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Showing posts from December, 2017

You just formed a company, now what?

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You filed a certificate of formation if you’re a New Jersey Limited Liability Company, or a certificate of incorporation if you’re a Corporation. The most popular question people ask me is “Now what do I do?”.
The next step in the process is to obtain your Federal Tax ID number from the Internal Revenue Service, by filling out an Internal Revenue Service form entitled “SS-4”. This form can be found on the Internal Revenue Service website, as well as instructions on how to complete it at https://www.irs.gov/pub/irs-pdf/fss4.pdf.
After you have obtained your Federal Tax id number, the next step in New Jersey, is to register your business with the Department of Treasury. This is all done online at https://www.njportal.com/DOR/BusinessRegistration/. After completing this process, you will be assigned a New Jersey tax ID number that mirrors your Federal Tax ID number with /000 added to the end of it.
Upon completing your New Jersey registration, assuming you’re going to have employees i…