New Hampshire Business Facts
New Hampshire is a state with a small market and slow economic development. Nevertheless, New Hampshire 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.
Major Companies Headquartered in New Hampshire
New Hampshire is the headquarters of many major companies including C&S Wholesale Grocers, U.S. Food and Drug Administration, Ocean Properties, Keene State College, and Standex International.
New Hampshire is a business-friendly location to many startups because of factors such as low taxes, per capita personal income that is above average, and the state’s close proximity to big markets.
There are 3 basic options: a Corporation, LLC or DBA. 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 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.
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
TIP: Our business formation service includes a free banking resolution for your use.
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.
DBA: Your Fictitious Business Name 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.
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
5. New Hampshire Business One Stop
6. Angel.co New Hampshire Startups
7. New Hampshire Business News
9. New Hampshire Small Business Development Center
Wow loved it thankyou! I dreaded making this for a month thinking it would be a hassle. It wasn't thanks to you guys!
Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.
IMPORTANT: We are open and have resources for small businesses to get help with Covid19!