Here is a question I was recently asked by a client interested in starting up a small business in New Jersey. Does the State charge annually a business fee for more than 1 or 2 members of a NJ LLC for the privilege of doing business in New Jersey? I had forgotten it’s been so long since I dealt with LLC filing requirements and annual renewals.
I was not surprised to research that when an LLC has three or more members, New Jersey charges $150.00 per member each year. No fees are due for one or two members of an LLC. A single member LLC is considered a disregarded entity and generally files a Schedule C on a personal return. The annual registration fee to New Jersey is $50.00.
To discuss your NJ LLC matter, please contact Fredrick P. Niemann, Esq. toll-free at (855) 376-5291 or email him at fniemann@hnlawfirm.com. Please ask us about our video conferencing consultations if you are unable to come to our office.
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold Township, Monmouth County New Jersey LLC Attorney