Ready to Form Your Corporation in New Jersey?
New Jersey has a thriving business community and is a popular state for incorporation and LLC formation. NJ is home to some of the largest companies in the U.S., including Johnson & Johnson, Prudential Financial, and Honeywell International. Starting a business in NJ is very popular, particularly in key industries such as agriculture, tourism and pharmaceuticals.
If you decide to incorporate in New Jersey, incorporate.com will take care of all the details. We'll research the availability of your company name and help you prepare and file your Certificate of Incorporation with the New Jersey Department of the Treasury. We can also take care of many of your company's follow-up needs, including annual report preparation and filing.
Below is an overview of New Jersey's incorporation process:
Select a Business Name
The first step to incorporating your business in New Jersey is to select an original business name not already in use by another entity in the state. (Only non-domestic companies that register to do business in New Jersey are allowed to get around the original business name rule by filing for a "Doing Business As" name.)
There are complex rules governing the registration of business names in NJ. For example, according to New Jersey law, your business name cannot contain words or language that are prohibited by state law, or that suggest that the type of business you are conducting is not allowed by state law. The name also cannot imply that the business is another entity type.
Other restrictions include the following:
Permitted designations: New Jersey corporate names may be followed by several approved designations, including:
Restricted designations: The use of certain words and phrases in corporate names is considered "restricted" in New Jersey meaning they require special approval by the state. These include:
- Funeral Homes
- Little League
- Urban Renewal
Prohibited designations: New Jersey prohibits the use of certain words in corporate names. These include:
- District of Columbia
- Little League
incorporate.com will do the necessary research to make sure your business name meets the state standards.
Complete a Public Records Filing for New Business Entity
Once we have verified your company name, incorporate.com will complete a Public Records Filing for your Certificate of Incorporation in NJ. The Filing includes the following information:
- Corporation information: The name and address of the corporation. New Jersey law requires a corporation's principal office to be located inside the state. You have the option of including the business purpose, but this is not required for corporations.
- Directors and Incorporators: New Jersey state law requires there be at least one director and one incorporator listed on the certificate of incorporation who is 18 years or older. The name and address of each must be included (directors are not required to reside in New Jersey).
- Stock: The aggregate number of shares that your corporation will issue and, if applicable, the series and class designation of shares. You will also indicate whether the board of directors has the right to change or divide the designation of the shares and the relative rights of the shares.
- Registered Agent: The name and street address of a registered agent in New Jersey. The registered agent is the person to whom the state will send all official correspondence.
If you intend to hire employees or open a bank account, you will need a federal Employer Identification Number (EIN). incorporate.com can help expedite this step as well.
Complete Business Registration Application (NJ-Reg)
When starting a business in NJ, there must also be an Application for Registration (NJ-Reg) filed with the New Jersey Division of Taxation in order to receive tax information from the state, even if you don't intend to collect or withhold taxes. There's no fee for registration, but you must file an application at least five business days prior to starting to do business. The NJ-Reg form asks for comprehensive information about your company and its activities. If you will be collecting sales tax, the NJ-Reg must be submitted at least 15 days before your first sale.
Costs and Fees for New Jersey Incorporation
The state filing fee for New Jersey incorporation is $125.00. incorporate.com will handle all filing requirements and provide you with the total cost to get your business up and running in New Jersey.
In addition, the Department of the Treasury, Division of Revenue, requires an annual report be filed each year by your anniversary filing date. The filing fee is $50.
Corporations are also required to pay annual tax fees to the Department of Revenue. The minimum tax fee is $500.
Do I need to reserve a name?
New Jersey does not require business name reservation; however, it is a good way to ensure that your company name is available, and will remain available while you file for incorporation.
Do I need to submit bylaws?
No, you won't need to submit bylaws. Nevertheless, drafting your corporation's bylaws are a critical step in forming your company, as they are blueprint that you will use to govern operations.
Does New Jersey have publication requirements or other follow-up filings?
No. New Jersey does not require you to publicize your company's formation, and does not have follow-up filing requirements.