How to Start a Corporation in New Hampshire
To start a New Hampshire corporation, you must file Articles of Incorporation with the Corporation Division and pay a $100 filing fee. While this filing creates your business, it’s really just the first step to launching your New Hampshire corporation. The complete steps to incorporating in the Granite State are as follows:
- File New Hampshire Articles of Incorporation
- Pay the New Hampshire Corporation Division $100
- Wait to receive your approved Articles
- Get a federal tax ID (EIN) for the corporation
- Create New Hampshire corporate bylaws
- Take these documents to the bank and get a New Hampshire corporate bank account
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New Hampshire Articles of Incorporation free download. When you're done filling out the form, submit it to your state.
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2 Day New Hampshire Corporation For $327 Total
How to File New Hampshire Articles of IncorporationTo form a New Hampshire corporation, you file the Articles of Incorporation in the following steps:
What is the Cost of a New Hampshire Corporation?
New Hampshire’s Corporation Division charges $100 to submit Articles of Incorporation. If you file online with New Hampshire QuickStart, you’ll also pay a $2 convenience fee.
Hire Northwest to form your New Hampshire corporation and your total out-the-door cost is $327. This includes state filing fees, a full year of registered agent service, and all the forms you need to open a corporate bank account.
How Much Does a Corporation in New Hampshire Cost Each Year?
$100. This is the filing fee for the mandatory New Hampshire Annual Report.Get Started
What is a New Hampshire Annual Report?
Your New Hampshire Annual Report is a form you file each year to update your corporation’s contact and ownership information. The report and $100 fee ($102 if filing online) are due April 1st each year. Miss your filing deadline? You’ll owe an extra $50 in late fees.
Northwest can help you avoid these kinds of unpleasantries—when you hire us as your registered agent, we’ll send you reminder notifications for your reports. Better yet, leave all the annoying paperwork to us. For $100 plus state fees, we’ll prepare and submit your Annual Report for your New Hampshire corporation.Get Started
What are the Taxes for a New Hampshire Corporation?
All New Hampshire business entities, from LLCs to corporations, are subject to two somewhat unusual state taxes: a business profits tax and a business enterprise tax.
The business profits tax takes the place of a more traditional income tax. It’s a tax on income from “conducting business activity in New Hampshire.” The rate is currently 7.9% but varies by year. Only businesses with over $50,000 in gross business income have to file.
The business enterprise tax is a tax on “enterprise value,” which the state’s Department of Revenue Administration defines as compensation (such as wages, interest or dividends) paid or accrued. The rate is currently 0.675% but also varies by year. Your business only has to file a return for this tax if your enterprise value is more than $104K or your gross receipts are over $208K.
It’s not all bad news when it comes to New Hampshire taxes. The personal net income tax is very limited (only affecting interest and dividend income), and there’s no sales tax (not even on the city or county level).
Is a Registered Agent Required for a New Hampshire Corporation?
Absolutely. You must list your New Hampshire registered agent and their office in your Articles of Incorporation. Your agent can be a business (but not your own) or an individual New Hampshire resident. You can even be your own registered agent—although that’s not always the wisest decision. You would have to be regularly available at the office listed in your Articles, and being tied to the desk can make it tough to run your business. Your registered office address also becomes part of the public record, meaning it’s accessible to everyone—including data-sellers and busybodies.
A better option? Leave the worry and hurry to us. Our New Hampshire office address will go in your Articles, and we’ll be ready and waiting to scan and send you any legal notifications the same day—so you’re free to run your business, whether you’re at the office or the top of Mount Washington.Get Started
New Hampshire Corporation Versus New Hampshire LLC:
When it comes to state costs, there’s not much of a difference between New Hampshire corporations and LLCs. Filing fees are the same for both entities, whether it’s for formation, Annual Reports, or changing your registered office. Even state taxes are pretty similar—New Hampshire’s business profits and enterprise taxes apply to all business entities.
With costs being fairly even, which entity type is best for your business? Corporations are often more appealing to large businesses. Their formal structure can make it easier to manage lots of people and departments. Their long legal history means there’s plenty of court precedents, which can help corporations navigate complex legal waters and make the best decisions for their businesses. Stocks also open up more possibilities for corporations, such as offering preferred stock to more cautious investors. LLCs, on the other hand, are popular for small businesses. Without all the corporate formalities, LLCs can be simpler to operate (and easier to understand). Curious if a New Hampshire LLC might be a better fit for you? Here’s information on starting an LLC in New Hampshire.
Do I Need a Tax ID Number (EIN) for a New Hampshire Corporation?
Yes, your New Hampshire corporation is required to get an EIN for federal tax filings. Your EIN will also come in handy for plenty of other forms and filings. You’ll typically need your EIN to open a corporate bank account and register for licenses and permits. In some cases, you can use your personal social security number instead, but why put your personal info at risk when you’re already required to have an EIN?
You can apply for an EIN directly from the IRS at no cost. Prefer to leave the paperwork to us? Hire Northwest to get your EIN for you—just add on EIN service during checkout when you sign up for our New Hampshire incorporation services.
Does a New Hampshire Corporation Need a Business License?
The state itself doesn’t require a general business license (and neither do most local areas). Your corporation may, however, need a license or permit for specific business activities. Manchester, for instance, requires licenses for a variety of businesses, from pawnbrokers to carnivals.
New Hampshire Articles of Incorporation Requirements
Your name must include “Corporation,” “Incorporated,” “Limited” or an abbreviation of one of these words. Tip: Most corporations keep it simple with “Corp” or “Inc.”
Principal Office and Information
This section requests your principal office address, business phone and business email. Note that this information is optional and that all the information in your Articles of Incorporation becomes part of the public record. Tip: If you skip this section, the state will use your registered agent’s address as your principal office.
List the number of shares you wish to create. You must create at least one share. Tip: You can distribute some or all of these shares later on at your organizational meeting.
You can list an individual New Hampshire resident (such as yourself) or a business (such as Northwest). Tip: We’re fans of Northwest.
This New Hampshire street address is where your agent will be available to accept legal notifications. Tip: Hire Northwest and our New Hampshire office address will go here.
Your corporation’s “purpose” is your primary business activity (for example, “real estate” or “janitorial services”). You can also list the NAICS code for your business. These are six-digit codes that describe pretty much any business activity you can think of.
Benefit corporations are businesses that create general public benefit. These corporations are subject to additional regulations. If you’re creating a benefit corporation, you must declare this in your Articles and include your fiscal year end date. Tip: Most corporations are not benefit corporations.
New Hampshire Incorporator
Your incorporator is the person who signs your Articles of Incorporation. This can be someone in your corporation, such as a director or officer, or it can be another person you authorize to submit your Articles. Your incorporator must include their name and address. Tip: We’ll be your incorporator when you hire Northwest to form your New Hampshire corporation.