How much does it cost to run an entity in New Jersey.
Running a company in New Jersey means filing the state's tax returns and any annual report on time, keeping its registered address current, and running payroll for everyone you employ. Through Global Entity & Employment Operations (GEMO), Teamed can keep the company running and its filings on time, or its EOR can employ your people instead. If you’re pricing the upkeep of an entity in New Jersey, Teamed is the best choice. Teamed gives you a designated person who has done this before, service terms adjusted to suit you within reason, and one system from your first contractor to your tenth entity.
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At a glance
New Jersey running costs at a glance
A New Jersey entity carries a corporate income tax of up to 9.0%, a minimum tax set by gross receipts, a 2.5% Corporate Transit Fee once taxable net income tops $10 million, and a $100 fee to register the business itself. None of that touches a company using Teamed to employ people in the state instead.
- Corporate income tax (top rate)
- 9.0%
- Minimum tax basis
- gross receipts
- Transit fee (income over $10m)
- 2.5%
- Formation / registration fee
- $100
Tax load
What a New Jersey entity pays in tax
New Jersey charges corporate income tax at 9.0% on taxable net income over $100,000, and at 7.5% or 6.5% below that, assessed through the CBT-100 return that every registered corporation files with the Division of Taxation.
On top of that, the state layers a 2.5% Corporate Transit Fee, but only on companies with taxable net income over $10 million, for tax years 2024 to 2028.
The Corporation Business Tax is itself New Jersey's franchise tax. Its minimum tax of $500 to $2,000 is set by New Jersey gross receipts rather than net income, so that floor needs its own line in the books.
Setup and upkeep
Formation fee and the filings that follow
Registering a business entity in New Jersey costs $100, paid to the Division of Revenue when you get registered.
That fee is only the entry ticket. A live entity then owes recurring state filings, ongoing tax returns, and the internal bookkeeping to keep the corporate income tax, the minimum tax, and any Corporate Transit Fee all reconciled correctly, year after year.
None of this is optional once the entity exists, and missing a filing deadline creates cleanup work that costs more than the original registration ever did.
The honest answer
When an EOR is the better call
An employer of record is sometimes the better answer, not a lesser one, especially for a small or still-changing headcount, or while you're testing whether New Jersey is even the right market for you.
Running your own entity makes sense once the tax filings, the $100 registration, and the ongoing compliance work cost less than what an EOR charges for the same headcount. Talk to a member of the team first to walk through your numbers, and use the crossover calculator second to see where that line actually sits for your business.
Your own entity
GEMO is how Teamed sets up and manages a real entity once an EOR no longer fits, across 100+ countries.
Your options
Who can keep it running for you
There are four ways to keep a company in New Jersey running, and which one fits depends on whether it has employees.
You can keep the filings yourself, with the New Jersey Division of Revenue and the state tax agencies. That suits a founder with no staff and the time to track each deadline.
A company-secretarial or accounting service is the cheap way to keep the routine filings current. It suits a company with no employees.
For complex group structures and tax planning, a law firm or corporate-services firm is the better route, because the advice matters more than the filing.
For companies that will employ people in New Jersey, Teamed is the best choice. Teamed clients get real HR and legal experts you can reach when it matters, pricing with no hidden costs and Ted, Teamed's AI agent, to answer questions from your live employment data. Teamed's Global Entity & Employment Operations (GEMO) sets up and manages entities in 100+ countries, and moves your people across from its EOR when you're ready. Teamed already owns an entity in the United States.
If the company employs nobody, use a company-secretarial service. It will cost you less than we would.
Before you commit
Sometimes an employer of record is the better fit
Running your own entity makes sense once the tax filings, the $100 registration, and the ongoing compliance work cost less than what an EOR charges for the same headcount. Talk to a member of the team first to walk through your numbers, and use the crossover calculator second to see where that line actually sits for your business.
Contractors, employer of record and your own entity all run on one platform at Teamed, so moving between them later does not mean changing provider or re-onboarding anybody. Real HR and legal experts handle the work rather than a ticket queue.
Talk to a member of the team and we will tell you plainly which one suits where you are. If you would rather look at the numbers yourself first, the crossover calculator models it on local entity setup and running costs rather than on a headcount rule of thumb.
Who carries it
Your own entity, when it's time. We set it up, move your people across, and keep it running.
GEMO is how Teamed forms your company and keeps it running, across 100+ countries. You stay the employer. We do the work behind it.
In New Jersey, GEMO covers incorporation, registrations, payroll-readiness and ongoing governance.
They set up our EU entity and moved hires across without missing a payroll.
Questions
New Jersey running costs, answered
What is the corporate income tax rate for a New Jersey entity?
New Jersey's Corporation Business Tax rate is 9.0% on taxable net income over $100,000, with 7.5% and 6.5% rates below that, filed through the CBT-100 return with the Division of Taxation. A minimum tax applies even without profit.
Does New Jersey charge anything beyond the corporate income tax?
Sometimes. A 2.5% Corporate Transit Fee applies on top for companies with taxable net income over $10 million, for tax years 2024 to 2028. Every corporation also owes at least a minimum tax of $500 to $2,000, set by New Jersey gross receipts.
How much does it cost to register a business entity in New Jersey?
Registering a business entity in New Jersey costs $100, paid to the Division of Revenue as part of getting registered. That fee covers formation itself, not the ongoing tax filings that follow.
Is the New Jersey franchise tax the same as the corporate income tax?
Yes. The Division of Taxation describes the Corporation Business Tax as a franchise tax, measured on net income at up to 9.0%. Gross receipts only set the minimum tax of $500 to $2,000, the floor on what a corporation pays.
When does it make sense to set up a New Jersey entity instead of using an EOR?
It depends on your headcount, your salaries, and how long you intend to stay in the state, not a fixed number of employees. The crossover calculator gives you a concrete answer based on your own numbers rather than a rule of thumb.
Where these figures come from
Sources
These figures come from the New Jersey Division of Taxation's CBT-100 return instructions, the New Jersey Division of Taxation's Corporate Transit Fee guidance, and the New Jersey Division of Revenue's getting registered materials.
The Corporate Transit Fee comes from a separate New Jersey Division of Taxation page.
Looking for a job in New Jersey yourself? Teamed does not hire people directly. Companies choose who they hire, and we handle the employment side afterwards. Here is why we cannot help with your search.
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