To conduct business transactions in New Jersey, a foreign corporation must obtain a certificate of authority. The requirement exists to ensure that local and foreign companies are on an equal footing and must comply with the same laws. If your company has employees or pays taxes separately from you, you must obtain a federal employer identification number (EIN) from the IRS. Even if you are not required to obtain an EIN, there are often business reasons to do so.
Banks often require an EIN to open an account in the company's name, and other companies with which you do business may require an EIN to process payments. You can get an EIN by completing an online application. There is no filing fee. Welcome to the New Jersey Online Business Training Service.
You can use this simplified service to submit training and authorization certificates for business entities. New Jersey's requirements for business permits and licenses vary between local, county, and state governments. All legal entities must file annual reports, and corporations are liable for corporate business tax, from the date of formation to the date of dissolution of the corporation. Also, review your lease agreement (if you rent your home) and homeowners association rules (if applicable), as any of which could prohibit some or all home-based businesses.
At this stage, consider your own interests, skills, resources, availability, and the reasons you want to form a company. These companies, such as seasonal operations and flea markets, are also required to file the Filing and Public Entity Registration. An insurance agent can help you explore different coverage options, which may include general liability insurance to protect your business against claims related to bodily injury or property damage. Subcontractors and contractors must provide a business registration certificate when doing business in New Jersey.
This is an overview of the rules on how to qualify your foreign (non-New Jersey) limited liability company (LLC) to do business in New Hampshire. Businesses that have contracts with public agencies in New Jersey, such as local governments, state agencies, universities, school boards, and casinos, will require a business registration certificate that will serve as proof of company registration. In addition, a member or manager of your LLC is not liable for the company's debts, obligations, or other liabilities solely because the company conducted business transactions in New Jersey without a certificate of authority. Only those companies that file this form are vulnerable to a nexus review by the Tax Division.
Companies operating out of state must file Form NJ-REG, if they do not have a state tax nexus, to obtain a business registration certificate. Whether you can be held personally liable for your company's debts depends on the structure of your company and how it was formed. In tax law, “nexus” is a term that defines the degree to which a company has a presence in a state or locality.