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New Jersey Secretary of State: Start a Business in NJ

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Tahesha Way was nominated by Governor Phil Murphy on December 18, 2017, to serve as New Jersey’s secretary of state. The way was sworn into office on February 26, 2018. On September 14, 2019 she was elected president of the National Association of Secretaries of State (NASS).

The New Jersey Secretary of State offers services for residents of New Jersey.

Tahesha Way is the state’s first female secretary of state. She is currently serving her third term and was appointed by Governor Phil Murphy.

Way was born and raised in Newark, N.J., where she graduated from Essex County College High School. After graduating, she attended Rutgers University–Newark, earning a bachelor’s degree in political science and public administration. In addition to being New Jersey’s first female Secretary of State, Way serves as the National Association of Secretaries of State president.

How can new jersey secretary of state help my business

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The Secretary of State oversees the administration of elections, public records, and vital statistics. He/she also oversees the Division of Elections, Bureau of Vital Statistics, Public Records Section, and the Division of Historical Records.

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In addition to these duties, the office oversees the following divisions:

Division of Arts & Culture

Division of Archives & History

Division of Cultural Heritage Preservation

Division of Local Government Services

Division of Motor Vehicles

 

Create your LLC Corporation with just 3 easy steps

 

What are the requirements for starting a business in New Jersey?

1. Business License

A business license is necessary if you plan on selling products or services in New Jersey. You may need to obtain a seller’s permit if you intend to sell goods at retail. A seller’s permit is only required if you plan on selling items over $25,000. If you plan on selling less than $25,000 worth of merchandise, then you do not have to apply for a seller’s license.

2. Tax ID Number

If you want to operate a business out of state, you will require a tax identification number (TIN). TINs are issued by the IRS and are valid for three years. To get a TIN, you will need to file Form SS-4, Application for Employer Identification Number. The application should be filed with the Social Security Administration.

3. Insurance Requirements

You will need insurance coverage for any type of business operation. There are many different types of businesses that require insurance. In order to open a business in New Jersey you will need general liability insurance, workers compensation insurance, auto insurance, property insurance, and commercial umbrella insurance.

4. Health Department Registration

In addition to obtaining a business license, you will also need to register with the local health department. The health department will provide you with information about how to comply with sanitation regulations.

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5. Bank Account

To receive payments for your product or service, you will need to set up a bank account. Banks often charge fees for opening accounts, so make sure to check with your bank before setting up an account.

6. Employee Benefits

Employee benefits are a great way to attract employees. Many companies offer employee benefits packages that help their employees stay healthier and happier. These packages range from medical plans to dental care and vision care. Make sure to ask your potential employer about these benefits.

7. Sales Tax

Sales taxes vary depending on where you live. Most states impose sales taxes on purchases. However, some states exempt certain items from sales taxes. Check with your local government to find out whether you are subject to sales tax.

 

 

Frequently Asked Questions

How do I get an entity ID in NJ?

To get an EIN in New Jersey, You should have a business that is not just a hobby. If you are planning to open up a small business, it’s essential for you to understand the requirements and regulations of doing so.

How do I check the status of my LLC?

To check the status of your LLC in New Jersey, you must contact the Division of Corporations. They will tell you whether there has been any activity regarding your company.

How much does it cost to form an LLC in New Jersey

The costs associated with forming an LLC in New Jersey depend on the complexity of the business. It could cost anywhere between $500 and $10,000.

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