Start a Business in New Hampshire
Corporate Compliance by Local Corporate Guides®
Starting a business in New Hampshire can and should be easier than you think. You file simple forms with the Department of State, and your business is formed! Obviously there’s a few more things than that, but if you’d like to start your own business yourself, you will find it easy to hire us as your registered agent and you’ll find all the forms you could file to start a business in New Hampshire, along with great filing instructions on the quickest and cheapest ways to start your business in New Hampshire.
How to Start a Business in New Hampshire
You file articles of incorporation for a New Hampshire corporation or articles of organization for a New Hampshire LLC with the NH Department of State. Include the SRA – Addendum with your filing.
You obtain a federal tax ID number (FEIN or EIN) with the IRS after you have confirmation and filed articles from the State of New Hampshire showing your approved New Hampshire business.
Opening a business banking account under your New Hampshire business name should be easy with these two items.
If you’re going to have employees or need to withhold sales tax, you will probably need to register with the NH department of revenue. We provide all these links in your online account.
If your business trade requires a license, you’ll have to apply for a license with the New Hampshire licensing board. (Most businesses don’t.) But if you do, these quick links and contact details are in your online account.
Some local cities or counties have a general license, but most don’t.
You obtain a local trade license if the city or county you’re going to be working in requires it.
If you’re going to have an office or shop you might need an approval from the city zoning for your type of business in that location.
If you get overwhelmed, just get your business pulling in money and worry about regulations later.
Are You A Do-It-Yourselfer? You Can Save Some Money:
If you want to start a business in New Hampshire yourself, you can just hire us as your New Hampshire registered agent, and you’ll instantly have the New Hampshire LLC or corporation forms to file along with filing instructions on the quickest, cheapest, and most efficient way to incorporate a New Hampshire corporation or form a New Hampshire LLC. You’ll get the ongoing support of our online tools, reminders and the support of a professional New Hampshire registered agent service.START YOUR NEW HAMPSHIRE BUSINESS TODAY
New Hampshire LLC vs Corporation
LLCs tend to be popular among small to medium-sized business owners because they have fewer meeting and recordkeeping requirements and more tax options. Large business owners typically go for corporations. Having the option to sell stock really helps attract top investors.
What about New Hampshire? Any pros and cons for a New Hampshire LLC vs a NH corporation?
In terms of initial filing fees and maintenance costs there aren’t any differences between a New Hampshire LLC versus a New Hampshire corporation. The Articles of Incorporation and Certificate of Formation will both require a $100 payment. Also, LLCs and corporations are required to submit an annual report ($102) each year and list officer/director or member/manager information.
During tax season, both entities will be treated fairly equally. All New Hampshire businesses are subject to the Business Enterprise Tax (BET)—based on total compensation paid out, including dividends and interest—and the Business Profits Tax (BPT), which is based on annual income. Currently, these rates sit at .60% and 7.7%; however, after December 2021, these may increase. In addition, the state assesses a 5% tax on interest and dividend income that exceeds $2,400.
Multi-member LLCs have strong protection in New Hampshire. Creditors may obtain a charging order and put a lien on the debtor’s interest; however, they can’t order the LLC to make distributions. Definitely something to consider when starting a New Hampshire LLC.
If you want a corporation, you file New Hampshire Articles of Incorporation:
The New Hampshire articles of incorporation cost $100 with the New Hampshire Department of State.
We custom draft your New Hampshire articles of incorporation when you hire Northwest to start your New Hampshire business.
The basic requirements of New Hampshire corporations are:
- An incorporating New Hampshire ending such as Inc, corporation, or incorporated
- A corporation purpose is optional
- An amount of New Hampshire corporation shares you would like to authorize
- A statement that “The sale or offer for sale of any ownership interests in this business will comply with the requirements of the New Hampshire Uniform Securities Act (RSA 421-B)”
- The name, address, and signature of the New Hampshire corporation incorporator(s)
- The NH registered agent of the proposed New Hampshire corporation
New Hampshire requires original signatures on new NH corporation filings. If your articles of incorporation are approved, the Department of State will mail you a file stamped copy.
Start Your New Hampshire Business!GET STARTED
If you want a LLC, you file New Hampshire Articles of Organization:
To form a New Hampshire LLC, you file New Hampshire articles of organization, known in New Hampshire as the Certificate of Formation. The filing fee for a NH LLC Certificate of Formation is $100.
The basic requirements of New Hampshire LLC filings are:
- The business name must have a limited liability company ending or variation of it.
- New Hampshire LLCs name must be different than already registered New Hampshire companies.
- Duration of the New Hampshire LLC. You may state a perpetual existence or a specific date of dissolution.
- The New Hampshire limited liability company must have a specific purpose.
- The New Hampshire registered agent and the physical address.
- Whether the limited liability company is to be managed by one or more managers.
- A statement that “ the sale or offer for sale of any ownership interests in the business will comply with the requirements of the New Hampshire Uniform Securities Act (RSA 421-B)”
- The articles must be signed by a member or manager. If the LLC is manager-managed, a manager must sign. If the LLC is member-managed, a member must sign.
New Hampshire requires original signatures on NH LLC filings. You’ll get a stamped copy of the certificate of formation mailed back to you after the state approves your filing.