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Old 04-21-2009, 05:18 PM
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Minimum Tax in New Jersey

Hi. I started an LLC (sole proprietorship) a month ago, and now want to dissolve it. Will I be charged a minimum tax of $500 come tax time?

Thank you,
Paul.



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Old 04-21-2009, 07:01 PM
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For the dissolution of a New Jersey LLC, the only fee you would have to pay is $100 for an NJ Limited Liability Company and $125 if it is a Foreign Limited Liability Company.

A Form L-109 needs to be completed in order to dissolve the LLC. Also, New Jersey State requires "that all annual report obligations should be satisfied prior to submitting the dissolution paperwork."

Furthermore, checks should be made payable to "TREASURER, STATE OF NEW JERSEY" and mailed to:

NJ Division of Revenue,
PO Box 308,
Trenton, NJ 08646


For instructions to the Form L-109 and a copy of the actual form, please click on the following link below.

http://www.state.nj.us/treasury/reve...ms/l109_42.pdf

http://www.state.nj.us/treasury/reve...ms/l109_42.pdf

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