Welcome to your daily briefing on small business developments in New Jersey. Today we're covering 4 key stories including updates on new jersey small business headlines, background & context. Let's dive in.
2 stories
Filing a DBA enables businesses to operate under a different name, with essential details on the process in New Jersey.
This is crucial for small business professionals in NJ to ensure compliance and effective branding.
Discover the essential process, requirements, and steps for filing a DBA in New Jersey for various business structures.
Understanding how to properly file a DBA is crucial for small business professionals in NJ to ensure compliance and branding.
Reach professionals in this market
2 stories
Most small-business credit cards — even those issued in the company name — carry a personal guarantee in the application terms. Default by the business becomes personal liability. This applies to most issuers including those marketed as "business credit builders.".
Owners assuming corporate-veil protection on business cards can be blindsided by personal collections actions years later. The card's branding does not match the legal exposure.
The S-corp election lets owner-operators take part of their income as wages (subject to payroll tax) and the rest as distributions (not subject to self-employment tax). The savings only matter once profit consistently exceeds a "reasonable salary" — typically $50K-$80K of pure profit above the salary baseline. Below that threshold, the added payroll-processing cost eats the savings.
Many LLCs elect S-corp status before they have enough profit to benefit, paying payroll processing for no tax savings. The election is reversible but not on a clock that matters in real time.
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