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Forming an LLC in New Jersey
Forming an LLC in New Jersey is not really difficult, but if you are busy running your enterprise, you can always hire a professional incorporation company to form an LLC for you. Involving an attorney is not mandatory when forming an LLC in New Jersey, but it can still be a good idea to at least let an attorney look at the Operating Agreement, because an improper Operating Agreement can lead to IRS troubles later on.
Forming an LLC in New Jersey in 5 easy steps
- Select an appropriate name for your LLC. New Jersey state law conditions that the company name must include an LLC identifier, such as Ltd Liability Company or “LLC”. You cannot use a name that is already being used by another LLC or violate any trademarks. When forming an LLC in New Jersey, you need the approval of the Attorney General before you can use terms such as “blind” or “handicapped”, or any other word that implies such impairments.
- File Articles of Organization for the LLC at the New Jersey State filing office.
- Have an organizational meeting and adopt an Operating Agreement for you LLC.
- Once the Operating Agreement has been adopted, you should acquire a Federal Employer Identification Number (FEIN) and contact a bank to open up a company bank account.
- The final step is to obtain local business license from each and every city or county that you plan on doing business in.
Important facts to take into consideration before forming an LLC in New Jersey
- In New Jersey, the fee for expedited filing is $153.00. (For 17 business days.)
- The due date for the annual report varies, please contact the New Jersey State filing office for more information. The annual report fee is $50
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