Frequently Asked Questions

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An LLC (Limited Liability Company) is a business structure that combines the liability protection of a corporation with the flexibility and tax benefits of a partnership or sole proprietorship.

Key points:

• Limited liability: Owners (called members) aren’t personally liable for business debts.
• Pass-through taxation: Profits are typically taxed only on members’ personal tax returns.
• Flexible management: Fewer formalities than corporations.

It’s a popular choice for small to mid-sized businesses.

An LLC protects your personal assets by legally separating you from your business—if the business is sued or in debt, your personal money, home, or car are generally safe.

It offers tax flexibility by allowing profits to “pass through” to your personal income without being taxed at the company level (like a sole proprietorship), but you can also choose to be taxed as an S or C corp if it benefits you.

It legitimizes your business by giving it a formal structure, making it easier to open business bank accounts, get loans, and build credibility with clients and partners.

An EIN (Employer Identification Number) is a unique number issued by the IRS to identify your business for tax purposes—like a Social Security number, but for your company.

A registered agent is a person or company officially designated to receive legal documents, tax notices, and government correspondence on behalf of your business.

It’s needed to ensure your business doesn’t miss important or time-sensitive information and to meet state legal requirements for forming and maintaining an LLC or corporation..

Yes — you must have a registered agent in New Jersey to legally form and maintain your LLC. The agent (an individual or business) must:

• Be at least 18 years old
• Maintain a physical NJ address (no P.O. Box)
• Be available during regular business hours to receive legal and state notices