If you're looking to start and manage a New Jersey limited liability company (LLC), you'll need to prepare and file several documents with the state. One of the most important documents is the annual report, which is required for all businesses in New Jersey. Here's what you need to know about filing your New Jersey annual report. The annual report is due on the last day of the month in which you completed your company formation (LLC, Corporation, etc.). You can find the date of formation on your submitted Training Certificate or by searching for your company name in the Treasury Department's entity database.
It's important to note that there are no late payment penalties if the Annual Report is not submitted on time. However, if it's not filed within two years, the Treasury Department will administratively dissolve the entity. Both LLCs and corporations have to file annual reports in accordance with state law, and both business entities have approximately the same state filing requirements. Once you file your New Jersey annual report and pay the fees, it will most likely be for the year (as long as it is not a corporation filing separate annual reports to shareholders and the SEC).
The only way to file the Annual Report is online through the New Jersey Department of the Treasury website. Even if your LLC or New Jersey Corporation received no income or had no business activity, the Annual Report still needs to be filed. In this case, they will need to submit an additional form to change the name on their certificate of incorporation or deed of incorporation. Anyone with authority to prepare and submit business filings can file a New Jersey Annual Report.
It's important to note that each state has its own filing requirements, and they vary depending on whether your company is a corporation or a limited liability company (LLC). In addition to filing regular tax returns, most states require corporations and LLCs to file an annual report. This is because many banks, licensing agencies, and even potential customers require proof that a company is in good shape. For more information on the requirements to form and operate an LLC in New Jersey, see the Nolo article, 50 State Guide to Forming an LLC and other LLC articles in the LLC section of the Nolo website.