How to Start a Business in New Jersey (Step by Step Guide)

Starting Business in New JerseyAre you thinking about starting your own business in New Jersey? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in New Jersey. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in New Jersey.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in New Jersey

Agency ResponsibleNew Jersey Department of the Treasury
Form(s) to be filledPublic Record Filing Of A New Business Entity Form
ModeMail, in-person, fax or Online
Name ReservationOptional, Fee $50 (Online)
Filing Fee$125 + Expedite fee: 25$ (Optional)
Time1 month (Option to expedite)
LawNJ Rev Stat § 42:2C-18 (2013)


Summary:

  1. Search for business name availability on New Jersey SOS website
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Public Record Filing Of A New Business Entity Form
  5. Create an Operating Agreement
  6. Get an EIN Number (IRS Form SS-4)
  7. File usiness Registration Form (Form NJ-REJ)
  8. Obtain business license and permits
  9. (Ongoing) File Annual Report

How to Start a Corporation in New Jersey

Agency ResponsibleNew Jersey Department of the Treasury
Form(s) to be filledPublic Record Filing Of A New Business Entity Form
ModeMail, in-person, fax or Online
Name ReservationOptional, Fee $50 (Online)
Filing Fee$125 + Expedite fee: 25$ (Optional)
Time1 month (Option to expedite)
LawNJ Rev Stat § 14A:2-7 (2013)

Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation (Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation Domestic Business Corporation (Form 08-400) and send it to the office of the probate judge.
  5. Create Corporate Bylaws
  6. Get Federal EIN Number
  7. File usiness Registration Form (Form NJ-REJ)
  8. Obtain business license and permits
  9. (Ongoing) File Annual Report



References:
ftp://www.njleg.state.nj.us/20122013/AL12/50_.PDF

Last fact-checked on 25/07/2018

New Jersey Business Name Reservation

In this article, we have described step by step instructions involved to file for business name reservation in New Jersey. Name reservation is an optional process and is generally done to block the selected business name to be registered by someone until the business is officially formed.  If someone is not ready with business formation but has […]

Continue reading