Forming an LLC in New Jersey is no different than forming a New Jersey corporation or limited liability company. The only difference is that one does not have to register the LLC as a corporation nor does one have to register its LLC as a limited liability entity (LLC). However, when a New Jersey resident tries to do so, the New Jersey state government takes notice and will require some paperwork. If an individual fails to comply, the New Jersey state authorities can revoke the registration of the LLC.
To form an LLC in New Jersey, one has to file Articles of Organization with the state government. For information on how to formally form an LLC in any state, visit Nolo's website or begin a limited liability company ( LLC ) in New Jersey by filing the necessary forms at the county clerk's office in one's state. One can also visit the New Jersey Corporation Commission's website and download forms for an LLC. A majority of LLCs created in New Jersey initially incorporate as a New Jersey corporation. However, when the owners desire to incorporate as an LLC, they must file an Article of Organization with the county clerk.
After filing the articles of organization, a certificate of office or letter of authorization will be provided to the person who filed the forms. This is to assure that the person actually filed the form and it was received in good faith. A majority of New Jersey lcci associations do not require the consent of the members to accept certain types of donations which makes incorporating a New Jersey Llc less burdensome compared to other lcci associations. Nevertheless, a non resident alien must provide consent to incorporate a new jersey lcci company in New Jersey and this requires the submission of various forms.
New Jersey Limited Liability Company
new jersey llcs must follow specific rules when accepting certain donations. They cannot accept contributions from foreign corporations unless they comply with New Jersey corporate laws. All forms of contributions are dependent on the recipient which can vary depending on the nature of the gift. It is also important to note that New Jersey LLCs are not allowed to carry on any other businesses when they are incorporated. As an example, they cannot operate a shop or a convenience store if they incorporate as a new jersey LLC.
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To incorporate as a New Jersey LLC, a letter of organization must be submitted along with a signed article of incorporation. These two documents are then sent to the New Jersey Corporation Commission together with an application for certificate of authority. The application consists of several questions which must be answered truthfully. When all the required documents are received, the certificate of authority will then be mailed to the applicant. On successful acceptance into LLC, the owner will receive a certificate of exemption which will be needed to transact business.
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There are several New Jersey LLCs that are designed to benefit individuals and companies. One popular type of company formation is a New Jersey sole proprietorship. This type allows the owners to avoid the double taxation of income and dividends by using their tax status as a personal liability. The only disadvantage is that New Jersey residents are not able to use their personal assets for the benefit of the limited liability company.
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A New Jersey limited liability company also has the advantages of no state fee for filing and maintenance. However, there is an annual registration fee which is due in the first year of operation. This fee is in addition to the annual state fee for operation and maintenance. In order to remove the registration fee, the New Jersey Corporation Commission must be notified.
To learn more about New Jersey LLCs, you should consult with a registered agent service. A registered agent service can help you get more information about New Jersey LLCs and set up your own company. If you are ready to start your business, contact a registered agent service today. To learn more about setting up a New Jersey limited liability company, including other types of businesses, please click on the attached link.
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