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Businesses in nearly every U.S. state must file an annual report, and New Jersey is no exception.
Learn what your NJ annual report will contain, how to file it, and the consequences if you don't file — once you've learned, you can keep your New Jersey business compliant and running smoothly.
What Is an LLC Annual Report in New Jersey?
A Limited Liability Company (LLC) annual report is a required document that LLCs must register in the state of New Jersey on an annual basis.
This report provides updated information about the LLC's business activities, ownership structure, and other relevant details to the New Jersey Division of Revenue and Enterprise Services.
So, why is an NJ annual report filing required to begin with? In short, it serves as a way for the state to maintain accurate and up-to-date records of an LLC's existence and activities.
Because New Jersey's annual report is mandatory, LLCs must complete and submit it by the specified deadline to remain in compliance with state regulations. Failing to file the annual report or filing it late may result in penalties or even the administrative dissolution of the LLC.
NJ LLC Annual Report Requirements
In your annual report, you'll need to provide several key pieces of information about your business. These include:
- State-issued 10-digit Entity ID
- Business entity type
- Date of formation
- Registered Agent contact information
- Business address
- Names and addresses of all the LLC's members and managers
- Proof of workers' compensation insurance coverage, if applicable
- Your name, relationship to the company, and contact information
New Jersey Annual Report Dates and Fees
An NJ annual report filing is due on the last day of the anniversary month of the LLC's formation. So, if your LLC was formed on any day of a particular month, your annual report would be due on the last day of that same month every year moving forward.
When you file your business's annual report, you'll need to pay a fee of $75. In the annual report itself, you'll simply provide your LLC's name and address, as well as your Registered Agent's contact information.
How to File an Annual Report for Your NJ LLC
Ready to file your business's annual report? You can do so in five steps.
1. Gather Information
Collect all your business's current information in one place so you can fill out your annual report more efficiently. You'll need details like your business's name and current address, the names of all owners, and the name and address of your Registered Agent.
2. Access New Jersey's Online Portal
The New Jersey Division of Revenue and Enterprise Services offers an online portal through which you can file your annual report. Navigate to it, then log in or create an account.
3. Locate and Fill Out the Annual Report Form
Once you're signed in to the online portal, find the annual report form from the provided list of available documents. Fill it out completely using the information you gathered earlier.
To find out exactly what you'll need to include in your form, see the details we've outlined about New Jersey's annual report requirements above.
4. Review, Submit, and Pay
Double-check all the information you've entered to ensure it's accurate. Sign it to make it legally binding, submit it, and pay the required filing fee as prompted by the online portal.
5. Save Your Receipt
When you receive your confirmation email and receipt from the state, be sure to save both for your records. You'll be glad you did once tax season rolls around (yes, your annual report filing fee counts as a business expense, and yes, you can deduct it from your taxes).
FAQs About LLC Annual Reporting in New Jersey
Get the answers to common questions about filing an NJ annual report.
What Happens If I Don’t File an Annual Report in NJ?
If you fail to complete your NJ annual report filing, the state won't penalize you with a fee. But if you neglect to submit your annual report two years in a row, New Jersey will administratively dissolve your business.
And since reinstating your business involves filling out more forms, paying more fees, and waiting for your request to be processed, we advise doing everything you can to get your annual report submitted on time.
How Much Is the Annual Report Fee for a Nonprofit in NJ?
While corporations and LLCs must pay an annual report filing fee of $75, nonprofit organizations are required to pay a significantly lower fee of just $30.
How Do I Get a Copy of My NJ Annual Report?
The simplest way to get a copy of your annual report is to make one yourself (such as by taking a screenshot) before submitting your report to the New Jersey Division of Revenue and Enterprise Services.
However, you can always request one if you forgot to make a copy yourself and can't get one through the online portal. As the state explains, "information from a business entity's annual report is part of the public record and can be provided for a fee of $0.10 per page."
For more information, see New Jersey's guide to annual report copies.
Stay Compliant by Filing Your NJ Annual Report
If you always file your New Jersey annual report on time, you'll never have to wonder whether or not the state has the correct contact information for your business. Better yet, you'll never have to worry about your LLC being involuntarily dissolved.
Want to submit your annual report in one step instead of five? Our Annual Report service can help. We'll cut through the red tape so you can focus on running your business.
Carrie Buchholz-Powers is a Colorado-based writer who’s been creating content since 2013. From digital marketing to ecommerce to land conservation, she has experience in a wide range of fields and loves learning about them all. Carrie is fond of history, animals and beauty in equal measure. In her free time, she enjoys knitting, playing video games and exploring Colorado's prairies and mountains with her husband.
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