Legal Question in Business Law in New Jersey

If you have more than two owners and you have income or loss derived from NJ sources, you are required to complete the Filing Fee Schedule located on the back of Form PART-100. You may wish to visit www.state.nj.us/treasury/taxation/pdf/current/part/part100in.pdf for more information. If you consulted a lawyer when forming the LLC, he/she could have advised you on this point. If you didn't consult a lawyer, you can see why it may have prudent to do so.

As H.L. Mencken said, �For every problem there is a solution that is simple, neat and wrong.� Kindly note and remember that my response is merely a general comment on the law related to your question, and NOT legal advice or opinion. Also, your question and my response does NOT create an attorney-client relationship between us. You cannot rely upon what I have written, because I do not have all of the information that I need to advise you or render an opinion. Even simple facts you have not shared can completely change my answer. For me to give you legal advice or opinion, you would need to hire me to be your lawyer, and then we would need to discuss this in detail and go over the documents.

IRS CIRCULAR 230 DISCLOSURE: As required by U.S. Treasury Regulations governing tax practice, you are hereby advised that written advice contained herein (if any) was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.

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With best wishes,

Barry F. Gartenberg, Esq.