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Commonly Asked Questions about New jersey Business Forms

What is a certificate of dissolution and termination in NJ?

The certificate of dissolution and termination is available online for download and there is a fee for filing. By filing these articles, you are formally terminating the LLCs status as a business entity registered directly with the state. This is also referred to as the formal process of dissolution.

Do I need a business license in NJ?

Although the state does not issue a general business license, many businesses are regulated at the state and local levels. Most businesses are required to complete a tax/employer registration (NJ-REG) with the New Jersey Division of Revenue and Enterprise Services (DORES).

How to start a business in NJ step by step?

How to Start a Business in New Jersey Choose a Business Idea. Take some time to explore and research ideas for your business. Decide on a Legal Structure. Choose a Name. Create Your Business Entity. Apply for Licenses and Permits. Choose a Business Location and Check Zoning. File and Report Taxes. Obtain Insurance.

What is an FLC in New Jersey?

NJ Foreign Limited Liability Company (FLC)

What is the NJ reg form?

BUSINESS REGISTRATION FORM (NJ-REG) The procedure covers tax/employer registration for ALL types of businesses, and also covers the filing of NEW legal business entities such as domestic/foreign corporations or limited liability companies (Public Records Filing, page 23-24).

What is a NJ FLC?

A New Jersey Foreign LLC is a limited liability company that has registered to do business in New Jersey but was originally formed in another state.

What are the disadvantages of having an LLC in New Jersey?

Main drawbacks: More expensive to create than a partnership or sole proprietorship. State laws for creating LLCs may not reflect the latest federal tax changes. Inability to obtain VC funding. Inability to provide employees with stock options.

Who needs a certificate of authority in New Jersey?

Businesses that are incorporated in another state will typically apply for a New Jersey certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity. Operating without a certificate of authority may result in penalties or fines.