Steps to Forming a New Jersey Corporation
Information We Need From You to Start Your Corporation
1: Select a Name: Your company name must include one of the following: Inc., Corp., Corporation, Ltd., Co., or Company. If you do not add an appropriate designator to your company name, the Division of Revenue will add one for you.
2: Authorize Shares: Corporations are owned by their shareholders. Shareholders own shares of stock in the corporation. New Jersey requires you to identify how many shares you want to initially authorize. Usually, a corporation would only authorize a small number of shares, say 100. At your first shareholders meeting, you can issue 51% of those shares to yourself, giving you control of your company. The remaining shares can be kept for future business partners.
3: Choose Management: Corporations are managed by their Directors. Directors are responsible for establishing company policies, setting employee salaries and bonuses, issuing stock, and appointing the corporate officers (President, Treasurer, Secretary). Generally speaking, you would appoint yourself the Director and take on the roles of the corporate officers.
4: Remaining Info Needed to File:
-
Business purpose: the lawful business your corporation intends to conduct (optional).
-
Duration: if you want your corporation to be dissolved upon a specific later date, you can indicate a particular date.
-
Principal business address: the physical street location of the business office where your corporate records and financial books are kept.
-
Registered Agent: lawful registered agents must have a physical street address in New Jersey. This is called a registered office, and it cannot be a PO box. All of our Speedy filings come with one free year of New Jersey registered agent service by Northwest Registered Agent. This service keeps your private home and office addresses off the public record and fulfills the registered agent, mailing and principal address requirements.
-
Management: the name and street address of at least one of your directors.
Form Your Corporation Here Online
Steps to Forming a New Jersey LLC
Information We Need From You to Start Your LLC
1: Select a Name: Your company name must include one of the following: Limited Liability Company or L.L.C. If you want to see if your company name is currently available, you can do a New Jersey business name search.
2: Membership: The owners of an LLC are known as members. Unlike a corporation, an LLC does not issue any shares of stock to its owners. Instead, members simply receive an ownership percentage. This percentage is usually, but not always, in proportion to what each member has invested in the company.
3: Choose Management: An LLC is normally managed by its members. The members are typically involved in the daily operations of the company, as well as the managerial decisions and setting the company policies. However, LLCs can also choose to appoint a manager to run the business. Manager can be members, or they can be outside parties.
4: Remaining Info Needed to File:
-
Business purpose: the legal business your LLC intends to pursue.
-
Duration: you can choose to have your LLC dissolve on a particular later date, otherwise the duration is considered perpetual.
-
Principal business address: the physical street address where your company records and financial books are kept.
-
Registered Agent: a legal registered agent must have a physical street address within the state, known as a registered office (no PO boxes). All our Speedy filings come with one free year of New Jersey registered agent service. This free service keeps your personal home and office addresses off the public record and fulfills your registered agent, mailing and principal office requirements.
Form Your LLC Here Online
Testimonials
“You do a great job now. I ordered with you vs. other sites for one reason, you answered my e-mail immediately. Thank you. ” – Andy H., Newark, New Jersey
“Loved the straightforward simplicity of a complex situation. I will certainly tell others to check it out! ” – Paul M., Jersey City, New Jersey
“Very nice website with competitive pricing. I have just started my personal side business and you helped it happen, thank you so very much. ” – Angela N., Burlington , New Jersey
