How to Start LLC in New Jersey Step-by-Step Guide
Starting a New Jersey LLC, step-by-step
Here are the steps to forming an LLC in New Jersey:
- Choose an LLC Name
- Select a Registered Agent
- File New Jersey LLC Public Records Filing & Certificate of Formation
- Create an Operating Agreement
- Get an EIN
If you want to form your LLC yourself, follow our comprehensive guide below at no cost.
How much does it cost to start an LLC in New Jersey?
Starting an LLC in New Jersey involves an initial cost of $125.
Additionally, then it costs $75 per year.
For further details on LLC expenses, Explore the specifics of LLC costs in New Jersey.
See "How Long Does It Take to Form an LLC in New Jersey" to find out how long it will take to get your LLC approved and to make sure there are no delays.
Need to save time?
Consider hiring a professional to set up your LLC: Northwest Registered Agent offers LLC formation services starting at $39 plus the state fee.
(Find out why Northwest is the top choice for LLC formation)
Here are the steps to forming an LLC in New Jersey
1. Search for your Limited Liability Company (LLC) Name
To ensure your New Jersey LLC name is available and meets state requirements, follow these steps.
First, search your business name. Entity Search tool to ensure it's unique and not already in use.
This is necessary because two businesses in the state cannot share the same name.
Second, check domain availability for an online presence Select a name that is memorable to the customer and best suited for the brand.
We'll explore the specifics of naming an LLC in New Jersey in greater detail.
How do I check if my desired LLC name is available?
You can check the availability of your desired LLC name by searching the New Jersey Secretary of State.
What are the naming requirements for the New Jersey LLC?
The name must include "Limited Liability Company," "LLC," or "L.L.C." It must be distinguishable from other business names registered in New Jersey and should not contain restricted words without approval.
Can I reserve a name for my LLC?
You can reserve a name for up to 120 days by filing a Name Reservation application with a $50 cost.
2. Find a Registered Agent in New Jersey
The next step is to select the New Jersey Registered Agent.
A person or organization appointed to accept official notices and legal communications on behalf of your LLC may function as your LLC's registered agent in New Jersey. To carry out this function efficiently, they must have a physical address inside the state.
Exclusive Offer!
Hire a Northwest Registered Agent to form your LLC for just $39 plus the state fee and receive a free year of Registered Agent service.
(Why is Northwest the best? Read our Northwest Registered Agent review)
Who is eligible to serve as an LLC Registered Agent?
Your LLC's registered agent can be you.
- A trusted friend or family member
- A professional Registered Agent Service
- You
They must have a physical address in New Jersey, as PO Boxes are not acceptable.
The Registered Agent's details are available to the public in state records.
If you prioritize privacy or lack a physical New Jersey address, a Registered Agent Service could be beneficial.
What is a Registered Agent?
A Registered Agent is a person or entity designated to receive legal documents and official government communications on behalf of the LLC.
Who can be a Registered Agent in New Jersey?
The Registered Agent can be an individual resident of New Jersey or a business entity authorized to do business in New Jersey. The agent must have a physical street address in New Jersey (no P.O. boxes).
Can I act as my Registered Agent?
Yes, if you meet the residency and physical address requirements, you can act as your Registered Agent.
3. File New Jersey LLC Public Records Filing & Certificate of Formation
Prepare and submit the Certificate of Formation to the New Jersey Secretary of State.
To establish an LLC in New Jersey, you must submit a Public Records Filing for a New Business Entity.
Filing the Public Records Filing online costs $125, which is a one-time fee to form your LLC. These filings are processed by the New Jersey Division of Revenue & Enterprise Services.
If you want to file this yourself, see our step-by-step guide: ?.
How do I file the Certificates of Formation?
You can file the Certificates of Formation online or by mail with the New Jersey Secretary of State, Business and Professional Licensing. The filing fee is $125.
What information is required in the Certificates of Formation?
The Certificates of Formation must include the LLC’s name, principal office address, registered agent information, and the names and addresses of the organizers.
How long does it take to process the Certificates of Formation?
Processing times can vary. Online filings are typically processed within a few business days, while mail filings may take longer.
4. Create the New Jersey LLC Operating Agreement
A New Jersey LLC Operating Agreement is like a companion document to a Certificate of Formation. The articles create your LLC, while the Operating Agreement explains who owns it.
Banks may require it to open your LLC business bank account, and it is important in court to prove your LLC is running correctly.
That's why we recommend that all LLCs, including Single-Member LLCs, have an Operating Agreement.
Operating Agreement is essential in legal proceedings because it serves as evidence that your LLC operates by proper governance practices, bolstering your defense in court.
An Operating Agreement is an internal document, so you don’t need to file it with the IRS. Just keep a copy in your business records for your reference.
Need to save time?
Consider hiring a professional to set up your LLC: Northwest Registered Agent offers LLC formation services starting at $39 plus the state fee.
(Find out why Northwest is the top choice for LLC formation)
What is an Operating Agreement?
An Operating Agreement is a document that outlines the ownership, management structure, and operating procedures of the LLC.
Is an Operating Agreement required in New Jersey?
While not legally required, it is highly recommended to have an Operating Agreement to establish clear rules and prevent disputes.
What should be included in an Operating Agreement?
The Operating Agreement should include details on member roles and responsibilities, voting rights, profit distribution, management structure, and procedures for adding or removing members
5. Get an EIN for LLC
Getting a New Jersey EIN from the IRS for LLC.
An EIN (Employer Identification Number) is needed for:
- Identifying tax purposes
- Open the business bank accounts
- Apply for licenses and permits
How do I apply for an EIN?
You can apply for an EIN online through the IRS, by mail, or by fax.
How much does an EIN cost?
Obtaining an EIN from the IRS comes at no cost. The application process is free.
How much time does it take to receive an EIN?
When applying online, you will receive your EIN immediately.
If you choose to apply by mail or fax, it can take four weeks.
Why do I need an EIN for my LLC?
An EIN is required for federal tax purposes, hiring employees, opening a business bank account, and fulfilling other business-related requirements.
How can I obtain an EIN?
For US Citizens or Residents: If you possess an SSN or ITIN, you are eligible to apply for an EIN online. Follow these steps and apply for an EIN online.
For Non-US Residents: You are unable to obtain an EIN online, but you can still acquire one through fax or mail. Follow these steps to get an EIN without an SSN or ITIN.
What Should I Do after the LLC is Approved?
Business bank account for New Jersey LLC
Opening a business bank account for your New Jersey LLC is essential to separate personal and business finances. This separation helps maintain accurate financial records, simplifies tax filing, and protects your assets in case of legal issues.
New Jersey Licenses and Permits
New Jersey LLCs may require various licenses and permits depending on their location, industry, and business activities.
Taxes for New Jersey LLC
New Jersey LLCs are subject to several taxes, including federal and state income taxes, sales taxes (if applicable), and payroll taxes if the LLC has employees. Understanding and complying with these tax obligations is crucial to avoiding penalties and maintaining good standing with tax authorities.
Annual Report Requirement
New Jersey LLCs must file an Annual Report each year to the New Jersey Secretary of State. This report updates the state with any changes to the LLC's business details and requires filing fee payment. Keeping this report current ensures that your LLC remains in good standing and compliant with state regulations.
Read more
Arkansas LLC Operating Agreement
Exclusive Offer! Hire a Northwest Registered Agent to form your LLC for just $39 plus the state fee and receive a free year of Registered Agent service. (Why is Northwest the best? Read our Northwest Registered Agent review)
Arizona LLC Operating Agreement
Exclusive Offer! Hire a Northwest Registered Agent to form your LLC for just $39 plus the state fee and receive a free year of Registered Agent service. (Why is Northwest the best? Read our Northwest Registered Agent review)
Alaska LLC Operating Agreement
Every Alaska LLC should have an Operating Agreement; obtaining one doesn't have to be costly. You can use our free template to download and customize your Operating Agreement. Alaska LLC Operating Agreement (Member-managed) Here is a template for a Member-managed Operating Agreement that is available. This can be
Recommended States for LLC Formation
Exclusive Offer! Hire a Northwest Registered Agent to form your LLC for just $39 plus the state fee and receive a free year of Registered Agent service. (Why is Northwest the best? Read our Northwest Registered Agent review)