Add Date To Legal New Jersey Startup For Sole Proprietorship Forms For Free

While the sole proprietor is such a simple business classification that New Jersey doesn't even require a business registration process or any type of fees, depending on how you use your sole proprietorship and what industry you operate in, you still might have some important steps that need to be taken.

NJ927 - Employer's Quarterly Report. New Jersey Division of Revenue and Enterprise Services. On-Line Filing Service. STEP 2 - FILL IN THE EMPLOYER'S QUARTERLY REPORT. You have been presented with your current, prior, or amended online filing form (NJ927 or NJ927W).

Registration is required to do business in New Jersey. Please note that all corporations, LLC's and limited partnerships must register using their New Jersey Business Entity ID and EIN. If you are registering a partnership or proprietorship, you must provide either your SSN or EIN.

Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File a trade name with your county clerk. Apply for licenses, permits, and zoning clearance. Obtain an employer identification number (EIN).

Starting a sole proprietorship is free for the most part. Of course, you'll have to pay to register your business name, get your business domain, and get the necessary licenses or permits, but you won't pay the $1,000 average cost of starting an LLC.

There is no fee to register a sole proprietorship. Your liability with this business organization type is unlimited. You also need to register for sales and service tax. It's the easiest type of business to set up because you don't need to file with the state like you do with an LLC or corporation.