First Down Funding fights Covid-19 for your Small Business. Read more

Apply Now! Contact Us

TOLL FREE: (833) FDFUNDING

Starting a Business in New Jersey

A complete step-by-step guide to start your business and get on the fast track to financial success.

    Small Business Funding
    The Best for your Small Business

    Get Pre Approved in Minutes!







    Doing Business In New Jersey

    New Jersey Business Facts

    The largest industries driving New Jersey’s economy are pharmaceuticals and life sciences, financial services, advanced manufacturing, information technology, and transportation and logistics. Nineteen Fortune 500 companies are based in New Jersey, four of which are Fortune 100 companies

    Small business: 

    New Jersey has 766,323 small businesses, according to the most current federal data available. Of those 766,323 small businesses in New Jersey, 252,831 have employees. The remaining 513,492 are New Jersey small businesses that have no employees.

    Major companies:

    New Jersey is home to large companies such as: Cognizant, Honeywell, Johnson & Johnson, Conduent, Merck, Bed Bath & Beyond, Toys ‘R’ Us, ADP, Newell Brands, BD

    Looking For Small Business Funding?

    Apply Online and find out your financing options

    Apply for business funding

    STEPS TO STARTING A BUSINESS IN NEW JERSEY

    Business Structure

    Read More

    Business Name

    Read More

    Business Registration

    Read More

    EIN Tax Number

    Read More

    Bank Account

    Read More

    Licenses & Permits

    Read More

    Branding & Marketing

    Read More

    Resources

    Read More

    FIND FUNDING

    Step 1: Choose A Business Structure

    The most common business structures are sole proprietorship, partnership, limited liability company (LLC), and a few different types of corporations—the standard corporation (often called a C corporation or “C corp”), the small business corporation (often called an S corporation or “S corp”), and the benefit corporation (often called a B corporation or “B corp”).

    The most common business structures are:

    Step 2: Choose The Right Business Name

    Choosing a business name is important, you want to make it easier for your customers to remember it, here are some tips:

    1. Avoid hard-to-spell names.
    2. Don’t pick a name that could be limiting as your business grows.
    3. Conduct a thorough Internet search.
    4. Search and purchase a domain name.
    5. Use a name that conveys some meaning.
    6. Conduct a trademark search.

    Step 3: Register Your Business

    Depending on the business structure you chose you will need to register your business.

    Resale license  

    https://www.nj.gov/njbusiness/licenses/

    Department of corporations 

    https://www.njportal.com/dor/businessnamesearch/

    Step 4: Obtain an EIN Tax Number

    With limited exceptions, most businesses require an Employer Identification Number (EIN), also known as a Tax ID Number. An EIN is used to identify a business in its federal tax filings. Without an EIN, you can’t hire employees or open a business bank account.

    Click Here to Apply for EIN number online

    Step 5: Open A Bank Account

    – Open a business bank account:

    • Separates your personal assets from your company’s assets, which is necessary for personal asset protection.
    • Makes accounting and tax filing easier.

    – Get a business credit card:

    • Helps you separate personal and business expenses.
    • Builds your company’s credit history, which can be useful to raise capital later on.

    Step 6: Licenses & Permits

    Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).

    Here are some links for New Jersey Businesses:

    Selling products? Check New Jersey Resale Permit

    Business Licensing for the State of New Jersey

    Step 7: Branding & Marketing

    Your brand is the image customers have of your business, so it’s important to determine who is your audience and what is the message that you want to project. That way, your company’s image will be what you intend it to be. It should be strategic and intentional.

    Step 8: Establish a Web Presence

    Creating an optimized website helps you to gain important visibility for the right terms. A website is a powerful sales tool and one that allows you to address your customers’ concerns, give them the information they need to make a decision and create compelling calls to action.

    In addition to a website, you should also consider other avenues for promoting your business online:

    Join Local Networks

    New Jersey Business Incubator Network

    First Down Funding is Funding America – Small Business Funding – Inventory Funding – Flexible Business Financing – Working Capital Funding – Short Term Funding – Long Term Funding – Contact First Down Funding For Funding Options (866) 644-1353

    error: Alert: Content is protected !!