How to Start an LLC in New Hampshire
To start an LLC in New Hampshire, you must file a Certificate of Formation with the New Hampshire Corporation Division, pay a $100 filing fee, and get an EIN from the IRS. The complete steps to forming a New Hampshire LLC are as follows:
- File a New Hampshire Certificate of Formation
- Pay the New Hampshire Corporation Division $100
- Wait to receive your approved Certificate
- Get a Federal EIN tax ID for the LLC
- Create a New Hampshire LLC Operating Agreement
- Take these documents to the bank and get a New Hampshire LLC bank account
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New Hampshire LLC Certificate of Formation free download. When you're done filling out the form, submit it to your state.
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2 Day New Hampshire LLC For $327 Total
How to File New Hampshire LLC Certificate of FormationTo form a New Hampshire LLC, you file the LLC Certificate of Formation in the following steps:
What is the Cost of a New Hampshire LLC?
The New Hampshire Corporation Division charges a $100 filing fee for your Certificate of Formation. If you file online, there’s an additional $2 processing fee.
Hire Northwest and your total out-the-door cost is $327, including state fees.
How much does an LLC in New Hampshire cost each year?
There’s a $102 fee to file the mandatory New Hampshire LLC Annual Report. The base fee is actually only $100, but you can only file online, which requires a $2 processing fee.
What are the New Hampshire LLC taxes?
New Hampshire has no statewide general sales tax and only a limited personal net income tax (taxing investment income such as dividends and interest at 5%). Before you order a cake to celebrate, however, it’s important to note that New Hampshire does have a few other unique (and hefty) business taxes: a business profits tax and a business enterprise tax.
The business profits tax is basically an income tax. Technically, it’s a tax on income from “conducting business activity in New Hampshire.” The rate varies by year but is around 8%, and only businesses with more than $50K in gross receipts have to file.
The business enterprise tax is a tax on “enterprise value.” What the heck is enterprise value? It’s compensation (such as wages, interest or dividends) paid or accrued. This tax rate also varies by year between 0.5 and 0.7%. Who has to pay? Luckily, most small businesses are off the hook, as only businesses with an enterprise value of more than $104K or gross receipts over $208K have to file.
Is a New Hampshire LLC Registered Agent Required?
Absolutely—the State of New Hampshire requires LLCs to have and maintain a New Hampshire registered agent. This doesn’t necessarily mean you have to hire someone. You could be your own registered agent. The title, however, comes with a couple major drawbacks. If you list your own address on public documents like your Certificate of Formation, that information becomes a part of the permanent public record for your LLC—goodbye privacy and hello junk mail. Also, odds are you won’t be in the office all the time. You’ll have meetings, appointments or just time off to go hiking. And when you eventually have to update your address or change your agent? You’ll be stuck paying a $15 fee each time to submit a Statement of Change to the New Hampshire Corporation Division.
“Live Free or Die” is more than the state motto; it’s a way of life. Don’t tie yourself to the desk—leave yourself free to run your business how you want. Hire Northwest, and we’ll be ready and waiting to accept your legal notifications, so you don’t have to be. We’ll even scan and send them the same day. Plus, our address will go on your public documents (and stay the same even as your LLC grows and changes).
New Hampshire LLC Versus New Hampshire Corporation:
State costs for New Hampshire LLCs and corporations are pretty much the same: $100 for the initial filing and $100 a year for the Annual Report. Both corporations and LLCs are subject to New Hampshire’s business profits and business enterprise taxes, so there’s no real advantage there either.
While costs for LLCs and corporations are similar, how each business type functions is different. LLCs tend to be pretty appealing to small businesses and new business owners, mostly because they’re easier to manage. There aren’t requirements for appointing directors and officers or holding annual meetings. Members can even manage the LLC themselves, without any managers at all. Corporations are a little more complicated, but they’re often the choice of businesses that hope to scale quickly. Considering a corporation in the Granite State? Here’s information on New Hampshire incorporation.
Do I Need a Tax ID Number (EIN) for a New Hampshire LLC?
If you have employees or file certain federal excise taxes, you’ll need an EIN. Plan to open a business bank account? Nine times out of ten, you’ll need an EIN. Just to file some local taxes, you may need an EIN as well. Generally speaking, it’s best to get an EIN even if you don’t think you need it right now. They’re free from the IRS (and a better option than handing out your personal social security number). If you don’t want to fill out the application, you can even hire Northwest to get one for you when you sign up for our services.
Does a New Hampshire LLC Need a Business License?
The State of New Hampshire doesn’t have a general business license (and neither do most cities and counties), but LLCs may need professional licenses for certain occupations (such as accountants, electricians and psychologists) or permits for specific business activities like food handling.
What is a New Hampshire LLC Annual Report?
Your New Hampshire LLC Annual Report is essentially a $102 hit to your wallet each year. More specifically, it’s a form you’re required to file by April 1st ever year in order to update the state on your contact and ownership information (even if nothing has changed). And if you file late? There’s an additional $50 penalty. When you sign up with Northwest, we’ll help you remember to file by sending you reminder notifications. You can even hire us to file your report for you each year.
New Hampshire LLC Certificate of Formation Requirements:
You must include “Limited Liability Company” or an abbreviation. Most businesses go with “LLC.”
Principal Business Information
This includes your official business address (where you’ll receive official mail besides legal notifications). Maintain your privacy and avoid having to update multiple addresses by using our address here when you hire Northwest. A phone number is optional, so there’s no reason to include it—you’ll just end up on telemarketing lists. An email address is required for online filings, but at Northwest, we allow our clients to use our email address so yours doesn’t get clogged with spam.
Your purpose may be to make money, but don’t put that in your Articles. “Purpose” here is what your business actually does. Include a few words that describe your specific business activities, like “cosmetics sales and manufacturing” or “dog grooming.”
You can list an individual (such as yourself) or a business that offers registered agent services (such as Northwest). We’re a fan of Northwest.
This New Hampshire street address will become a part of the permanent public record of your New Hampshire LLC. When you hire Northwest, our address will go here.
When you file online, you can choose how long your LLC will exist. You can choose “perpetual,” meaning your LLC will continue indefinitely. Or, you can enter a “term date” which essentially puts a self-destruct timer on your business. Tip: Most LLCs are perpetual.
Your LLC can either be managed by members or managers. Most LLCs are managed by members, but if you don’t plan to oversee the day-to-day operations, you can turn over decision-making powers to one or more managers.