How to incorporate in New Jersey
Incorporating your business in New Jersey can be done by hiring a lawyer, using an incorporation service, or by doing it yourself. If you hire a lawyer to incorporate your business in New Jersey, you will be paying hourly fees, plus any filing fees that are associated with incorporating your business. If you decide to hire an incorporation service, which they can often be found online, you will be paying a flat fee for their service, plus any filing fees that are needed to incorporate your company in New Jersey. Incorporating your business yourself means you will only be paying any filing fees that are need for the incorporation process.
Incorporating your business is not that hard; most people find that they can do it themselves. One of the easiest ways to go about incorporating your business is to use an operating agreement that your company already has drawn up. Using an old operating agreement makes filling out the required paperwork easy because majority of the information that is needed is included in the operating agreement.
Before you begin filling out any paperwork you will need to choose a name for your corporation. When choosing the name of your corporation you will need to perform a search of the name to ensure that it is not being used by any other registered businesses, you also have to look for any similar business names. You will also need to follow any other regulations that are required for corporation business names, such as having the proper ending and not using any terms that are not allowed. When creating a business name keep in mind the length of the name, the longer it is the more it might cost to get a corporate seal stamp made. Your corporate seal can be sued for issuing stock or even opening a bank account.
Once you have chosen your corporation’s name you will need to fill out the articles of incorporation. The articles of incorporation for the state of New Jersey do not need to include any director’s information, but you will want to keep it in your corporation’s records. The officers’ information does not need to be included in the articles of incorporation either, but needs to be kept on file in your corporations records. You will need to include any stock information in the articles of incorporation, including the class of stock that you will be issuing, how many shares of each class you will be issuing and the value of each share of stock. A good thing to know about issuing stock in New Jersey is that you can authorize an unlimited number of shares of No Par value stock, but the other classes of stock are limited.
Once the paperwork is done, you will need to file it with New Jersey’s filing office. When filing the articles of incorporation with the state’s filing office, you will need to pay the filing fee that is required. Once you have filed the first year you will be given a special date for your corporation to file its annual reports. Each year either 30 days before or 30 days after the date, you are given, your corporation will need to file its annual report and pay a $40 filing fee.
Once all your paperwork is filed, you will need to hold a meeting for your corporation so that you can adopt the corporation’s bylaws. You can also choose your board of directors and handle any other business that is required at the first meeting. Once that is done you will need to obtain your federal employer identification number and open a bank account for your corporation.
Incorporating a company in Delaware is a popular thing to do. Many businesses choose to incorporate in Delaware because of how business friendly Delaware is, and the cost of incorporating in Delaware is not as high as other states.
The first thing that you need to do to incorporate your company in Delaware is to choose the business entity type. In most cases, you would want to choose a corporation, but other business entity types also have to register with the Delaware Division of Corporations. If you are not sure about what type of business entity you should form you need to contact a lawyer or certified public accountant that knows Delaware laws, they will be able to provide you with information on what would work best for your business.
Once you have selected the business entity type you are going to need to obtain a registered agent. Every business that does business in Delaware or incorporates their business in Delaware is required to have a registered agent in the State of Delaware. The registered agent can be an individual or a business that is authorized to do business in Delaware. When selecting a registered agent make sure that they have a physical street address in Delaware. If your business is not going to be physically, located in Delaware you can obtain a list of Delaware Registered agents from the Delaware Division of Corporations. If your business will be physically located in Delaware then the business can act as its own registered agent.
The third thing that you will need to do to incorporate your business in Delaware is to choose a business name. Delaware also offers you the chance to reserve your business name for up to 120 days by paying a $75 fee. Reserving the name allows you to complete the name search to ensure that nobody else is using that name without the danger of somebody else taking your business name.
The fourth thing that you will need to do is to fill out your certificate of incorporation, also known as the articles of incorporation, forms. When filling out the certificate of incorporation forms you can obtain the forms and instructions for filling out the forms from the Delaware Division of Corporation’s website. Once you have filled out the certificate of incorporation you will need to submit them to the Delaware Division of Corporations office. You can do this by faxing in the forms or mailing them. When submitting the articles of incorporation makes sure, you provide a cover sheet that includes your name or your businesses name, a return address, and a phone number that you can be reached at.
You will also need to open a business account with a financial institution of your choice. Some banks will require you to have a corporate seal stamp to open the business account, while others will require you to have a certified copy of your new entity filing. If this is required, you can order one at the same time that you file your articles of incorporation. How much you will have to pay for the certificates will depend on if you need the short or long form. The short form costs $50 per certificate, while the long form costs $175 per certificate.
The last thing that you will have to do to incorporate a company in Delaware is to file an Annual Report and pay a franchise tax. This must be done by March 1st every year, and the filing fee is $50 plus taxes due
