Do You Need to File an Annual Report for Your LLC in NJ?

Do I need to file an annual report for my LLC in NJ?
Every business in NJ must file an annual report. This includes simply ensuring that your registered agent and address are up to date, and submitting a $75 filing fee. The report is due on the last day of the month in the month in which you completed your business formation (LLC, Corporation etc).
Read more on business.nj.gov

In the state of New Jersey, if you are the owner of a limited liability corporation (LLC), you might be wondering whether you have to submit an annual report. Yes, filing an annual report with the Division of Revenue and Enterprise Services is required of all LLCs in New Jersey. Every year, on the last day of the month that your LLC was founded, you must submit this report.

What Is the Cost to File an Annual Report in New Jersey?

In New Jersey, submitting an annual report for your LLC costs $50. In order to keep your LLC active, you must pay this cost. A $50 late fee will be applied to the cost if your yearly report is not submitted on time.

Who Must Submit an Annual NJ Report?

In New Jersey, a yearly report must be filed by every LLC, domestic or international. Foreign LLCs are those that were founded in another state but are conducting business in New Jersey, whereas domestic LLCs are those that were incorporated in New Jersey. Do NJ LLC fees have to be paid annually?

Yes, in order to keep their status as active, LLCs in New Jersey must pay an annual fee. Depending on the kind of LLC you have, the price of this fee varies. Domestic LLCs must pay an annual charge of $125, whereas international LLCs must pay an annual cost of $225.

What Is Compliance with Annual Reports?

In order to keep your LLC active, you must comply with the yearly report requirements and submit them to the Division of Revenue and Enterprise Services. This report contains details on the operations of your LLC, such as its registered agent, management, and members. You may make sure that your LLC maintains good standing with the state of New Jersey and evade any penalties or fines by adhering to the yearly report filing requirements.

In conclusion, it’s critical to complete your annual report on time and keep up with your yearly payments if you operate an LLC in New Jersey. You may retain your LLC’s active status and avert any potential legal problems by doing this. Consult with a reputable business attorney or accountant for advice if you have any questions or concerns regarding the annual report filing obligations.

FAQ
What happens if you dont pay your annual report?

Your LLC will be deemed in default if your annual report is not submitted on time, and you risk penalties and fines. Additionally, your LLC runs the risk of losing its standing in good standing and ultimately being dissolved by the state.