Changing Your Business Name in NJ: A Step-by-Step Guide

1. Pick a New Name

First, you must choose a new name for your company. Verify that it is available and not being used by another company in New Jersey. By performing a search in the New Jersey Business Name Database, you can determine whether a business name is available.

2. Submit a Business Name Change Certificate to the New Jersey Division of Revenue

After deciding on your new company name, you must submit a Business Name Change Certificate. The form can be submitted by mail or online through the Division of Revenue’s website. The certificate must be filed for $50.

3. Update Your Business Records

You must update your business records, including your business bank account, tax ID number, and any licenses or permits you may have, after submitting the Business Name Change Certificate. Additionally, you must change any contracts, invoices, and other legal documents with your new business name. forming an organization in New Jersey You must submit Articles of Incorporation to the New Jersey Division of Revenue if you’re launching a new firm there or want to convert your existing one to a corporation. The form can be submitted online or by mail. There is a $125 filing fee. LLCs & Taxes in New Jersey

In New Jersey, Limited Liability Companies (LLCs) are regarded as pass-through businesses for taxation. As a result, the LLC’s earnings and losses are disclosed on the owners’ individual tax returns. However, LLCs must still submit an annual report to the state and pay a minimum tax of $500. Filing Annual Reports in New Jersey

In New Jersey, a yearly report must be filed with the Division of Revenue by all companies, including corporations and LLCs. The report must be submitted by March 31st of each year. If you don’t submit the report, you could be fined and your company could be shut down. Closing a Business in New Jersey

In New Jersey, you must submit Articles of Dissolution with the Division of Revenue if you need to close your firm. There is a $25 filing fee. Aside from paying any outstanding obligations and taxes, you’ll also need to cancel any licenses and permissions you currently hold.

As a result, changing your company name in New Jersey is a simple procedure that only requires the filing of a Business Name Change Certificate and updating of your company’s documents. There are particular conditions that must be satisfied while incorporating in New Jersey, paying LLC taxes, submitting yearly reports, and terminating a firm. It’s best to speak with a business attorney or accountant if you have questions about any of these procedures to make sure everything is done properly.