A professional corporation is a unique business structure formed by licensed professionals who provide personal services for their clients. Under New Jersey law, one or more licensed or legally certified professionals may organize and become a shareholder.

How do I form a professional corporation in NJ?

How to Form a New Jersey Professional Corporation

1. Step One) Choose a Name.
2. Step Two) Select a Registered Agent.
3. Step Three) Complete Your Certificate of Incorporation.
4. Step Four) Establish a Corporate Record.
5. Step Five) Designate a Board of Directors.
6. Step Six) Create Corporate Bylaws.
7. Step Seven) Hold First Board Meeting.

Does NJ allow PLLC?

Note: New Jersey law doesn’t use the term PLLC. For this article, a PLLC simply means an LLC formed by licensed professionals providing professional services.

Can a medical practice be an LLC in New Jersey?

A practitioner may practice in a partnership, professional association, or limited liability company, but such entity shall be composed solely of health care professionals, each of whom is duly licensed or otherwise authorized to render the same or closely allied professional service within this State.

How much does it cost to incorporate in NJ?

The state filing fee for New Jersey incorporation is $125.00. incorporate.com will handle all filing requirements and provide you with the total cost to get your business up and running in New Jersey.

How to become a S corporation in New Jersey?

Corporations may elect to register in New Jersey as a Sub-Chapter S corporation. Since the S corporation status for federal purposes does not automatically flow through for New Jersey state purposes, you must apply for S corporation status in this state and receive approval of the election.

How to find a New Jersey business entity?

Lookup a Business Entity. 1 Step 1 – Start. Search a business entity (Corporation, LLC, Limited Partnership) in New Jersey by using the Secretary of State’s Website. You will 2 Step 2 – Choose Your Entity. 3 Step 3 – Add Document to Cart. 4 Step 4 – Pay and Download. 5 Step 5 – Steps to form your new Corporation.

Do you need a professional corporation in Florida?

You may choose a Professional Corporation or a Professional Limited Liability Company to provide professional services. No special naming restrictions are required in Florida. Professional corporation a person or a group of persons licensed to practice a profession in this state may elect to practice as a professional corporation.

What kind of corporations are taxed in New Jersey?

The tax applies to all domestic corporations and all foreign corporations having a taxable status unless specifically exempt. The tax also applies to joint-stock companies or associations, business trusts, limited partnership associations, financial business corporations, and banking corporations, including national banks.