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
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Start Your Business in New Jersey
Form your LLC in New Jersey for $125 online.
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