If you have an LLC in New Jersey and want to expand your business beyond New Jersey, you must form a foreign LLC. Any business, especially a limited liability company, located in other states, starts its operation in New Jersey, must file a foreign LLC in New Jersey. To do so, every LLC needs to file additional filing documents, along with tax and relevant documents with the New Jersey government.
In this article, you’ll be reading about how to start a foreign LLC in New Jersey. Along with that, the page guides you through the steps involved in managing and maintaining a foreign LLC in New Jersey after you form it.
Forming a Foreign LLC in New Jersey
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. If you register your LLC in one state and operate your business in New Jersey, you probably need to register your LLC as a foreign entity here. Imagine, if your family owns a sushi restaurant in Alabama and you want to expand the chain somewhere in Texas, you must establish your restaurant in Texas as a foreign entity.
Anyone who has an active and in good standing LLC anywhere (except for New Jersey) and wants to expand their operations in New Jersey can file their LLC as a foreign entity. To start a foreign LLC in New Jersey, you need to register it with the New Jersey Secretary of State. Every state has a different rule for establishing a foreign LLC. Here are the steps to follow in New Jersey for registering a foreign LLC.
Note: These are generic steps to file a foreign LLC in New Jersey. Make sure to check with the State Secretary of State, before you start filing your business. – LLCBuddy Team
Step 1: Get the Standing Certificate From Home State
Before you proceed to register your LLC in New Jersey as a foreign entity, you must get the Standing Certificate issued from your home state SOS. This is an important document to register an LLC in a foreign state.
If your LLC is originally registered in New Jersey, then you must obtain the Standing Certificate from New Jersey Secretary of State. If your LLC is in other states, the name of the same document might be different. Every LLC, registered in any state other than New Jersey must get this document to register a foreign LLC in New Jersey.
Filing Standing Certificate: In New Jersey, the Standing Certificate can be obtained online. One must visit the NJ Division of Business and Search Business by name. You will get the business details once you enter the correct name of the business. Select the type of Certificate you require, add it to the cart, and continue to purchase the document. On the next page, make a payment and you’re done.
Step 2: Choose New Jersey Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements to the New Jersey Secretary of State. Your LLC’s legal name outside of New Jersey will be listed on the application, along with the name it will use in New Jersey. Take note of the requirements for naming your LLC.
You can use the same name as your domestic LLC name, however, that name should be available in New Jersey to use. Check name availability at New Jersey’s business entity names and reserve your LLC name. There are a bunch of LLC naming guidelines in New Jersey when it comes to forming a foreign LLC. Check the guidelines before you name your business.
Step 3: Select New Jersey Foreign LLC Registered Agent
A registered agent is a person responsible for receiving all official and legal documents on behalf of your company, whether it is located domestically or in a foreign state. For a foreign LLC in New Jersey, you must have a registered agent from New Jersey only. No matter where your domestic LLC is located, you must hire a registered agent from New Jersey for your foreign LLC.
You’ll need a registered agent to form a foreign LLC in New Jersey and take note that the New Jersey Registered Agent must have a local address. Here are the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 4: File Application for Registration for New Jersey Foreign LLC
The most important step is to send the application for registration with New Jersey SOS. Download the PDF form from the New Jersey Secretary of State website or file it online (whichever method is available). The form must be filled out with the following details:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- DBA filing method in New Jersey: two methods, by mail and in person.
- Online: There is no online filing available
- Offline: For filing offline, you must send the accomplished DBA filing form to the County Clerk’s Office in the county where your business is located. Addresses vary by county.
- DBA filing fee in New Jersey: $50
- LLC’s principal office and mailing addresses
- LLC formation state and date.
- Registered agent’s name and address in New Jersey.
- Date when your LLC will start operations in New Jersey.
- Credit card information is on the last page of the form for the application fee.
Online Filing
For the online filing of a foreign LLC in New Jersey, users must get the Online Foreign LLC Registration form from the Secretary of State portal or from the link we shared. In that online form, you shall share some points related to the LLC you’re going to start in New Jersey. Once done sharing the details, you can access the application form. Submit the form online along with the fees.
Offline Filling
For the offline filing of a foreign LLC in New Jersey, get the Foreign LLC Registration Form (PDF) and fill it up with the correct and relevant information. Sent the paper form (typed or printed) to the SOS address at New Jersey Division of Revenue, P.O. Box 308, Trenton, NJ 08646.
Foreign LLC Registration Fee in New Jersey: The processing fee for the foreign LLC registration is $125. If you are registering for a DBA name along with the foreign LLC form, then you must pay an additonal $50. To expedite the process $50 can be paid for a same day filing and $25 additional can be paid for processing within 24 hours.
The LLC cost in New Jersey, even for foreign LLCs will differ between online filing and by mail. Also, read about what’s the major difference between New Jersey’s domestic and foreign LLCs.
Step 5: Determine How Your New Jersey Foreign LLC is taxed
Foreign LLCs are also subjected to the New Jersey Business Privilege Tax and must file LLC annual reports each year. If you have a single-member foreign LLC then it will be considered as a ‘disregarded LLC’ by IRS. That means the LLC will not be regarded as a company but it will be taxed as an individual (the owner). If you already have an LLC in the home state, you must have obtained the EIN as well. You don’t need to obtain the EIN in New Jersey for a foreign LLC separately as it is issued from the IRS.
For other types of LLCs (member-managed or manager-managed LLCs), it will be a ‘pass-through taxation‘ where the LLCs don’t get taxed separately, instead, the members and managers are taxed based on their personal income. So, foreign LLCs are taxed as same as domestic LLCs in New Jersey. However, it is recommended to check with the New Jersey Secretary of State for state-wise taxes.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Filing New Jersey Foreign LLC Online – Quick Recap
- Get the Standing Certificate from your home state where your LLC is originally registered
- Check if the name of your LLC is available in New Jersey to use for your foreign LLC. If not, file DBA name with New Jersey SOS.
- Get a registered agent in New Jersey to represent your foreign LLC in New Jersey. Recommended, professional help instead of being your own registered agent.
- File the Application of Foreign LLC with the New Jersey Secretary of State following the mentioned method(s) above.
- Make the processing fee.
BOI Reporting
According to the Corporate Transparency Act, every LLC (or business) has to send a BOI reporting to the Financial Crimes Enforcement Network (FinCEN). Once you establish an LLC and if it is enlisted under the list of reporting companies, you must file your BOI report in New Jersey with the FinCEN.
After Forming New Jersey Foreign LLC
Here are added things you need to accomplish after forming your New Jersey Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search. You can contact the license office at New Jersey Division of Revenue and Enterprise Services.
- File LLC annual reports and Business Privilege Tax. You must file an Annual Report before the stipulated time frame after forming your LLC in New Jersey. Here’s everything about New Jersey LLC Annual Reports.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
FAQs
Also Read
- Alabama Foreign LLC
- Alaska Foreign LLC
- Arizona Foreign LLC
- Arkansas Foreign LLC
- California Foreign LLC
- Colorado Foreign LLC
- Connecticut Foreign LLC
- Delaware Foreign LLC
- DC Foreign LLC
- Florida Foreign LLC
- Georgia Foreign LLC
- Hawaii Foreign LLC
- Idaho Foreign LLC
- Illinois Foreign LLC
- Indiana Foreign LLC
- Iowa Foreign LLC
- Kansas Foreign LLC
- Kentucky Foreign LLC
- Louisiana Foreign LLC
- Maine Foreign LLC
- Maryland Foreign LLC
- Massachusetts Foreign LLC
- Michigan Foreign LLC
- Minnesota Foreign LLC
- Mississippi Foreign LLC
- Missouri Foreign LLC
- Montana Foreign LLC
- Nebraska Foreign LLC
- Nevada Foreign LLC
- New Hampshire Foreign LLC
- New Jersey Foreign LLC
- New Mexico Foreign LLC
- New York Foreign LLC
- North Carolina Foreign LLC
- North Dakota Foreign LLC
- Ohio Foreign LLC
- Oklahoma Foreign LLC
- Oregon Foreign LLC
- Pennsylvania Foreign LLC
- Rhode Island Foreign LLC
- South Carolina Foreign LLC
- South Dakota Foreign LLC
- Tennessee Foreign LLC
- Texas Foreign LLC
- Utah Foreign LLC
- Vermont Foreign LLC
- Virginia Foreign LLC
- Washington Foreign LLC
- West Virginia Foreign LLC
- Wisconsin Foreign LLC
- Wyoming Foreign LLC
In Conclusion
Having a foreign LLC in New Jersey is nothing but expanding your business legally beyond the boundary of your domestic or home state. Starting a foreign LLC in New Jersey does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. From getting the Standing Certificate to hiring a registered agent in New Jersey, a professional or attorney can always be a perfect help. ZenBusiness is one of the most accurate and user-friendly services that offer a bunch of LLC formation services. They offer LLC formation for $0 (excluding the state formation fee).
The cost of registering a foreign LLC in New Jersey can vary depending on a range of factors. While the initial registration fees and ongoing expenses can be a significant investment, many companies find that the benefits of establishing a presence in the state outweigh the costs. By carefully considering the expenses involved and budgeting accordingly, companies can ensure that their foreign LLC in New Jersey is a success.