Effective June 30, 2019, New Jersey Assembly Bill amends entity laws regarding annual fees and reinstatement. The bill increases annual report fees from $50.00 to $75.00 for profit entities and $25.00 to $30.00 for non-profit entities.
The bill also provide a certain time frame (December 15, 2019 to June 15, 2020) that revoked or inactive entities can reinstate or dissolve in an expedited manner with a single application.
For additional information on New Jersey Assembly Bill 5607, please contact us.