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Old 04-16-2010, 05:58 PM
 
2,394 posts, read 3,011,020 times
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I havent registered my company name yet. Will setting up an LLC (which I believe is $125) set that up? or is registering my name separate?

Is registering my company name the same as a dba?

Basically, I want to know all the costs, time and process for starting up an business in NJ.
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Old 04-17-2010, 07:44 AM
 
Location: Northern NJ
366 posts, read 924,629 times
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I think you'll find this site most helpful.

New Jersey Gateway Registry Services

Rhys
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Old 04-17-2010, 08:31 AM
 
1,164 posts, read 2,389,471 times
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WAIT! You might be better of setting your company up in Delaware. Your business can be based anywhere but incorporated in Delaware. Most companies (especially the ones that can afford good legal advice) incorporate in Delaware. The reason for this is that Delaware's laws are very favorable towards businesses and will be the governing laws for your business.

I'm not an expert so your going to have to do more research yourself but do not register here in NJ without at least looking into Delaware and if it will work for you.
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Old 04-18-2010, 04:01 PM
 
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You should speak with an attorney. Business organization, entity selection, and related issues are important. What type of business, tax issues, insurance, creditor/asset protection, and more -- all should be discussed with an attorney.
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Old 04-18-2010, 04:29 PM
 
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Looks like s-corp is good fit for you as opposed to llc. usually computer programmers, accountants and many independent contractors chose that setup as the tax passed thru. they don't have to pay 35% tax on net profits as llc and ccorps do.

d/b/a is a separate process and an accountant charges minim $150 . you can do it yourself too at the new jersey governmentment web site.

in my opinion the cost to open a company is between $350-$550 .
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Old 04-18-2010, 05:22 PM
 
692 posts, read 1,703,355 times
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An LLC can be treated the same as an S-corp for tax purposes, if you so desire. Income tax reasons are usually not the deciding factor as the LLC can be somewhat of a chameleon for income tax purposes, and you have options as to the tax treatment.
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