How To Set Up An LLC In New Jersey – Forbes Advisor

Ahead of establishing your New Jersey LLC, there are a few steps highlighted in the next sections you should handle first. That way, you can avoid potentially wasting time and delaying your LLC formation.

Check Business Name Availability and Hold for Use

You should know for certain that the name you want for your business is available for use. The quickest way to confirm this is by looking up the name on the state website’s Department of Revenue search engine.

If the item is available, but you are not yet ready to file, you have the option to hold the name by submitting Form UNRR-1, the Application for Reservation of Name. The fee is $50. By filing this document, you can hold your LLC business name for up to 120 days.

When choosing your name, remember that by law, it must either include the words “limited liability company” or an acceptable abbreviation such as “LLC,” “LLC,” “LC” or “LC”

Get an Employer Identification Number (EIN)

Before you can register your LLC in New Jersey, you must obtain an employer identification number. EINs might sometimes get called a Federal Employer Identification Number (FEIN) or Federal Tax Identification Number (FTIN). EINs are required for most businesses. Notable exceptions are single-member LLCs, which can get by with the owner’s Social Security number (SSN).

EINs are ideal for one-member LLCs because they can help protect your SSN from identity theft as well as preserve your privacy. You can quickly obtain your own EIN on the IRS website.

Get or Appoint a Registered Agent

In New Jersey, your LLC must have a registered agent. This person or company is responsible for accepting important forms, such as state paperwork or legal documents, on behalf of your business.

You can act as your own registered agent, or appoint someone from within the LLC to take on this role. To qualify, either you or the member must be at least 18 and have a physical New Jersey address.

It is also possible to hire another party to act as your LLC’s registered agent. Pricing is between $49 and $300 annually, with many companies offering their services for an average of $100 per year. Before paying, be sure you understand exactly what you are paying for—not just upfront fees, but also what gets paid for yearly.

Public Record Filing

If you are forming a brand-new business entity in New Jersey, you are asked to complete a Public Records Filing for New Business Entity form. This form, linked in the next section, must be turned in before submitting your LLC papers.

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