Every state in the US requires businesses doing business with their citizens to have a registered agent, including corporations, LLCs, nonprofits, partnerships, sole proprietorships, and limited liability partnerships.
It doesn’t matter what your legal structure is or where you are located. If you are required to file any paperwork with the state of New Jersey (such as an annual report), you need somebody with a physical address in NJ who will make sure that you remain compliant.
Why You Need a Registered Agent in New Jersey?
If the authorities of New Jersey want you, and they can’t find anybody to serve your registered agent with a summons, then most likely you will violate state law, and they can do whatever they please. For example:
- File a lawsuit against your company without proper notice or warning;
- Take any property that you have within their state;
- Freeze all assets held by the company, such as bank accounts, etc.
Business entities doing business in NJ are required to maintain a current registered agent. Every filing requires this information, so businesses need to be sure they select an agent available for service of process at all times (and in addition, this person must sign documents personally).
This agent will receive essential communications from the state of New Jersey on behalf of your company. If you are required to disclose this information, it is an absolute must that you maintain a current registered agent in good standing.
New Jersey Registered Agent Requirements:
- A New Jersey Resident (or employee);
- Available for service of process 24/7;
- Can legally sign documents on behalf of your business; and
- Filing fees range from $183 – $365 per year, depending on the entity type.
What does a Registered Agent do?
A registered agent is a person or business entity who agrees to accept official documents on behalf of the business and other correspondences from state and federal agencies. These can include summons, tax forms, annual reports, and much more.
As a smaller company, you may be tempted to save money by using a friend or family member as your agent, but first, make sure they meet all the requirements first.
Who Can Be a New Jersey RA?
A person or business that meets all requirements of NJ state law can be an agent. These requirements include:
- having a physical street address in New Jersey
- being available to accept official documents on behalf of your business 24 hours a day
- being able to sign documents on behalf of the business.
Please note that this type of representation does not allow for virtual office services, which are commonplace these days, so you’ll need to have someone with a physical address in the state of New Jersey.
You can also use a full-service relocation firm that will handle your company formation, NJ registered agent, work visas, and all other services related to international business companies with a minimum of fuss.
Just make sure they understand your requirements (such as availability of official documents), or you stand to be in for some severe headaches down the line. If you do choose this option, don’t choose one that says they’ll set up a registered office for you; otherwise, you’ll end up paying more than is necessary.
Choosing a Registered Agent in New Jersey
- When choosing an agent for your business, you want to check the credentials of any potential candidates, such as where they’re located and what services they offer. For example, some firms charge $100 per year if they receive official documents on your behalf, but that does not mean that this is a good deal.
- Prices vary depending on location and availability, so if you can’t get in direct contact with your agent, then whatever happens to you will be their responsibility.
- You also do not need to use an attorney since most attorneys are too expensive, and there’s no need when using a registered agent who charges about the same amount of money each year.
- Also, note that prices may differ from state to state. For example, some virtual office services include a New Jersey registered agent, but that does not mean that every state will charge the same rate.
- Also, make sure your agent is available to accept official documents at all times (which often includes weekends) since you’ll be charged if they miss anything; this isn’t usually an issue unless there’s an emergency or blackout of some sort.
Nowadays, finding the right registered agent for any given business is easier than ever, thanks to online comparisons. You can simply enter your zip code and see what firms offer prices in your area before making a final decision.
Types of Services Offered
The New York registered agent services include everything you need to set up your business in the state of New Jersey. These services are available for all types of companies, corporations, and LLCs. This includes assistance with the following:
- Limited Liability Company (LLC) formation
- Organization filing
- Annual Report Maintenance (New Jersey)
- Unlimited Registered Agent Service (New Jersey residents only)
- Acceptance of official documents & notifications
Pros and cons of using a New Jersey registered agent
- No need to maintain a physical presence in New Jersey
- The agent will handle annual reports and notifications on your behalf
- Able to accept official documents 24/7
- The agent can accept legal papers in case you are ever sued
- You can sometimes get better prices by using a New Jersey registered agent compared with virtual office services. For example, some companies do not allow virtual office clients to use their rates for corporations, but registered agents are often more flexible for this type of business requirement.
- The annual fee varies depending on the location and services offered
- The agent will only be available during normal business hours (9 am – 5 pm) Monday through Friday
- If there isn’t anyone in the office when official documents arrive, they may miss them, which means you’re liable if anything goes wrong with the company formation process. Even so, most reputable firms have emergency plans in place that customers can take advantage of if needed.
Either way, you’ll need to find an agent for your business. Since this is often the trickiest part of the process, using any online comparison tools will help ensure quality service at a reasonable price.
How much does a New Jersey registered agent cost?
Since the price of a registered agent usually depends on the location and services provided, it’s best to start your search by entering your zip code into any of the comparison tools, which will bring up contact information for multiple companies in your area.
Both Virtual Office Temporaries and Premio Business Services offer affordable rates for limited liability company formation, but you can get more information by checking their profiles at vOfficeComparisons.com.
There are different types of New Jersey registered agents, which you will need to know when it comes time to make your decision. Two types of agents can help you with the formation process:
- Corporate Agent – This type of agent is usually preferred by corporate clients because they can provide added legal representation if necessary; however, corporate agents charge higher fees than registered private agents for this work. Some companies also do not allow virtual office users to use their standard rates, but the price difference isn’t usually too much (unless you’re doing something like opening an LLC).
- Private Registered Agent – This option is ideal for small business owners since there’s no added cost, even if the agent only helps out on rare occasions. On the other hand, since there won’t be any legal advice available on your behalf, you need to make sure that all of your official paperwork is filed correctly and on time.
(Note: If your company operates in multiple states, then you will require a specific type of registered agent known as a Commercial Registered Agent.)
“In-House” Registered Agent
An “in-house” registered agent is someone who performs the functions of a New Jersey registered agent but also works as an employee for your business. In most cases, this option is only available if you already have a brick-and-mortar office in New Jersey since virtual companies would not be able to hire anyone from outside their corporation or LLC.
Regardless of how you choose to find your new agent, make sure they are bonded and insured before making any final decisions.
Risks of using an unregistered New Jersey registered agent service.
There are several risks associated with using an unregistered service when forming LLCs in New Jersey, even though these services might appear cheap at first glance (i.e., less than $100 per year). There are at least three problems that you may encounter while using a company that isn’t properly licensed to provide professional incorporation services:
- If the agent is not registered with either the Secretary of State or County Clerk, then they will also be operating illegally which means you’ll have no legal recourse if anything goes wrong. This is not only true for forming LLCs but any other type of business entity as well.
- Unregistered agents will not be able to protect your company from certain liabilities so it’s best to use a service authorized by the state government since this gives you added benefits such as allowable tax deductions and filing fee reductions.
- Filing fees for companies formed in New Jersey can vary depending on how many officers are listed on the articles of the organization. Since unregistered agents do not have their own fee scale, there’s a risk that you’ll be paying more than what you would with a commercial registered agent or private service company.
Outside Registered Agent
If you choose to hire an outside registered agent, there’s a risk that they may not be familiar with the process of forming LLCs in New Jersey which means you might encounter some problems when submitting the necessary documentation.
However, this problem can be avoided by making sure that your company hires a reputable and experienced service provider if you want to avoid any unnecessary hassles.
Online Registered Agents
You should never use an online service for anything related to business formation because these do not have any type of physical street address or office where they can meet with clients.
These types of services also do not belong on vOfficeComparisons.com since their advertised prices are usually extremely low compared to commercial registered agents and private companies.
Designating a Registered Agent
The main reason why it’s important that you hire a registered agent to handle your company’s legal matters is that this individual will serve as the primary point of contact if anything goes wrong (i.e., lawsuits, summonses, etc.).
In other words, this person will usually be the first person who gets notified by the government whenever there are any problems with your business so they can take care of these problems on behalf of your LLC.
Although New Jersey state law does encourage all business owners to appoint an agent for service of process, it isn’t mandatory unlike what happens in some states such as Delaware where all companies have to have someone serve as their “registered agent” at all times.
How Do I Change My New Jersey Registered Agent?
If you already have a registered agent and you want to either replace them or name a new one, there are certain requirements that must be met in order for this change to be recognized by the state of New Jersey.
In most cases, all it takes is filing a simple form called “Designation of Agent for Service of Process” with the Office of the Secretary of State as long as your company’s current registered agent agrees to have their status changed. You will also need to provide more information on your replacement such as the registered agent’s name, social security number, business address, and phone number.
After filling out this form along with any other supporting legal documents (i.e., tax ID) required by the state, make sure that you attach the filing fee before submitting this paperwork to the New Jersey Secretary of State.
How Do I Find a Registered Agent in New Jersey?
If you’re trying to find a registered agent for your LLC then you should avoid using any random person who offers these services because this will result in additional fees that are not covered under state law or your company’s articles of organization.
You can also try using vOfficeComparisons.com and searching for local service providers that focus on providing commercial support for companies just like yours since they will be familiar with the steps involved when forming an LLC and any other related business details.
There is no standard fee structure when hiring outside registered agents so it may take some time to find one that’s affordable enough even though you will be able to avoid problems related to lacking commercial presence.
Can I Be My Own Registered Agent In New Jersey?
If you want to act as your own registered agent in New Jersey, there are certain requirements that must be met in order for this change to be recognized by the state of New Jersey. In most cases, you will need to file a Designation of Agent for Service of Process form with the New Jersey Secretary of State.
This form must be filed every time there is a new registered agent or if your LLC’s current registered agent resigns or changes its status in any way.
Keep in mind that just because you are the founder and owner of your business, it doesn’t mean that it’s legal to act as your own registered agent since this position has certain legal responsibilities which anyone performing these duties should understand without having to read about them on their own.
What Happens If You Don’t Have a Registered Agent?
Most states require businesses doing business within their borders to maintain a registered agent or statutory agent (a term used interchangeably). However, there are some states that will allow you to submit your own official documents (such as summonses) directly to the state agency, but these are few and far between.
New Jersey is one of those states. Most states require business entities doing business within their boundaries to maintain an agent who will receive official documents on behalf of the entity. If you fail to do so, they can take any number of actions against your company, including:
- Filing lawsuits without proper notice or warning;
- Taking possession of any property within the state’s jurisdiction;
- Freezing all assets held by your company in their state
- Creditors retrieving debts owed by your company in their state etc.
You are required to have a registered agent in the state of New Jersey, but it is important that you find one who understands the needs of your business.
For example, if you hire someone who doesn’t understand what types of liabilities your company may be exposed to while doing business within their jurisdiction, they might not defend your company properly in court or against creditors who are trying to collect on debts owed by your LLC.
Luckily, there are several commercial support providers listed on vOfficeComparisons that can help you protect your company’s best interests even while helping them save money at the same time.