How to Be a Retail Merchant in New Jersey
- 1). Register your retail trade name with a county clerk in New Jersey. Request for a list of approved businesses in New Jersey from the county clerk. Choose an entity you wish to apply for from the list. The choice of an entity and effective date of filing may have significant tax or employer implications. It is therefore important to consult a tax professional for guidance.
- 2). Visit a New Jersey revenue office and register for tax compliance. Obtain a tax identification number for the merchant business being registered. Pay a business registration fee in accordance with prevailing New Jersey registration guidelines.
- 3). File an original formation/authorization certificate with the State of New Jersey Department of Treasury, Division of Revenue. The filing process can be completed online. If you choose not to register online, you may download the forms and instructions, which are found in the Business Registration Packet.
- 4). Indicate the type of products that the business will be involved in, their cost and the profit expected. The Division of Revenue requires this information to determine a likely tax bracket to classify the business. It is also essential in computing tax estimates.
- 5). Indicate the number of employees the business will have. It is important to indicate whether a merchant business will pay any salaries, wages or commission to employees within the next month.
- 6). Pay stipulated license fees in accordance with prevailing county policies for the license applied. All fees are payable to the treasury office. The fees are paid in cash or money checks. Personal checks are not accepted.
- 7). Submit the forms to the Division of Revenue of in New Jersey. After registering, the business will receive operating authorization forms as well as tax compliance documentation in accordance with New Jersey laws.
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