How Long to Become Incorporated?

Incorporation of your New Jersey company can be finished in just a few days.

Upon submission of your online incorporation form to us we have a turnaround time of not more than 1 business day to file your application with the state of New Jersey – unless we’re waiting on additional information we requested from you.

The state of New Jersey, once they receive your application through our secure online account goes through the following:

The state reviews your chosen business name to see whether it conflicts with any existing corporation, and checks your application in detail for mistakes in grammar, spelling, etc. They will send you a change request if there is something that needs to be changed. If you believe that we (StartNewJerseyBusiness.com) are in error please give us a call at our Toll Free number and let us know.

After the payment we file for you clears you will receive an online confirmation of your filing. A stamped original filing certificate will be mailed to the registered office address of the new entity within three business days following the successful completion of the online transaction.

At any time you can request from us help for obtaining your EIN and/or Subchapter S designation from the IRS, though you should already have received it in your confirmation email from us – just check!

The incorporation process goes very quickly because we have a very fast turnaround time – and it’s always free.

If it’s very important that you file your corporation on a specific day

Choosing the Best Corporation Type

This page will help you select the right corporate structure for your business (the right type of incorporation).

By choosing the right type of corporation to create for your business you’ll be ensuring you can have the optimal chances of business success. Please read over all the choices here and when you think you’ve narrowed it down to one or two – research those two options and make sure you pick the right one. It’s not a catastrophe if you pick the wrong one as you can always change it, but with some effort and attention to detail you’ll be able to choose the right format for your business.
Sole Proprietorships

• Not a corporation, but it is a form of business ownership.
• Owner is personally liable for lawsuits filed against the business. Owner assets can be taken in a court case against the business, yes that includes savings, cars, property, anything basically.
• No state / national filing required to form a sole proprietorship
• Very easy to form and operate.
• Taxes are done on individual tax form – including business profits and losses.

Partnerships

• Not a form of corporation. No separate legal entity is formed to protect owners from loss of personal assets in lawsuits against the business.
• Partners are personally liable for lawsuits filed against the business.
• There usually isn’t a state filing required to forma  partnership.
• Easy to create and operate.
• According to share of the company owned, the owners report their share of profits and losses in the company on their individual tax returns.

C Corporations

• Separate entities from owners according to IRS and courts.
• The corporation can have assets separate from your personal assets.
• Business debts are separate from personal debts.
• Unlimited number of shareholders allowed.
• Taxed twice… the corporation is taxed on corporate profits and the shareholders are taxed on dividends they receive.
• Minutes (a written record) of annual meetings must be done.

S Corporations – very common.

• Separate corporate entity from owners for legal and tax purposes.
• Provides some protection of your personal assets in lawsuits against business.
• Owners report their share of profits and losses on their individual tax returns.
• Limits on shareholders  in number, and all must be U. S. citizens or residents.
• Annual meetings and minutes requirement.

Limited Liability Companies (LLCs) – very common.

• Separate corporate entity from owners for legal and tax purposes.
• Provides some protection of your personal assets in lawsuits against business.
• Taxed similarly to a sole proprietorship or a partnership (if more than one owners).
• Unlimited number of owners allowed.
• No requirement for annual meetings.
• Governed by operating agreements created within the company.

As noted, the LLC and S Corporations are very popular types of incorporation. Maybe 80% of all incorporations we do online here at StartNewJerseyBusiness.com and our other sites are of one of these two types.

If you are still unsure which corporate type is the best for your business here is a chart that shows the main features of each type of corporation in a side by side chart.

Choosing Corporation Type Chart >

Steps to Incorporating your New Jersey Business Online

Incorporating your business seems like a complicated task to everyone the first time they look at the process. It needn’t be. Fact is, you could be be incorporating yourself in the next few minutes here and have your confirmation from New Jersey state within a couple days.

What is the Process of Incorporating?

1. Decide what type of business you want to start, if you haven’t already.

2. Choose a type of corporate entity for your business.

If you want the business to be a non-profit there is a non-profit form here online that you can fill out. If you want a for profit corporation you can choose between these corporation types:

A.) Profit
B.) Subchapter S
C.) LLC (Limited Liability Company)

The Subchapter S corporation or “S-Corp” is just a type of profit corporation with special benefits. You can incorporate as a profit corporation first and later apply to the IRS who can award your business with the Subchapter S designation.

LLC’s are becoming very popular lately, and they are the most recent type of business entity to appear on the scene. Most of our customers are either LLC or Subchapter S incorporators.

3. Fill out one of our online incorporation forms, send it, and fill out the payment information and send it.

When we receive your application we’ll look it over for completeness, grammar, viability and obvious spelling mistakes. We’ll check to see if your corporate name is available in New Jersey. Once your business application passes our examination we’ll send it on to the state of New Jersey with our secure account. If not, we’ll notify you that some changes are needed.

At this time we send you a confirmation that your payment has been processed and give you the information for obtaining your EIN and Subchapter S from the IRS – if you need it.

4. Once the state of New Jersey receives your electronic application filed through our secure account they will review it for accuracy and notify you of any problems with your application or they will approve it in a couple days and send you confirmation by email.

5. Once you have confirmation your business was registered with the state of New Jersey you can use the information we provided you for obtaining your EIN (Employer Tax Identification Number) and/or Subchapter S designation from the IRS. Both of these are very simple to apply for and your EIN can even be given over the phone while speaking with an IRS representative.

Not that difficult, agreed?

The most difficulty is in choosing what type of corporation you want to incorporate as. There is a lot of information about this subject online and simple Google searches can turn up good information.

If you have any questions about the process feel free to give us a call at our toll free number: 888-905-7380.