NH LLC – How to Form an LLC in New Hampshire [5 Easy Steps]

Forming an LLC (Limited Liability Company) in New Hampshire is easy and affordable. The following are few procedural steps on how to start an LLC in New Hampshire. LLCs can be formed in two ways, domestic and/or foreign. If you are planning to set up an LLC in states other than New Hampshire, visit How to Start an LLC.

New Hampshire LLC

How to Start a New Hampshire LLC

Suppose you’re planning to invest in some profitable type of business or maybe about to set up your corporation in New Hampshire. In that case, forming an LLC in New Hampshire is the simplest form of business for you. Having LLCs is much better as it reduces the owner’s personal liability for company or business debt.

An LLC or a Limited Liability Company a hybrid business entity combining a corporation’s characteristics with a partnership or sole proprietorship. This section gives you a step-by-step guide on How to Start an LLC in New Hampshire. 

Step 1: Decide a Name for Your LLC

name llc

If you are to start an LLC in New Hampshire, the first thing you do is decide on a business or company name, and how to name your LLC may be tricky. Thus, you have the option to choose a name that complies with the New Hampshire business naming requirements. It must also be easily searchable for potential clients. Here is a step-by-step guide to follow when naming your New Hampshire LLC. 

Why do you need a proper business name?

If you want your LLC to have special identification, your company name is essential. However, many people face lots of issues by avoiding focus on choosing a business name for their LLC business formation filings.

Because of this, here are some of the major benefits of choosing the best LLC corporate names.

  • To help establish a company’s presence in the market, a proper business entity type will help you. This also creates a new identity that will resemble your LLC.
  • After you’ve properly chosen the name for your LLC, you will have no problems finishing the registration process.
  • You can only get the EIN number when you have your name registration certificate with you.
What are the requirements when deciding a name for your LLC? 

name search is vital to make sure your business’ name is unique. Check the availability of your name with Business Entity Search on the New Hampshire Secretary of State’s website. Reserve the name by completing the Name Reservation Request Form for Domestic Entities.  

  • Don’t include words that could confuse people about your company. Words like ‘treasury, state department.’
  • You should also avoid restricted words like ‘bank, attorney, university,’ because they may require a lawyer and more paperwork.
  • As for a business website and your URL name, check if your name is still available for domain use with NameCheap.
Reserve a business domain

Even if you don’t have plans to set up a website today, it will help if you buy a domain to avoid others from using your name for their website, so do visit NameCheap for your domain name and Kinsta for web hosting.

If you have decided on your URL name and have reserved it, set up a professional email account with Google GSuite.  

Step 2: Assign a Registered Agent in New Hampshire

get registered agent

A registered agent, or business entity, is a person that will act or work on your behalf. This person or business will receive significant tax forms, legal forms, formation documents, any internal document, a notice of lawsuits, and other official government correspondence in New Hampshire. Choosing New Hampshire-registered agent for service of process for your LLC is required. 

Make sure your registered agents are residents of New Hampshire having a physical street address. It could also be a business with an office address. Here are the recommended agents and employees for you:

LLC Service

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These five LLC formation services are recommended agents’ registered services as they are authorized to conduct business in New Hampshire. Compare them to check the best yet cheapest option for you. Besides, these professional service providers can guarantee you the best services to their potential customers because they have been running a successful business for years. 

Step 3: File Certificate of Formation in New Hampshire

file formation certificate

A Certificate of Name Reservation is needed to file a Certificate of Formation, as other states call it. You need to make reports of this certificate with the New Hampshire Secretary of State, which costs $100. You may file them online or by mail. 

This Certificate of Formation is a legal document needed to form your business officially. It will indicate details about your LLC in New Hampshire, like if it is a member-managed or managers-managed. LLCs with employees need to check the guidelines from the New Hampshire government portal on how to hire employees.

Before you start filings, you must already have your LLC name and registered agents or employees. You will attach a copy of your Name Reservation Certificate along with a list of the services that your New Hampshire LLC will offer.

How to File Online

Go to the Secretary of State Online Service. Select “non-subscriber.” Fill out the online form. The website will alert you if your county does not support online filings after selecting your principal county.

How to File by Mail

If you prefer filing real-life forms for your New Hampshire LLC registration, then you can download the New Hampshire Limited Company Certificate of Formation. Read the form thoroughly and fill it out. It will have to fill, among others,  your name, city, state, zip code, and signature. 

Step 4: Create Your New Hampshire LLC Operating Agreement

create operating agreement

A comprehensive operating agreement is a document that legally outlines the proprietorship and operating procedures of your LLC This document is vital as it ensures that all business owners are on the same page regarding how they operate, thus reducing future conflicts. 

Starting an LLC in New Hampshire does not require you to have an operating agreement, but it is ideal to have one that contains all your details of business operation.

Step 5: Filing a New Hampshire LLC EIN

The Employer Identification Number or, simply, the E.I.N. is a nine-digit number given by the Internal Revenue Service (IRS) to make it easier to identify types of business for tax purposes. It is like a Social Security number dedicated to a business. 

It is also called a Federal Employer Identification Number (FEIN) or a Federal Tax Identification Number (FTIN). You will need this number for tax filing and to determine tax classification options.

Mail to:

Internal Revenue Service

Attn: EIN Operation

Cincinnati, OH 45999

Fax: (855) 641-6935

Fee: Free

After Starting your New Hampshire LLC 

After forming your LLC, there are still some things that you will need. Take note of the following:

  • Get a company business account
  • File New Hampshire business permits & licenses
  • Get liability for business insurance with coverage for employees
  • File a New Hampshire LLC annual report or biennial report
  • Already existing LLCs that wish to operate in New Hampshire must register as a foreign New Hampshire LLC.  

This page has provided you with steps to LLC formation and filing processes. You now have to remember upcoming filing deadlines and filing fees or filing costs, including fees for late filings to make sure your LLC is up-to-date.  

Why an LLC in New Hampshire

With more than 7,000 new and 40,000 active LLCs, New Hampshire is ranked as one of the top states for providing a good business environment for start-ups. Along with that, the business funding options that a business can enjoy here are enormous, making New Hampshire for LLC far better than other states.

One can opt for a business credit card in New Hampshire if he has a business license or professional license. This will help them to balance personal and professional expenses. Some of the advantages that a business will enjoy in New Hampshire are discussed below.

No Residency Requirements

It benefits the people who want to start an LLC in New Hampshire but belongs to other states. In New Hampshire, to start an LLC, a person doesn’t have to have a house in the state. It is legally not required for any owner and member to own a house in Hampshire, and without that, only one can start an LLC with all the required licensing and paperwork as asked by the state government.

Section 304-C allows flexibility

According to section 304-C in the bylaws, every member who is a part of New Hampshire LLC will have a fixed share in both profits and losses. This share will be decided based on the contribution that they make during the starting of the LLC.

Brownfield’s Revolving Loan Funds 

All the new LLC that have just started their journey in New Hampshire can participate in this program of the government of Hampshire. Under this program, the selected companies will be pushed by the government, and they will help them achieve their goals. For this, they are ready to provide financial help, which is required by most businesses. The CDC manages this program, and the fund is provided by the US Environment Protection Agency, under which every new and eligible LLC can get a loan of up to $600,00.

New Hampshire Opportunity Zone

All the LLC start-up should know that there are 27 zones in the states that are selected to be a part of the opportunity zone. Government motivates the LLCs to start their business in those areas so that they can also establish well and grow. For that, tax incentives are offered on the investment that is made in those opportunity zones by LLC in New Hampshire.

Capital Regional Development Council Fund 

There are many loans managed by CRDC, which are provided to the start-up companies. A maximum amount of $200,000 is provided as a loan to the LLCs who have a unique idea and are looking for funds around.

Top 3 Businesses in New Hampshire

If you look at New Hampshire, then many businesses are established in the state and earning well. But there are a few industries that are contributing vast amounts to the state. Knowing these businesses and the state’s economy will be good for you if you want to form an LLC in New Hampshire. So, let’s get started.

Manufacturing

The advanced manufacturing sector of New Hampshire is known for developing high technology devices and machinery. The industry is enormous enough to pay around 10 % of the whole state’s wages to its employees and has more than 19% of the workforce under them. Toward the New Hampshire economy, the manufacturing sector’s contribution is $9.51 billion, accounting for 11% of the state’s GDP.

Healthcare Sector Businesses

New Hampshire is known for the high-end research institutions and facilities available for the biomedical field. That is why the people are willing to get treated in New Hampshire industry due to the reliable treatments and high-quality services. Also, according to the state’s age statistics, the number of aged people in the state is moré than working-class adults.

All these factors are leading to a boom in the healthcare business. They are now able to contribute around 9% or $9.14 billion to the New Hampshire industry.

Tourism Sector

The tourism sector of New Hampshire is diverse from ancient times, and the reason behind it is its golden history and scenic views. There are different lake regions and snow-covered mountains with sea coast attracting many people from around the world.

The contribution of this sector is around 3.87 billion dollars which includes the accommodation of people, restaurant business, recreational activities, and entertainment.  Also, tourism supports the leasing and real estate sector as many properties are owned or leased by people who want to spend their holidays in New Hampshire.

Some best small scale business ideas best for New Hampshire state are:-

  • Rubber and plastic production
  • Tourist guides
  • Daycare and learning classes

New Hampshire LLC Formation Review

Time needed: 30 minutes.

 Just to recap, here are the easy guides again when forming an LLC in New Hampshire. Click on the steps in this list to read the full detail.

  1. Name your New Hampshire LLC

    The first thing you must do is to choose a company name, which should include the phrase “limited liability company,” or one of its abbreviations (LLC or L.L.C.).
    name llc

  2. Choose a registered agent

    In New Hampshire, it is mandatory to select a registered agent for your LLC. You can check out our list of our 5 Best LLC Services in the United States.
    get registered agent

  3. File a formation certificate

    Filing a formation certificate is necessary when forming an LLC. Depending on the state, it could be called any of the following: Certificate of Formation, Articles of Organization, or Certificate of Organization.
    file formation certificate

  4. Create operating agreement

    An operating agreement is not a strict requirement but something encouraged when you start an LLC.
    create operating agreement

  5. Get an EIN

    The Employer Identification Number (EIN), also called  Federal Tax Identification Number, serves to identify a business entity like a social security number but for a company.
    get an ein

F.A.Qs

What is the difference between ‘domestic LLC’ and ‘foreign LLC’?

A “domestic LLC” is one that conducts business in a state where it was formed. Meanwhile, a “foreign LLC” is an existing LLC that extended business to another state.

What do I need for Domestic and Foreign LLCs?

For Domestic LLCs, it is vital to have a Certificate of Name Reservation and Certificate of Formation. For the foreign LLCs, you must have a Certificate of Good Standing.

Is the cost to form an LLC the same across states?

The cost to form an LLC varies per state.

Does an LLC need to use a DBA?

Seldom do L.L.C.s use D.B.A. or a ‘Doing Business As’ name nor a fictitious business name. However, if you want to have one, you make read more about DBAs here

Why are operating agreements important?

This document is vital as it ensures that all business owners are on the same page regarding how they operate, thus reducing future conflicts.

Is there anything else I should keep in mind when naming my LLC?

>Your name should have “L.L.C. or LLC” or the phrase “limited liability the business.” 
>Do not include words that could create confusion between your LLC and any government business. 
>Words like ‘bank, attorney, university’ are restricted as well. 
>Lastly, your name should distinguish from other limited liability corporations, limited partnerships, or registered limited liability partnerships.

Where can I file my LLC name?

Typically, you can file your LLC name online or by mail. Check with the state where you will set up your LLC name. Take note that the fees for business names may also vary per state.  

How can I know if my URL name is available?

As for a website and your URL name, check if your name is still available for URL use with NameCheap to see if your name is available as a web domain. Even if you don’t have plans to set up a website today, it will help if you buy a URL. Buying it can help to prevent others from getting your name; check out WPEngine, Kinsta, and GoDaddy for hosting and building your website. 

Can I mail the LLC Certificate of Formation to the Secretary of State?

No. Never mail these documents or payments to the Secretary of State directly. 

Why do I need an EIN?

The reason you might need an E.I.N. is that it would help for three reasons:
>Opening a business bank account
>Filing and managing federal and state taxes
>Hiring employees or agents

How do I get an EIN when I do not have a Social Security number?

You are not required a Social Security number when getting an EIN You can proceed to fill out I.R.S. Form SS-4 and leave section 7b blank. You must then call the IRS at (267) 941-1099 to complete your application. Agents or employees will help you with that.

I already have an EIN for a sole proprietorship; what now? 

Note that an LLC is different from a sole proprietorship. If you already have an EIN for your sole proprietorship, the IRS will require you to get a new one when your convert to an LLC. 

Do foreign applicants need an SSN to get an EIN?

International EIN applicants do not need an SSN to get an EIN.

What is an IRS?

The IRS is the one that will issue your EIN. You can request an EIN from the IRS ONLINE or download the FORM, fill it out, and send it by mail or fax.

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