People all over the world form Delaware LLCs in order to reap the benefits of Delaware's strong corporate law structure. Delaware is the most popular state in which to form a company, and the reasons why people incorporate their businesses in Delaware are numerous.
This is a fairly well-known fact, but did you know you can operate your Delaware LLC in other states?
If you would like to register a business in another state, such as New Jersey, the first step is to register as a foreign entity in that state. This process is called Foreign Qualification. Your business is considered domestic to Delaware and foreign to every other state.
Foreign qualification is the way in which the state of New Jersey grants you the authority to operate there with a Delaware company. Delaware companies that operate in another state without foreign qualifying are often not in compliance with that state's regulations.
Each state's Foreign Qualification requirements are a little different; New Jersey has an application process and a state fee, and the state also requires a Certificate of Good Standing from the state of Delaware. The Certificate of Good Standing cannot be more than 30 days old.
New Jersey also requires that you have a Registered Agent in the state. Harvard Business Services, Inc. would be happy to act as your Registered Agent in the state of New Jersey for $99 per year if you are interested in registering a business in New Jersey.
Normal processing time for Foreign Qualification in New Jersey is about two to three weeks. If we register your Delaware LLC in New Jersey, we will prepare the documents for you, obtain your Certificate of Good Standing, pay the state fee and expedite the order so you receive the approved documents in just a few days.
Once your business is registered with the State of New Jersey, you will be required to file an annual report on behalf of your company. The New Jersey annual report is due every year on the anniversary of the date on which you initially filed your company there. (The Division of Revenue often sends a reminder to your Registered Agent about three months before the due date; the cost of the annual report is $50.)
Keep in mind that in order for your Delaware company to remain in good standing, you must also pay the Delaware Franchise Tax and maintain a Registered Agent in Delaware.
For more information on the Foreign Qualification process or to get started, please visit our Foreign Qualification page. We can also help you register your Delaware LLC as a foreign entity in New Jersey via telephone at 1-800-345-2677, Ext. 6130 or by email email@example.com.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.
There is 1 comment left for How To Register a Delaware LLC in New JerseyGopal said: Thursday, December 15, 2016
Hello, I wanted help with registrating Delaware registered LLc in New Jersey and have some questions like how much time it will take and cost? Please let me know. Thanks GopalHBS Staff replied: Tuesday, December 20, 2016
We can help you form a Delaware LLC to operate in NJ. Please call us at 1-800-345-2677 or Live Chat with us via our homepage at www.delawareinc.com so we can assist you as swiftly and smoothly as possible.