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Business Formation / LLC New Jersey
Business Formation / LLC New Jersey
Regular price
$124.99 USD
Regular price
Sale price
$124.99 USD
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How Much Does It Cost to Start an LLC in New Jersey?
π Initial Formation Costs β New Jersey
| Item | Cost | Description |
|---|---|---|
| Certificate of Formation | $125 | Required to officially register your LLC with the New Jersey Division of Revenue. Applies whether filed online or by mail. |
| Name Reservation (Optional) | $50 | Reserve your desired LLC name for up to 120 days prior to registration. Not required to form an LLC. |
| Trade Name Registration (DBA) (Optional) | $50 | If your LLC will operate under a name different from its legal name, you must register a trade name with the Division of Revenue. |
| Registered Agent Service (Optional) | $0β$300/year | You can serve as your own agent at no cost or hire a third-party service for privacy and compliance. |
| Operating Agreement (Optional) | $0β$500 | Not required by the state, but highly recommended for defining ownership, duties, and procedures. Can be free if self-prepared or costly if attorney-drafted. |
| Employer Identification Number (EIN) | $0 | Required for tax reporting and hiring employees. Can be obtained free from the IRS online. |
π Ongoing Annual Costs β New Jersey
| Item | Cost | Description |
|---|---|---|
| Annual Report | $75/year | Due each year by the end of the LLCβs formation month. Required to maintain good standing with the state. |
| Minimum Partnership Tax (if multi-member LLC) | $150/member/year | Applies only to multi-member LLCs taxed as partnerships. |
π Additional Considerations
-
Business Licenses & Permits:
Varies widely based on industry and location. You may need local, county, or state-level permits or professional licenses. Check Business.NJ.gov for specific requirements. -
State Taxes:
New Jersey imposes:-
Sales Tax: 6.625% (if applicable to your goods/services)
-
Corporate Business Tax (if LLC is taxed as a C Corp)
-
Income Tax: Personal income from LLCs flows through to members and is taxed at personal rates.
-
π° Estimated Total Costs β New Jersey
| Category | Estimated Cost |
|---|---|
| Minimum Startup Cost | $125 |
| (Certificate of Formation only) | |
| Typical Startup Cost (with options) | $225β$525 |
| (Includes name reservation, DBA, registered agent, and operating agreement) | |
| Annual Maintenance Cost | $75β$525/year |
| (Annual report + optional registered agent + partnership tax if applicable) |
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πΒ What additional costs am I responsible for?
In addition to our fee, you will be potentially responsible for the costs of some or all of the items below if applicable.
- LicensesΒ
- Filing Fees
- Reports
- Name Reservations
- Articles of Organization
