The state of New Jersey is excellent for starting a business or growing an existing one. You can form a limited liability company (LLC) in New Jersey as a foreign LLC if it is already authorized in another state or nation. The New Jersey Division of Revenue and Enterprise Services must be contacted, documentation must be submitted, a fee must be paid, and a registered agent must be chosen in the state.
You must submit a Certificate of Authority to the Division of Revenue and Enterprise Services in order to register a foreign LLC in New Jersey. The name, address, and registered agent of your LLC are all listed in this document. A certificate of good standing from the state where your LLC is registered, attesting to its legitimacy and ability to conduct business there, will also need to be included.
In New Jersey, a foreign LLC must pay a $125 filing fee. The processing time is typically 7 to 10 business days, and you may submit your paperwork either online or by mail. You will have the legal right to conduct business in New Jersey once your Certificate of Authority has been issued.
You will be in charge of receiving official correspondence and other relevant papers on behalf of the LLC in your capacity as registered agent. This covers items like court cases, tax notifications, and other governmental correspondence. Being a registered agent carries some risks because you could be held accountable if you fail to provide crucial documents or miss crucial dates. Due of this, a lot of business owners opt to use a registered agent service.
Both LLCs and sole proprietorships offer benefits and drawbacks when deciding on the best business structure. LLCs provide limited liability protection and more management and tax flexibility. However, setting up and running a sole proprietorship is less difficult and expensive. The ideal option will ultimately depend on the particular requirements and objectives of your company.
An organizer is a person or organization that is in charge of filing the LLC’s articles of formation and starting the company. The owner of the LLC or a service provider can be this. One or more of the organizer’s duties may be to choose a registered agent, get all required licenses and permits, open a bank account, and draft an operating agreement. Usually, the organizer’s job is done once the LLC is formed.