State Tax for Foreign LLCsAnswered

How does New Jersey's Corporation Business Tax (CBT) affect my foreign-owned LLC?

CM
carlos_mx_ab32new member
June 6, 2020 654 views 1 answer
state taxnew jerseyCBTcorporation business taxforeign LLCminimum tax

I formed my LLC in New Jersey because I have a business partner there who handles some operations. I'm a non-resident alien from Mexico. The LLC is a single-member disregarded entity with about $80,000 in annual revenue.

Does the New Jersey CBT apply to my LLC? I've heard there's also a minimum tax even with no income. What are my filing obligations?

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