Why incorporate in New Jersey

Business Information & Rankings

• New Jersey holds the highest population density of any U.S. state and the highest household income.
• New Jersey ranked 2nd Friendliest State to Start a New Business. (National Policy Research Council, 2005)
• New Jersey ranked 1st on the Best Saving State Survey. (A.G. Edwards’ ‘Nest Egg Index, 2005)
• Newark, NJ listed as the 10th Top City for Doing Business in America. (Inc. magazine, 2004)

Cost of Living Index

Crime Rate

New Jersey has the 9th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Business inventory is exempt.

Corporate Income Tax
New Jersey’s corporate tax structure consists of a flat 9% on all corporate income. Corporations with entire net incomes of less than $100,000 pay 7.5%.

Personal Income Tax
New Jersey’s personal income tax system consists of six brackets and a top rate of 6.37% which starts at an income level of $75,000.

Personal Property Tax
New Jersey is one of the 38 states that collect property taxes at both the state and local levels. New Jersey does not assess an intangible personal property tax.

State Sales and Use Tax
Base Rate: 6 %
Machinery Rate: None

There is an exemption for machinery, apparatus or equipment used or consumed directly and primarily in the production of tangible personal property by manufacturing, processing, assembling or refining.

Unemployment Insurance
New Jersey’s new employers’ rate is 2.4825% for 3 years.