What is a successor corporation and explain the legal

Reference no: EM133335584

Questions: Review the New Jersey Business Registration packet, including the Instruction Sections and the NJ REG-1 form, and respond to the following Questions regarding same.

Q1. Is a business Partnership required to complete and file a REG-1 form with the State of NJ?

Q2. What is a "successor corporation" and explain the legal liabilities of a successor corporation that are identified in response to Question 3.

Q3. What is a 501(c)(3) organization and what form must you use to apply for a sales tax exemption?

Q4. In response to Question 8, might a business respond "yes" and claim an exemption from paying unemployment and disability taxes on wages paid to its employees if its sole employees are a spouse and a minor child? [Hint: read Instruction for Question 8]

Q5. Must one set forth each product or service that the business provides in response to Question 9?

Q6. If your business intends to sell cigarettes in connection with your business, identify the additional form that must be completed in order to obtain an appropriate license to sell them.

Q7. In addition to Miscellaneous Codes, identify the 5 primary types of Business Codes set forth in the Registration Packet.

Q8. Identify the Retail Service Codes for the following business types: Apparel, Hardware and Jewelry.

Q9. Identify the four-digit municipal code that must be entered on the REG-1 form in response to Item J for a retail business that has its primary business location in Wayne, NJ.

Q10. If the applicant business is an LLC, who must sign and complete the REG-1 form?

Q11. Identify one situation in which a proprietor or business entity would be required to complete the Registration of Alternate Name form included in the Registration packet.

Reference no: EM133335584

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