How much does it cost to set up an LLC in New Hampshire?
To form a New Hampshire Limited Liability Company, file the Certificate of Formation with the New Hampshire Secretary of State, Corporation Division. The LLC filing fee is $125 when filing in person, $102 when filing online, and $100 when filing by mail.
How do I form an LLC in NH?
How to Start an LLC in New Hampshire
- Choose a Name for Your LLC. …
- Appoint a Registered Agent. …
- File a Certificate of Formation. …
- Prepare an Operating Agreement. …
- Obtain an EIN. …
- File Annual Reports.
How long does it take for an LLC to be approved in NH?
If you file by mail, your New Hampshire LLC will be approved in 1-3 weeks. If you file online, your New Hampshire LLC will be approved in 3-7 business days.
How do I register my LLC?
Steps to Form an LLC
- Choose a name for your LLC.
- File Articles of Organization.
- Choose a registered agent.
- Decide on member vs. manager management.
- Create an LLC operating agreement.
- Comply with other tax and regulatory requirements.
- File annual reports.
- Out of state LLC registration.
How much does it cost to register a business name in NH?
To file your trade name, you must fill out the Application for Registration of a Trade Name and submit it to the New Hampshire Secretary of State. The filing fee is $50. Your business may need to obtain business licenses or professional licenses depending on its business activities.
What is the difference between professional LLC and LLC?
PLLCs offer the same benefits as LLCs. The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs.
Can I be my own registered agent in NH?
A New Hampshire business cannot act as its own registered agent. Your agent must be an individual or another business. This means you can be an agent for your business, but your LLC or corporation itself cannot be the agent.
How are LLCs taxed in New Hampshire?
By default, LLCs themselves do not pay income taxes, only their members do. … These taxes are paid to the New Hampshire Department of Revenue Administration (DORA). You can find forms for both tax returns (Form BET and Form NH-1065) on the DORA website. You can also file these returns online using an efile system.
Do you need a business license in NH?
The State of New Hampshire does not have a general, state-level business license. Instead, business licenses are mandated at the local level. https://www.nh.gov/government/ – click on the county where your LLC is located and then call them about license and/or permit requirements for your business.
What is better LLC or sole proprietorship?
Most LLC owners stick with pass-through taxation, which is how sole proprietors are taxed. However, you can elect corporate tax status for your LLC if doing so will save you more money. … However, due to the combination of liability protection and tax flexibility, an LLC is often a great fit for a small business owner.
What is LLC considered?
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
What is a LLC corporation?
A Limited Liability Company (LLC) is a business structure allowed by state statute. … Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members.