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Old 02-20-2007, 10:53 AM
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How are LLC's taxed in New Jersey State?

Limited Liability companies are not subject to New Jersey State Income taxes. However, all LLC's are subject to annual filing fees at time of submission of the annual partnership tax return, except in the case of LLC's with fewer than 3 partners, who pay no annual filing fee.

The annual filing fees is equal to $150 x No. of Partners (only in case of more than 2 partners)

Therefore, for 3 partners LLC's the minimum filing fee is $450.00, whereas for 4 partners the annual filing fee would be $150 x 4 = $600.

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Last edited by TaxGuru : 03-07-2007 at 10:41 AM.


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Old 03-26-2007, 06:53 PM
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Additional Tax for NJ LLC's

New Jersey also forces NJ LLC's to pay the tax for non resident shareholders of the LLC. This withholding tax is then taken as a credit on the non resident members NJ non resident tax return.

The tax paid by the LLC on behalf of the non resident member should be treated as a distribution. on the books of the LLC



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