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contact usLocated in the heart of the bustling Atlantic corridor and nestled between New York and Pennsylvania, New Jersey has the highest population density of any U.S. state. New Jersey was named for the island of Jersey in the English Channel. Its long and beautiful coastline has long made New Jersey a popular vacation destination, with over 50 seaside resort towns including Asbury Park, Atlantic City and Cape May.
As of 2018, New Jersey was home to the highest number of millionaires per capita of all U.S. states. New Jersey's public school system consistently ranks at or among the top of all fifty U.S. states. It has world-class universities, leading technology and biological science firms and one fast turnpike.
New Jersey is the fourth-smallest state by area but the 11th-most populous, with 8,882,190 residents as of 2019 and an area of 8,722.58 square miles, making it the most densely populated of the 50 U.S. states.
The racial makeup of the state was:
Spanish is the most frequently spoken language in New Jersey after English followed by Chinese and Portuguese.
The government of the State of New Jersey, like that of the United States, is divided into three coequal branches: the legislative, the executive, and the judicial. The principal function of the Legislature is to enact laws. The Executive Branch (the Governor, Lieutenant Governor and State agencies) carries out the programs established by law. The Judiciary (the Supreme Court and lower courts) punishes violators, settles controversies and disputes..
New Jersey had the eighth largest economy of the 50 states in 2017, as measured by Gross Domestic Product. The state had $60,684 in GDP for each person in its population in 2018, the tenth highest of the states, compared to the national average of $56,717.
New Jersey is a major industrial center, an important transportation corridor and terminus, a leading state in agricultural income per acre and a long-established playground for summer vacationers. Nineteen Fortune 500 companies are based in New Jersey, four of which are Fortune 100 companies.
United States Dollar (USD)
New Jersey does not separately impose exchange control or currency regulations.
The financial services industry has become a key component of New Jersey's economic strength and growth. The state has been home to many banks and financial services companies for years due to tax regulation on interest rates.
New Jersey has a common law system. The business laws of New Jersey are user-friendly and often adopted by other states as a standard for testing business laws. As a result, the business laws of New Jersey are familiar to many lawyers both in the US and internationally.
One IBC supply incorporation in New Jersey service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
More than a million corporations have been incorporated in New Jersey and lots of U.S. publicly-traded companies. Businesses choose New Jersey because it provides modern and flexible business laws and a business-friendly State Government.
The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.
The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";
No public register of company officers.
Just 4 simple steps are given to start a business in New Jersey:
* These documents required to incorporate a company in New Jersey:
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How to start a business in New Jersey, USA
There is no minimum or a maximum number of authorized shares since New Jersey incorporation fees are not based on the share structure.
Only one director required
Minimum number of shareholders is one
Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.
The New Jersey Franchise Tax Board requires all new LLC companies, S-corporations, C-corporations that is incorporated, registered or doing business in New Jersey must pay the $800 minimum franchise tax
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Payment, Company return due date
All LLC companies, corporations are required to update their records, either annually or biannually, based on the year of registration and pay the $800 Annual Franchise Tax every year.
A Statement of Information must be filed with the New Jersey Secretary of State within 90 days after filing the Articles of Incorporation and each year thereafter during the applicable filing period. The applicable filing period is the calendar month in which the Articles of Incorporation were filed and the immediately preceding five calendar months
Most corporations must pay a minimum tax of $800 to the New Jersey Franchise Tax Board each year. New Jersey Corporation Franchise or Income Tax Return is due on the 15th day of the 4th month after the close of the corporation's tax year. New Jersey S Corporation Franchise or Income Tax Return is due on the 15th day of the 3rd month after the close of the corporation's tax year.
Limited liability companies must file a complete Statement of Information within the first 90 days of registering with the SOS, and every 2 years thereafter before the end of the calendar month of the original registration date.
Once your limited liability company is registered with the SOS it is an active business. You are required to pay the minimum annual tax of $800 and file a tax return with FTB for each taxable year even if you are not conducting business or have no income. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.
