New Hampshire Business Facts
New Hampshire is a state with a small market and slow economic development. Nevertheless, The Granite State remains attractive to various businesses because it has no sales or personal income taxes. Moreover, the location of New Hampshire, which is close to greater New England, gives solid opportunities to budding entrepreneurs. in 2018, the SBA reported that 99% of all businesses in New Hampshire were small businesses.
Major Companies Headquartered in New Hampshire
C&S Wholesale Grocers, Keene State College, Timberland, Standex International, Mt, Albany International and C&S Careers are just some of the top businesses headquartered in New Hampshire.
New Hampshire is a business-friendly location to many startups because of factors such as low tax burden, per capita personal income that is above average, and the state’s close proximity to big markets.
There are 3 basic options: a DBA, a Corporation or an LLC. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in New Hampshire, but we highly recommend you do the following before searching New Hampshire state databases:
NOTE: Familiarize yourself with the New Hampshire naming guidelines. LLC entity names need to contain the words Limited Liability Company or the abbreviation LLC, and certain words are restricted or prohibited.
Restrictions on New Hampshire Business Name & Business Purpose
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in New Hampshire.
How to form an LLC in New Hampshire
How to Incorporate in New Hampshire
NOTE: When registering a new company the Secretary of State can take several weeks to file the paperwork. You can expedite the process by hand delivering the documents directly to them or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long New Hampshire is currently taking to process regular and expedited orders.
How to File a DBA (Trade Name Registration) in New Hampshire
Optional Considerations when registering a New Hampshire business
Ready to register a business in New Hampshire?
Sure, you could do all the steps above or you could spend 5-10 minutes on our order form and let us take care of it while you work on more important things.
Your EIN is like your Social Security Number for your company. It’s required for Corporations and LLC’s and optional for DBA’s (if you don’t have any employees, then it’s required). However, if you are a DBA and don’t obtain an EIN you will be forced to use your Social Security Number on many documents so it’s typically recommended you obtain the EIN to prevent identity theft.
To obtain an EIN you can apply online with the IRS or via IRS Form SS-4.
TIP: We will obtain your EIN for you if you we form your company.
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork, b) your EIN and c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
Top 5 Major Banks in New Hampshire
Click here to view a list of our recommended banks in our Vendor Network.
TIP: Our business formation service includes a free banking resolution for your use.
Setup your Accounting and Record-keeping system and learn about the taxes your new company is responsible for paying.
Company documents generally are required to be kept for 3 years, including: a list of all owners and addresses, copies of all formation documents, financial statements, annual reports, amendments or changes to the company. All Tax and Corporate Filings should be kept for at least 3 years. View our “Accounting & Financial Management” section for help with setting up an accounting system and purchasing accounting software.
Review our list of Accountants, Accounting Software and Bookkeepers in our Vendor Network.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We work with a company that can obtain and prepare business licenses and permits for you. Click here to learn more.
If you intend to hire yourself or others as a full or part-time employee of your company, then you may have to register with the appropriate State Agencies or obtain Workers Compensation Insurance or Unemployment Insurance (or both). View our “Employees & Payroll” section for help with hiring employees and processing payroll.
Review our list of recommended Payroll Providers in our Vendor Network.
There are many types of insurance for businesses but they are usually packaged as “General Business Insurance” or a “Business Owner’s Policy”. This can cover everything from product liability to company vehicles. A decent policy can run as little as $300/year and offers a great extra level of protection. Click here to view our preferred provider of business insurance online.
Click here to view our list of insurance providers in our Vendor Network.
Prepare the business as if someone needed to take it over and run it for you. This means have a method to process orders, pay bills, pay employees, pay taxes, maintain your permits, etc. Basically, try to make the operational aspect of the business as automated and efficient as possible so you can concentrate on growing your business. View our “Manage Your Company” section for help with systemizing and automating your business.
Now that you’ve set-up the company for success, you need to get the word out. Create a marketing plan for your products and services that targets your ideal customer. View our “Marketing & Sales” section for help for more information.
DBA: Your Trade Name registration should be valid for 5 years (unless you change company name or other information listed on the FBN) at which point you’ll need to renew it with the county.
LLC: New Hampshire corporations are required to file a Periodic Report with the New Hampshire Secretary of State on or before April 1 of each year, in addition to general taxation. Information on your business’s taxes can be found here.
Corporation: Business in New Hampshire should file a report annually, due on or before April 1, with the Secretary of State of New Hampshire. LLCs and Corporations will pay a filing cost of $102.
Click here to view our MyCompanyWorks Premium™ service which can automate most or your ongoing compliance tasks.
New Hampshire Secretary of State
Corporation Division (for Corporation and LLC filings)
107 North Main Street
Concord, NH 03301-4989
Metro Area Phone: 603-271-3246
New Hampshire Taxation Departments
New Hampshire Labor and Employment Departments
New Hampshire Startup Resources
1. Small Business Administration (SBA) New Hampshire District Offices
2. SCORE New Hampshire
3. New Hampshire Legal Statutes
4. New Hampshire Chambers of Commerce
5. New Hampshire Business One Stop
6. New Hampshire Angel Investors
7. New Hampshire Business News
9. New Hampshire Small Business Development Center
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