How to Register an LLC in New Jersey: A Step-by-Step Guide

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By: Michaela Dale Updated on: June 13, 2024

Due to its strategic location and skilled workforce, New Jersey is a strong location to start a new business. Fortunately, registering an LLC in New Jersey requires only a few straightforward steps which we have outlined below for you. Ready to register an LLC in New Jersey? Let’s dive in. 

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Form Your LLC

New Jersey LLC Quick Facts 

  • LLCs provide tax flexibility, brand credibility, and personal asset protection. 
  • To form an LLC in New Jersey, you need to file a Certificate of Formation. 
  • New Jersey LLCs must appoint a registered agent. 
  • To maintain an LLC, you must submit an Annual Report every year. 

6 Steps to Registering an LLC in New Jersey

Starting an LLC in New Jersey doesn’t have to be difficult, we’ve outlined the key steps below to help you launch your new business with ease. 

To register an LLC in New Jersey, follow these steps:

  1. Name Your New Jersey LLC
  2. Designate a Registered Agent
  3. File a Certificate of Formation
  4. Obtain an EIN and Register for Taxes
  5. Create an Operating Agreement 
  6. File a Beneficial Ownership Information Report

Step 1: Name Your New Jersey LLC 

To start, you need to decide on a name for your New Jersey LLC. 

When choosing a name, keep in mind the following criteria:

  • Your business name must include “Limited Liability Company,” or an abbreviation 
  • It must be unique and distinguishable from any other business entity registered in the state
  • Avoid using terms that imply government affiliation such as “FBI” or “CIA”

For a complete list of naming requirements, visit New Jersey’s statutes

Ensure the availability of your chosen name by conducting a business name search on the New Jersey Division of Revenue and Enterprise Services website

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Step 2: Designate a Registered Agent

All LLCs in New Jersey must designate a registered agent. A registered agent is an individual or business entity responsible for receiving important documents on behalf of your company, such as tax forms or legal notices.

Registered agents in New Jersey must:

  • Have a physical address in the state
  • Be available during normal business hours to accept documents on behalf of the LLC
  • Not be the LLC itself

Who is Eligible to Serve as a Registered Agent in New Jersey?

The registered agent can be the LLC owner, an employee of the company, a friend, a family member, or a registered agent service. It is crucial to choose a reliable and responsible individual or service to fulfill this role. 

Step 3: File a Certificate of Formation 

To officially register your LLC in New Jersey, you will need to file a Certificate of Formation with the New Jersey Division of Revenue. This can be done online through the Division of Revenue’s website or by submitting these forms via mail or in person. 

The filing fee is $125

Make sure you have the following information ready: 

  • Your EIN (see below) or the LLC owner’s social security number (SSN) 
  • Your LLC’s name and business address 
  • Your New Jersey Business Code and County or Municipality Code 
  • Names, addresses, and SSNs of all LLC members 

Quick Note: If you have previously established your business in another state, it is important to register as a foreign LLC or out-of-state business in New Jersey. This can be done through the Division of Revenue and Enterprise Services website. The filing fee for this process is $125.

Step 4: Obtain an EIN and Register for Taxes

To obtain an Employer Identification Number (EIN) for tax reporting purposes, you can apply for free on the IRS website. This number is essential for tax purposes, hiring employees, and opening a business bank account. 

Additionally, it is important to register your business for tax purposes. In New Jersey, you must complete this registration within 60 days of formation. 

You can do so online through the New Jersey state website or by submitting this form by mail. There is no filing fee. 

Step 5: Create an Operating Agreement

After successfully filing your formation documents and obtaining your EIN, the next step in registering an LLC in New Jersey is to create an operating agreement. An operating agreement is a vital document that outlines the internal procedures and ownership details of your company. 

This internal document is not filed with the state, but it is essential for your LLC to keep an updated operating agreement on file.

Step 6: File a Beneficial Ownership Information Report 

LLCs are required to file a Beneficial Ownership Information (BOI) Report with the US Financial Crimes Enforcement Network (FinCEN). 

New LLCs must file this report within 90 days of formation. Existing LLCs must complete the filing between January 1st, 2024, and January 1st, 2025. Failure to do so can result in a $500 per day fine.

You can easily file the Statement of Beneficial Ownership online for free on the FinCEN website

Next Steps

  • Open a business bank account: It is crucial to separate your personal and business finances. Sign up with Lili Banking and Accounting Services and open a business bank account in just minutes. 

Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC.

  • Obtain necessary licenses and permits: Make sure to identify and secure any federal or state licenses and permits required for your specific industry. You can find more information about licensing requirements on New Jersey’s Licensing And Certification Guide
  • File Annual Reports: LLCs in New Jersey are required to file an annual report with the state. Make sure to submit these reports on time to maintain compliance with state regulations.
  • Obtain business insurance: Protect your LLC and personal assets by obtaining the necessary insurance coverage. NEXT Insurance makes securing business insurance fast and affordable. 

Additional Tips for Success 

  • Research the requirements: Before starting the registration process, it is important to research the specific requirements for registering an LLC in New Jersey. This includes understanding the paperwork, fees, and any other necessary information.
  • Seek professional assistance: Consider hiring a business attorney or consultant to guide you through the registration process and ensure compliance with all legal requirements.
  • Maintain accurate records: Keep detailed records of all documentation filed during the registration process and any correspondence with state agencies.

Conclusion

To wrap up the LLC registration process in New Jersey, it is important to ensure that all the necessary documents and fees have been submitted correctly. Double-check all the information provided on the forms to avoid any potential delays or rejections. By following these steps, you can successfully register an LLC in New Jersey and start your business on the right foot.