A yearly report must be filed by all New Jersey-registered corporations, limited liability companies (LLCs), limited partnerships, and limited liability partnerships (LLPs). Corporations that are not for profit are excluded from this rule.
You must first receive a certificate of formation or authorisation from the state in order to submit an annual report. This certificate will include the special identifying number for your company, which you must mention on your yearly report. On the website of the New Jersey Division of Revenue and Enterprise Services, the annual report can be submitted electronically.
Your company may be subject to penalties and fines if you don’t submit your annual report by the deadline. In addition, if you frequently fail to submit your yearly reports, the state may withdraw your company’s license to operate in New Jersey.
Depending on the kind of business you own, filing an annual report in New Jersey costs a different amount. You must pay an annual fee of $50 for corporations and LLCs, $25 for limited partnerships and LLPs, and late filing costs if you fail to file your annual report by the due date.
In conclusion, it’s critical to keep up with your yearly report filings if you own a business in New Jersey. Your business’s license to operate in the state may be revoked if you don’t submit your annual report on time. Penalties and fines may also apply. Make sure to submit your yearly report on time and keep your company’s information current with the state to prevent severe repercussions.
Yes, you must submit an annual report to the New Jersey Division of Revenue if you operate an LLC in the state of New Jersey. Every year, by the last day of the month in which your LLC was created, the Annual Report is due. You must also pay the appropriate charge and submit the Annual Report together. Penalties, late fees, and even the revocation of your LLC’s license may apply if the Annual Report is not submitted on time and the charge is not paid. As a result, it’s critical to renew your LLC each year in New Jersey by submitting the Annual Report and making the necessary payment.