How to Form an Anonymous LLC in New Jersey | Protect Your Identity

Form an Anonymous LLC in New Jersey

Starting a Limited Liability Company in New Jersey offers business owners flexibility, simplicity, and asset protection. In New Jersey, you can take the benefits of an LLC a step further by forming an anonymous LLC. An anonymous LLC lets you keep your personal information private, making it an attractive option for entrepreneurs who value privacy and asset protection. In this article, we will discuss the process of How to Form an Anonymous LLC in New Jersey and the benefits of doing so.

Webinarcare Editorial Team will help you form your New Jersey Anonymous LLC. You must be guided by all the factors gathered in this article.

What is an Anonymous LLC?

An anonymous LLC (Limited Liability Company) is a business entity that allows its owners or members to maintain a higher degree of privacy and anonymity. This is achieved by not disclosing the owners’ or members’ names or personal information on public records, such as registration documents or annual reports. Unlike a Limited Liability Company, an anonymous LLC aims to protect its members’ privacy and minimize the risk of personal lawsuits or unwanted attention. However, it is important to note that anonymity may be limited, as certain circumstances may require disclosing owner information, such as in legal disputes or compliance with regulatory requirements.

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Before you start creating an anonymous LLC, it is advised that you consult with a legal expert. They will be aware of what’s best for you and your business. You can always start an LLC in New Jersey if you wish to protect your personal assets from business debts.

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How to Form an Anonymous LLC in New Jersey

To form an Anonymous LLC for your business, you must follow the guidelines that include the choose a unique name for your anonymous LLC, hiring a Registered Agent, preparing and filing your Certificate of Formation, obtaining an EIN, create an LLC operating agreement, obtain a business bank account, and maintain in compliance.

Step 1: Choose a Unique Name

The first step in forming an anonymous LLC in New Jersey is to select a unique name for your business. Ensure another company still needs to use the name by checking the New Jersey Secretary of State’s business name database.

There is a complete guide on New Jersey Business Name Search for you to have a proper LLC business name. Here are some of the regulations you must follow while naming your LLC.

  • The name should not be confused with a government entity.
  • The name should be unique.
  • The name should be available to use.
  • Any other business does not use the name.
  • The new name must include “LLC” if it is a limited liability company.

In New Jersey, if you do not wish to file your LLC right away but want to hold the name that you have decided on, then you can reserve your LLC name for 120 days. You must file a name reservation application in the New Jersey Secretary of State to keep the name.

You can register your business under a different legal name if your preferred name isn’t available. Once you have chosen a name, you can submit an application for a DBA (doing business as). In this manner, you can choose any name you desire for your business. A DBA allows a company to operate under the name of the person or entity who owns it. If you have decided to file for a DBA, you can file it in two methods, by mail and in person. for an easier way.

However, before filing a DBA, you should know that you need to renew your DBA up to five years, which costs around $50.

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Step 2: Hire a Registered Agent

To form an anonymous LLC in New Jersey, you must hire a Registered Agent. This is a third-party entity responsible for receiving official correspondence on behalf of your LLC. Your personal information remains private by using a Registered Agent.

It’s essential to choose a reliable and responsible Registered Agent, as failure to receive and respond to legal documents can have serious consequences for your anonymous LLC. Some businesses use Registered Agent Services to ensure compliance and proper handling of legal matters.

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Step 3: File the Certificate of Formation

The Certificate of Formation must be filed with the New Jersey Secretary of State to form your LLC officially. These documents will include basic information about your business, such as the name, purpose, and registered agent. Be sure not to include your personal information in these documents to maintain your anonymity.

Here are the guidelines and specific requirements in filing your Certificate of Formation in New Jersey.

1. Obtain the Necessary Forms: Visit the New Jersey’s business filing office website, usually the New Jersey Secretary of State’s office, to download the required forms or file online.

2. Provide the Required Information: Fill in the necessary details in the form, which typically include:

  • The name of your LLC (must include an LLC designator such as “LLC,” “L.L.C.,” or “Limited Liability Company“)
  • The purpose of your LLC (a general statement or specific business activities)
  • The address of your LLC’s principal place of business
  • The name and address of your registered agent (the person or business entity responsible for receiving legal documents on behalf of your LLC)
  • The management structure of your LLC (member-managed or manager-managed)
  • The duration of your LLC, if not perpetual
  • The names and addresses of the LLC’s organizers or members

3. Sign and File the Form: Submit the completed form in the New Jersey state office, either by mail, in person, or online. You may mail it at New Jersey Division of Revenue, P.O. Box 308, Trenton, NJ 08646.

4. Pay the Filing Fee: When you submit your Certificate of Formation, you’ll need to pay a filing fee of $125. Make sure to check and include the correct payment with your submission.

5. Receive Confirmation: After your Certificate of Formation have been filed and processed, you’ll receive a confirmation from New Jersey, typically a stamped and approved copy of the document.

Once you have successfully filed your Certificate of Formation and it has been approved, your anonymous LLC is officially formed. However, remember to complete additional steps, such as obtaining an EIN, creating an operating agreement, opening a business bank account, and maintaining compliance.

Step 4: Obtain an Employer Identification Number (EIN)

An EIN is required to open a business bank account for tax purposes. You can apply for an EIN in New Jersey through the Internal Revenue Service website.

The application of an EIN in New Jersey can be through the following:

  • Apply Online- The online EIN application is the preferred method for customers to apply for and obtain an EIN.
  • Apply by Fax- Taxpayers can fax the completed Form SS-4 application to the appropriate fax number), after ensuring that the Form SS-4 contains all of the required information.
  • Apply by Mail- The EIN application Form SS-4 can be filed via mail. The processing time frame to receive the mail is four weeks.
  • Apply by Telephone-International Applicants – International applicants may call 267-941-1099 (not a toll-free number) from 6 a.m. to 11 p.m. (Eastern Time) Monday through Friday to obtain their EIN.

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Step 5: Create an Operating Agreement

Although not required by New Jersey law, creating an operating agreement in New Jersey for your anonymous LLC is recommended. This document outlines your business’s management structure, ownership interests, and operating procedures.

The operating agreement includes information like-

  • About Business
  • Members and management
  • Capital contribution
  • Profit Distribution
  • Change of membership
  • Dissolution

Step 6: Open a Business Bank Account

To keep your personal finances separate from your business, open a business bank account using your EIN and business name. Separate your personal and business finances by opening a dedicated bank account for your holding company. This separation helps preserve the limited liability protection offered by the LLC structure.

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Step 7: Maintain Compliance

To keep your anonymous LLC in good standing, be sure to file Annual Reports and any required tax filings with the New Jersey Secretary of State and maintain a Registered Agent.

Benefits of an Anonymous LLC in New Jersey

Even though some people decide what to do with their businesses, important benefits will help you set up an anonymous LLC in New Jersey.

  • Privacy: By forming an anonymous LLC, your personal information, such as your name and address, will not be listed in public records. This can protect you from potential lawsuits, identity theft, and unwanted solicitations.
  • Asset Protection: An anonymous LLC can help protect your personal assets from creditors and lawsuits. Keeping your identity hidden makes it more difficult for potential litigants to target your personal assets.
  • Enhanced Business Image: An anonymous LLC can give the impression that your business is larger and more established than it is. This can be beneficial in attracting clients and investors.
  • Ease of Management: An anonymous LLC is typically easier to manage than other business structures, with fewer compliance requirements and formalities.

Difference Between an LLC and an Anonymous LLC in New Jersey

In New Jersey, when you form a regular LLC, you are required to disclose the names and addresses of the members (owners) and managers of the LLC. This information typically becomes part of the public record, meaning anyone can access it, and the owner’s association with the business is not private.

An anonymous LLC allows the owner(s) to keep their identity and personal information private. The formation documents for an anonymous LLC do not require the disclosure of the members’ names and addresses. Instead, a registered agent or nominee is listed on the formation documents as a buffer between the public record and the actual owner(s).

Why Does Forming an LLC Need to be Anonymous?

Forming an LLC does not necessarily need to be anonymous, but some business owners choose to create an anonymous LLC for various reasons:

  • Privacy Protection: An anonymous LLC helps protect the owner’s personal information and identity from being publicly accessible. Many business owners value their privacy and prefer to keep their involvement in certain business ventures confidential, especially if they have high-profile positions or are involved in multiple businesses.
  • Asset Protection: By keeping the ownership details private, an anonymous LLC can make it more difficult for potential creditors, litigants, or other parties to discover and target the owner’s personal assets in case of a lawsuit or debt collection.
  • Enhanced Business Reputation: In some cases, anonymity can help improve the reputation of a business. For example, if a business is involved in a controversial industry or the owner has a controversial past, keeping the ownership private can prevent negative publicity from affecting the business.
  • Easier to Attract Investors: An anonymous LLC can make it easier to attract investors who may be hesitant to invest in a company if they know the owner’s identity. Investors may focus more on the business opportunity than the owner’s history or background.
  • Reduced Identity Theft Risk: Creating an anonymous LLC can help protect the owner’s personal information from falling into the wrong hands, thus minimizing identity theft risk.

Are There Drawbacks in Forming an Anonymous LLC?

While forming an anonymous LLC can provide privacy benefits, there are potential drawbacks. These can include:

  • Limited Banking Options: Some banks may hesitate to open accounts for anonymous LLCs due to concerns about money laundering or other illicit activities.
  • Additional Costs: Forming and maintaining an anonymous LLC, especially in another state, can involve additional costs, such as registered agent fees and annual filing fees.
  • Potential Scrutiny: Anonymous LLCs may attract more attention from regulatory authorities as they can sometimes be associated with illicit activities.

FAQs

What is an anonymous LLC in New Jersey?
An anonymous LLC is a limited liability company in which the members are kept anonymous.
How do I form an anonymous LLC in New Jersey?
You can form an anonymous LLC in New Jersey by filing articles of organization with the New Jersey Department of Treasury.
How much does it cost to form an anonymous LLC in New Jersey?
The cost to form an anonymous LLC in New Jersey is $125.
Is it legal to form an anonymous LLC in New Jersey?
Yes, it is legal to form an anonymous LLC in New Jersey.
How do I maintain anonymity as part of an LLC formation in New Jersey?
You can maintain anonymity by using a registered agent, which can act as a public face for your company.
Do I need to have a Federal Tax ID Number (EIN) for my anonymous LLC in New Jersey?
Yes, you will need a Federal Tax ID Number (EIN) for your anonymous LLC in New Jersey.
What is a Registered Agent, and do I need one for an Anonymous LLC in New Jersey?
A registered agent is a person or company that can act as a point of contact for lawsuits, legal documents, and official correspondence. Yes, you will need a registered agent for your anonymous LLC in New Jersey.
How do I choose a Registered Agent for my anonymous LLC in New Jersey?
You can choose a registered agent through a service such as InCorp Services, or you can choose someone in New Jersey to serve as your registered agent.
Can a member of an anonymous LLC in New Jersey also be the Registered Agent?
Yes, a member of an anonymous LLC in New Jersey can also be the Registered Agent.
Can I form an anonymous LLC in New Jersey with only one member?
Yes, you can form an anonymous LLC in New Jersey with only one member.
How can I change information for my anonymous LLC in New Jersey?
You can amend your LLC’s Certificate of Formation through the Secretary of State’s website.
Can non-US residents form an anonymous LLC in New Jersey?
Yes, non-US residents can form an anonymous LLC in New Jersey.
Is there an age limit for forming an anonymous LLC in New Jersey?
No, there is no age limit for forming an anonymous LLC in New Jersey.
How long does it take to form an anonymous LLC in New Jersey?
It typically takes the New Jersey Department of Treasury between 3-4 weeks to process articles of organization for an anonymous LLC.
Are there any differences in formation requirements for an Anonymous LLC than a traditional LLC in New Jersey?
No, there are no differences in formation requirements for an anonymous LLC than a traditional LLC in New Jersey.
Do anonymous LLCs in New Jersey require amended formation documents if the owner information changes?
Yes, anonymous LLCs in New Jersey require amended documents just like traditional LLCs if the owner information changes.
What names are prohibited for anonymous LLCs in New Jersey?
You cannot opt for a name for your anonymous LLC that is already in use by another LLC, or that makes false or misleading statements.
Can I form an anonymous LC for a not-for-profit it in New Jersey?
yes, you can form an anonymous LLC for a not-for-profit in New Jersey.
Are there tax benefits or incentives for forming an anonymous LLC in New Jersey?
Anonymous LLCs in New Jersey are taxed at the state level similar to traditional LLCs. There are no direct tax benefits for forming an anonymous LLC in New Jersey.
Will my identity be on public record if I form an anonymous LLC in New Jersey?
As a member or owner of an anonymous LLC, your information will not be part of the public record in New Jersey.
Can I convert my current business entity into an anonymous LLC in New Jersey?
Yes, you can convert your current business entity to an anonymous LLC in New Jersey.
Can I be a foreigner and also start an anonymous LLC in New Jersey?
Yes, foreigners can also start an anonymous LLC in New Jersey.
Should I hire a local attorney before setting up an anonymous LLC in New Jersey?
It is always a good idea to hire a local attorney before setting up an anonymous LLC in New Jersey to ensure compliance with all state laws.
Does forming an anonymous LLC protect me from all legal liability in New Jersey?
No, simply forming an anonymous LLC does necessarily protect members or owners from all legal liability in New Jersey.
Can an anonymous LLC disclose members in its operating documents in New Jersey?
The decision to disclose members in operating documents rests with the governing documents of the LLC.
How do I cancel my anonymous LLC in New Jersey?
You can cancel your anonymous LLC in New Jersey by filing articles of dissolution with the New Jersey Department of Treasury.
Can I continue to operate anonymously if I choose to apply for a Doing Business As (DBA) document with the State of NJ in my Anonymous LLC’S name?
No, if you choose to apply for a Doing Business As (DBA) document for your anonymous LLC’s name, your government-created business name and trade name will be visible to the public.
Should I have an Operating Agreement in place for my anonymous LLC in New Jersey?
Yes, you should have an Operating Agreement in place for your anonymous LLC in New Jersey as it helps settle disputes, define roles, and gives confidence in setting up your business.
How is the ownership anonymous in an LLC in New Jersey?
In an LLC in New Jersey, the ownership is made anonymous by appointing a trusted third party to act as the registered agent.
Can an anonymous LLC be formed in New Jersey?
Yes, an anonymous LLC can be formed in New Jersey with the assistance of a registered agent service.
Who can be appointed as a registered agent for an anonymous LLC in New Jersey?
The registered agent for an anonymous LLC in New Jersey can be a person or a company that is authorized to do business in New Jersey and has a physical location in New Jersey to accept legal and official mail on behalf of the LLC.
What are the benefits of an anonymous LLC in New Jersey?
The benefits of an anonymous LLC in New Jersey include privacy, limited liability, and flexibility in tax filing options.
Can the owners of an anonymous LLC be revealed in any scenario?
The owners of an anonymous LLC can be revealed if there is a court order or other legal action requiring the disclosure of ownership.
Can an anonymous LLC in New Jersey be formed for any type of business?
Yes, an anonymous LLC in New Jersey can be formed for any type of business, as long as it is legally allowed to operate in New Jersey.
Do anonymous LLCs have to pay taxes in New Jersey?
Yes, anonymous LLCs in New Jersey are required to pay taxes on their net income just like any other LLC.
How can I form an anonymous LLC in New Jersey?
You can form an anonymous LLC in New Jersey by working with a professional registered agent service that specializes in anonymous LLC formation in New Jersey.
Can I have a bank account with an anonymous LLC in New Jersey?
Yes, you can have a bank account with an anonymous LLC in New Jersey, but you usually need to provide proof of ownership, such as a certificate of formation.
How is an anonymous LLC taxed?
An anonymous LLC in New Jersey can choose to be taxed as a partnership, an S corporation, or a sole proprietorship, depending on how many owners there are and how they prefer to be taxed.
Can a nonresident of New Jersey form an anonymous LLC in New Jersey?
Yes, a nonresident of New Jersey can form an anonymous LLC in New Jersey as long as they have a registered agent that is authorized to do business in New Jersey.
Do I need to provide my social security number to form an anonymous LLC in New Jersey?
No, you do not need to provide your social security number to form an anonymous LLC in New Jersey if you have a registered agent to act on behalf of the LLC.
Can I change the registered agent for my anonymous LLC in New Jersey?
Yes, you can change the registered agent for your anonymous LLC in New Jersey by submitting a change of agent form to the state.
How do I maintain the anonymity of my ownership in an anonymous LLC in New Jersey?
To maintain the anonymity of your ownership in an anonymous LLC in New Jersey, it is important to appoint a trustworthy registered agent and keep your ownership information confidential.
Can I still conduct business under my personal name with an anonymous LLC in New Jersey?
Yes, you can still conduct business under your personal name with an anonymous LLC in New Jersey, but any business contracts and legal agreements should be made under the name of the LLC.
What happens if there is a legal issue with the anonymous LLC in New Jersey?
If there is a legal issue with the anonymous LLC in New Jersey, the registered agent will be responsible for handling any legal notices or court orders.
Can I convert my existing LLC in New Jersey to an anonymous LLC?
Yes, you can convert your existing LLC in New Jersey to an anonymous LLC by appointing a registered agent to act as the owner of the LLC on public record.
What are the best ways to protect my personal assets with an LLC in New Jersey?
To protect your personal assets with an LLC in New Jersey, it is important to maintain separate finances, keep accurate financial records, and maintain proper insurance coverage.
Will forming an anonymous LLC in New Jersey protect me from liability?
Yes, forming an anonymous LLC in New Jersey can protect you from personal liability if your business faces legal issues or financial debts.
Can I dissolve an anonymous LLC in New Jersey?
Yes, you can dissolve an anonymous LLC in New Jersey by filing the necessary paperwork with the state and settling any outstanding debt or legal obligations.
Can a foreign LLC do business in New Jersey?
Yes, a foreign LLC can do business in New Jersey as long as it follows the necessary registration and tax requirements.
How do I keep my anonymous LLC in good standing in New Jersey?
You can keep your anonymous LLC in good standing in New Jersey by filing annual reports, paying any necessary taxes and fees, and maintaining proper business records and insurance.
Can I sell my anonymous LLC in New Jersey?
Yes, you can sell your anonymous LLC in New Jersey just like any other type of business or LLC.
Who do I contact if I have questions or concerns about my anonymous LLC in New Jersey?
If you have questions or concerns about your anonymous LLC in New Jersey, you should contact your registered agent or a legal professional who is familiar with LLC formation and management in New Jersey.

Also Read

Why You Should Start New Jersey Anonymous LLC

One of the main reasons why individuals choose to start an anonymous LLC in New Jersey is to protect their personal assets from potential lawsuits or creditors. By operating your business under the veil of anonymity, you can help safeguard your personal finances and belongings from being at risk in the event of a legal dispute. This extra layer of protection can provide peace of mind for entrepreneurs and business owners who want to keep their personal assets separate from their business operations.

In addition to asset protection, an anonymous LLC can also offer privacy for individuals who value their anonymity. By keeping your identity hidden from public records and databases, you can avoid unwanted attention or scrutiny that comes with being a business owner. Whether you are concerned about your safety or simply prefer to operate behind the scenes, an anonymous LLC can provide you with the privacy and discretion you desire.

Furthermore, starting a New Jersey anonymous LLC can also offer tax benefits and advantages. By operating your business under the guise of anonymity, you may be able to take advantage of certain tax breaks or incentives that are not available to other entities. This can help you save money on your taxes and operate your business more efficiently.

Another reason to consider starting a New Jersey anonymous LLC is for the professionalism and credibility it can bring to your business. By setting up an anonymous LLC, you can present yourself as a legitimate and established entity, which can help attract clients and investors. This can help you build trust and credibility with your customers, partners, and stakeholders, ultimately leading to greater success for your business.

Overall, starting a New Jersey anonymous LLC can provide numerous benefits for individuals looking to protect their privacy, assets, and identity. With the ability to shield your personal information from the public, safeguard your assets from potential lawsuits, and present yourself as a credible business entity, an anonymous LLC can be a smart choice for entrepreneurs and business owners. If you value privacy, security, and professionalism, starting a New Jersey anonymous LLC may be the right choice for you.

Conclusion

Forming an anonymous LLC in New Jersey can provide numerous benefits for entrepreneurs, including increased privacy and asset protection. Following the steps outlined in this article, you can successfully establish an anonymous LLC and enjoy its advantages. However, consulting with an attorney or professional advisor is always recommended to ensure you make the best decisions for your unique business needs.

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