Keeping Your NJ Business Compliant: A Guide to Annual Reports
Running a business in New Jersey requires staying on top of various regulations, including filing your annual report. This report ensures the state has your most up-to-date business information. Here at NJ Paycheck Calculator, we understand payroll and compliance can be complex, so we've created this guide to simplify the NJ Annual Report process.
What is an NJ Annual Report?
An NJ Annual Report is a yearly filing with the New Jersey Division of Revenue and Enterprise Services (DORES) that confirms your business is still operational and provides updated information.
Why File an Annual Report?
There are several reasons to file your annual report on time:
- Compliance: It's a legal requirement for all NJ businesses. Failing to file can result in penalties and even business revocation.
- Accuracy: It keeps your business information with the state current, ensuring important documents and communications reach you.
- Good Standing: A filed report demonstrates your commitment to maintaining a compliant business.
When to File Your Annual Report
Your NJ Annual Report is due on the last day of the month in which you formed your business (LLC, Corporation, etc.). For example, if you formed your business on February 15th, your annual report would be due on February 28th of each year.
What Information Do I Need to File?
The NJ Annual Report requires basic information about your business, including:
- Business name and legal structure (LLC, Corp., etc.)
- Business ID number
- Registered agent information (name and address)
- Business address
How to File Your NJ Annual Report
The good news is that filing your NJ Annual Report is a simple process. You can file it electronically through the NJ Business Portal: NJ Business Portal .
There is a $75 filing fee associated with the report.
Additional Resources
For more information on NJ Annual Reports, you can visit the NJ DORES website: NJ DORES Annual Report Information .