New Jersey, USA Capital City: Trenton Economy: Industry, tourism, agriculture, high technology, manufacturing, pharmaceuticals. Language Description: English Population: 8,414,350 Time Zone: 5 hours behind Greenwich Mean Time (-5 GMT). Daylight Saving Time is observed from the first Sunday in April until the last Sunday in October Today, New Jersey, an area of wide industrial diversification, is known as the Crossroads of the East. Products from over 15,000 factories can be delivered overnight to almost 60 million people, representing 12 states and the District of Columbia. The greatest single industry is chemicals; New Jersey is one of the foremost research centers in the world. Many large oil refineries are located in northern New Jersey. Other important manufactured items are pharmaceuticals, instruments, machinery, electrical goods, and apparel. Productive farmland covers nearly one million acres, about 20% of New Jersey's land area. The state ranks high in the production of almost all garden vegetables, as well as cranberries, blueberries, and peaches. Poultry, dairy products, and seafood are also top commodities. Tourism is the second-largest industry in New Jersey. The state has numerous resort areas on 203 km of Atlantic coastline. In 1977, New Jersey voters approved legislation allowing legalized casino gambling in Atlantic City. Points of interest include the Delaware Water Gap, the Edison National Historic Site in West Orange, Princeton University, Liberty State Park, Jersey City, and the N.J. State Aquarium in Camden. The United States LLC is not a partnership or a corporation. It is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation. US LLCs with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return. US LLCs are popular vehicles for conducting international business. For offshore business usually Corporation or Limited Liability Company (LLC) types are used, those based on the General Corporation Law and Limited Liability Act. Company Statute: Limited Liability Company (LLC) Taxation: US limited liability companies that conduct no business in the recommended states of formation with non-resident members are generally not subject to state income tax and are not required to file a state income tax return. Shareholders/Members: Normally one. Directors/Managers: Normally one. Registered Office Required: Yes. Must be maintained in state of incorporation/formation at the office of a professional registered agent. Name Restrictions: Anything identical or similar to an existing company within the state of formation. Additionally, the use of bank, trust, insurance or reinsurance within the name of the LLC is generally prohibited in all 50 states. This is because limited liability companies in most states are simply not allowed to engage in a banking or insurance business. Financial Statements: There is generally no requirement to file financial statements with the state of formation unless the corporation owns assets within that state or has conducted business within that state. Annual Report/Licence Fees: USD 100.

back to top