What Documents Do I Need to Form a Business in New Jersey?
Starting a business can be stressful, but it can also be incredibly fulfilling. There is more that goes into forming a business than you may realize. Read on to learn more about forming a business in New Jersey.
What are Different Types of Business Entities?
The first step is determining what type of business you would like to form. There are several types of business entities you can choose from. Each business entity has its own degree of liability and tax implications, so it is important to do your research and speak with an experienced business formation attorney. As a general overview, the different types of business entities are as follows:
- Limited Liability Company
- General Partnership
- Joint Venture
- Sole Proprietorship
- Limited Partnership
What Paperwork Do I Need in Order to Start my Business?
Unfortunately, there is a lot of paperwork when it comes to forming your business. Completing the proper paperwork is a crucial step to ensure your business is ready to take off and begin. During this time, some documents that are required of a business can include but are not limited to the following:
- Non-disclosure agreements
- Employee agreements
- Memorandums of understanding
- Online privacy policies
These documents can be complicated. As such, it is best to work with a seasoned attorney who can make sure you are on the right track.
What Types of Insurance do I Need?
Depending on your personal situation, you may need to obtain certain insurance policies. This may be business, employee-related, and/or government-mandated. These can vary based on the business’s location, structure, and the number of employees. In addition to this, businesses that have employees are required to have unemployment insurance and workers’ compensation insurance, among other things. Other insurances may be beneficial, such as disability and health insurance.
If you are interested in forming a business, you will need a dedicated attorney on your side. Working with the right attorney can help make your dreams a reality. Contact our firm to begin the process today.
Contact our Firm
The Law Offices of Richard E. Novak, LLC has over 25 years of experience helping clients through tough times when they need it most. If you need assistance with any intellectual property, traffic violations, or business law matters, our firm is here to help. It is critical that you pick the right attorney who can protect your rights. Contact The Law Offices of Richard E. Novak, LLC for a consultation.