite, which also comes with business tools for word processing and spreadsheets, all with business-grade security - Try it for free

STEP 2: Choose a Registered Agent


You are required to nominate a Registered Agent for your New Jersey LLC.

What is a Registered Agent? A registered agent is a person or business that agrees to send and receive legal papers on behalf of your LLC. Such papers include service of process of legal action (if you are sued) and state filings.

Who can be a Registered Agent? The registered agent must be a resident of New Jersey or a corporation authorized to transact business in New Jersey. You may elect an individual within the company including yourself.

Click here to learn more about the role of a registered agent, and why you may wish to consider hiring a professional registered agent service.

* Recommended: Northwest Registered Agent Service provides the first year of registered agent service free with LLC formation ($39 + State Fees)

STEP 3: File the Business Registration Application


To register your LLC, you will need to file the Business Registration Application with the State of New Jersey. This can be done online, by mail, or in-person.

Business Registration Application for a Domestic LLC.

File Online

- or -

Download PDF

Fee: Nonrefundable $125, payable to “Treasurer, State of New Jersey.” An additional $50 for same day service.
Make check, cashier's check or money order payable to the New Jersey Secretary of State.

Follow the instructions on the form you choose.

Important: If you're expanding your existing LLC to the State of New Jersey, you are forming a Foreign LLC. Learn how.

STEP 4: Create an Operating Agreement


An operating agreement is not required in New Jersey, but it's a good practice to have one.

What is an Operating Agreement? An operating agreement is a legal document outlining the ownership and operating procedures of your LLC. Learn more about operating agreements here.

* Recommended: Check out our free sample operating agreement

STEP 5: Obtain an EIN


What is an EIN? The Employer Identification Number (EIN), or Federal Tax Identification Number, is used to identify a business entity. It is essentially a social security number for the company.

Why do I need an EIN? An EIN is required when filing state and federal taxes. In addition, banks may require an EIN to open a business checking account.

Where do I get an EIN? An EIN is obtained from the IRS (free of charge) by the business owner after forming the company. This can be done by one of two ways:

Click here to learn more about EINs and further details on how to register for one with the IRS.

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Six Key Steps
After Forming A Business

1. Separate Personal Assets from the LLC


Opening a business bank account is an important first step, as it:

  • Separates your personal assets from your company's assets, which is necessary for personal asset protection.
  • Makes accounting and tax filing easier.

* Recommended: Get $200 when you open a business checking account with Chase. Learn more.

Getting a business credit card allows you to:

  • Separate personal and business expenses.
  • Build your company's credit history, which can be useful to raise money for your company later.

2. Register Your LLC for New Jersey State Tax


Do I need to register for State taxes?

Register for New Jersey State Taxes through the Department of Revenue and Enterprise Services.

*Recommended: Learn more about LLC taxes by reading TRUiC's LLC Tax Guide.

3. Accounting


Even if you haven’t officially opened for business – it’s critical to get your books in order. A well managed accounting system will help you:

  • Track your business finances, including bills, expenses and income.
  • Simplify your annual tax filings.

The right software makes accounting easy. Look for software that:

  • Syncs with your bank automatically.
  • Matches transactions to invoices, bills and purchase orders.
  • Can be accessed from your phone.

*Recommended: QuickBooks has all the accounting features your small business will need.
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4. Obtain Business Licenses & Permits


Do I need business licenses and permits?

To operate your LLC you must comply with federal, state, and local government regulations. For example, restaurants likely need health permits, building permits, signage permits, etc.

The details of business licenses and permits vary from state to state. Make sure you read carefully. Don't be surprised if there are short classes required as well.

Fees for business licenses and permits will vary depending on what sort of license you are seeking to obtain.

Find out how to obtain necessary licenses and permits for your business or have a professional service do it for you:

5. Get Insurance


What is Workers Compensation Insurance? This form of insurance is required for most businesses with employees, but varies by state. Click here to learn more.

What is General Liability Insurance? This is an important service, but is not required in most states. Click here to learn why.

How much will the right insurance cost you? Click here to find out.

6. Employee Hiring Compliance


When you decide to hire employees, you must follow these legal requirements:

If you have any questions, then take a look at the State of New Jersey's Employer Handbook.

Recommended: A payroll service saves you time and makes it easier to follow these requirements.

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How to Start a Business in New Jersey

5 easy steps to starting a business in New Jersey.
We have a far more detailed guide - How to Start a Business in New Jersey which will go over the points in more details.

Identify a suitable business idea that works for you - Check out our Business Ideas Tool.

Critically analyze your idea with our Lean Business Model Canvas Tool. You can then go on to create a full business plan with our Free Online Business Plan Tool.

Formally organize your Business into a company. An LLC is the most popular way to structure your business. Learn how to Form your LLC in New Jersey.

Build your website and develop your brand.

How to Maintain Your LLC

To maintain a New Jersey LLC, it is necessary to make periodic filings with the State of New Jersey. Learn how to keep your LLC in good standing and avoid state penalties.

New Jersey Annual Report


New Jersey requires LLCs to file an annual report with the New Jersey Division of Revenue.

File a Report with the State of New Jersey

File Online

- or -

More Information

Due Date: Due by the end of the month in which the LLC was formed.

Fee: Filing fee is $50

Late Filings: New Jersey does not charge late fees if you miss your filing deadline but will revoke your LLC after failure to file for two consecutive years

Partnership Tax


Some states impose an annual franchise tax or business license tax for the privilege of operating an LLC. In New Jersey, most LLCs with two or more members are subject to an annual filing fee of $150 per owner.

File the Annual Partnership Tax with the State of New Jersey

File Online

- or -

Download PDF

More Information

Discover more about New Jersey Franchise Tax

Income Reporting Requirements


The IRS treats all multi-member LLCs as partnerships, unless they choose to be taxed as a C-Corp or S-Corp. Therefore, most multi-member LLCs are required to report their income to the IRS using a Form 1065 Partnership Return.

Avoid Dissolution


Each year, thousands of LLCs are fined or unknowingly dissolved for missing an important state filing, such as an annual report. When this happens, LLC owners risk loss of limited liability protection. A registered agent service can help prevent this outcome by notifying you of upcoming filing deadlines and submitting reports on your behalf.

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Obtain a Certificate of Standing

A Certificate of Good Standing verifies that your LLC was legally formed and has been properly maintained. Several instances where you might need to get one include:

  • Seeking funding from banks or other lenders
  • Forming your business as a foreign LLC in another state
  • Obtaining or renewing specific business licenses or permits

You can order a certificate of Good Standing in person, by mail, or by fax.

Order Online

- or -

Mail or Fax Information

Fee: $50 for the short form certificate, $100 for the long form certificate.


How to Dissolve a New Jersey LLC

If you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your LLC, there are two broad steps:

  • Close your business tax accounts
  • File the Articles of Dissolution

Learn More Here


Foreign LLC in New Jersey

If you have an existing LLC and want to register to do business in New Jersey, you will need to form a foreign LLC.

File a Foreign LLC in the State of New Jersey

File Online

Fee: $125, but you will be required to pay for a Certificate of Standing and a Certified Copy, bringing the total to $200.

Benefits of Forming a Foreign LLC
The major benefit of becoming a foreign corporation is that it allows your company to operate as one entity in many jurisdictions. For example, if you originally incorporate your LLC in the State of Delaware, you can file your existing domestic LLC as a foreign corporation in other states.