Why Choose New Jersey, USA
When starting a business?
When starting a business?
Home to some of the largest companies in the USA, like Johnson & Johnson and Honeywell International, New Jersey has a thriving business community.
The state attracts investors in key industries such as pharmaceuticals, agriculture and tourism. It is the second highest earning US state by median household income.
Benefits of incorporating in New Jersey:
Protection of personal assets
People looking to incorporate in New Jersey should feel confident knowing that their personal assets are well protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.
Ability to open bank account
Forming a company is the first step for a non-US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and eBay considered you more qualified as a vendor.
Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.
Your corporate name can boost your brand
New Jersey requires that C corps and LLCs not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you choose a unique C Corp or LLC name. A distinctive corporate name enhances your company’s reputation and also helps protect the identity of your brand.
Tax flexibility and benefits
In New Jersey business owners are free to operate their business entity as a C Corp or an LLC. The type of business entity you choose determines the nature of the taxes your company will be subject to. C corps are assessed taxes based on their net corporate income and their company net worth. LLCs are taxed based on their members’ personal income.
There is no legal specification which implies that business owners choosing to form a company in this American state must own a New Jersey physical address. Your will need a registered agent with a legal, physical New Jersey address. However, before your firm is legally eligible to operate, make sure you possess all the required business licenses, permits, and tax registrations. If you need help, Inc. Plan can become in compliance with all requirements.
Other incorporating requirements
New Jersey C corps and LLCs must have at least one member. New Jersey requires directors be listed on corporate documents filed with the state. An EIN is required for companies that plan to hire employees.