Starting a Business in New Jersey
LLC filing: $125 | Corp filing: $125 | Business-friendly score: 5.2/10
Business Environment at a Glance
5.2/10
Business-Friendly Score
1.4% - 10.75%
Income Tax
6.625%
State Sales Tax
$15.49
Minimum Wage
Business Filing Fees in New Jersey
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $125 | One-time, filed with Secretary of State |
| LLC Annual Fee | $75 | Due annually to maintain good standing |
| Corporation Filing Fee | $125 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $75 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 1.4% - 10.75% |
| Corporate Tax Rate | 6.5% - 11.5% |
| State Sales Tax | 6.625% |
| Max Local Sales Tax | 0% |
| Minimum Wage | $15.49/hr |
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New Jersey Special Requirements
- Annual report required with Division of Revenue ($75)
- NJ Business Registration Certificate required before conducting business
- New Jersey Paid Family Leave and Temporary Disability Insurance required
- Workers compensation required for all employers
Major Cities in New Jersey
Browse Industries in New Jersey
Start Your Business in New Jersey
The state filing fee for an LLC in New Jersey is $125. Licenses, insurance, equipment and rent usually cost far more: see the full picture for your business type and city.
Estimate your startup costs