Incorporate In New Hampshire

The Granite State has an economy primarily based on agriculture, tourism, and manufacturing.

New Hampshire is attractive for investments thanks to its extensive granite queries, and the largest ski mountains on the East Coast.

Benefits of incorporating in New Hampshire:

Protection of personal assets

When incorporating in the New Hampshire, foreign entrepreneurs should feel confident knowing that their personal assets are protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.

Ability to open bank account

Forming a company is the first step for a non US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and EBay considered you more qualified as a vendor.

Enhanced credibility

Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.

Your corporate name can boost your brand

New Hampshire requires that C-corps and LLCs not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you choose a unique C corp or LLC name. A distinctive corporate name enhances your company’s reputation and also helps protect the identity of your brand.

Tax flexibility and benefits

New Hampshire C-corps are subject to corporate income tax based on their net revenue. LLCs will be subjected to taxes based on its members’ personal revenue. However, every business entity is subjected to a composite tax applied only if the sum of Payroll, Property, and sales or receipts exceeds $500 000.

Residency Requirements

New Hampshire does not have any residency requirements. Owners and directors do not need to live in state to legally operate a New Hampshire company. Before your firm is legally eligible to operate make sure you possess all the required business licenses, permits, and tax registrations. Inc. Plan can help you stay in compliance with state law.

Other incorporating requirements

New Hampshire C-corps and LLCs and LLCs must have at least one member. The names and addresses of members are not required to be disclosed to the state. There are no age restrictions on owners of C-corps or members of LLCs.

Requirements for forming an LLC in New Hampshire:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance on an ongoing basis.

Name requirements for LLCs

LLCs must contain the terms “Limited Liability Company” or the abbreviations “LLC” and “L.L.C.”

LLC filing requirements

Entrepreneurs looking to form LLCs in New Hampshire must file a certificate of formation with the state. New Hampshire LLCs must file an annual report due between January 1st and April 1st. The filing fee for the annual report is $100.

Required information for the Certificate of Formation

The Certificate of Formation must contain the name and address of a registered agent who resides in New Hampshire and who is available to manage legal and tax business documentation. For more help with the incorporation filing or registered agent services, feel free to contact Inc. Plan (USA).

LLC taxes and fees

New Hampshire LLCs are subject to a Business Enterprise Tax and a Business Profits Tax. The Business Enterprise Tax is calculated based on the enterprise value tax base (all dividends, compensations, and interest) at a 0.75% tax rate. Companies with a value tax base under $75 000 do not pay this tax. Also, The Business Profits Tax is calculated at an 8.5% rate based on the income generated in New Hampshire. Firms with gross income under $50 000 are not imposed the Business Profits Tax.

Requirements for forming a C corporation in New Hampshire:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C corporations established in New Hampshire are as follow:

Name requirements for C corporations

New Hampshire allows businesses to include the terms “Corporation,” “Incorporated” or “Limited,” along with their abbreviations in the name of a corporation.

Filing requirements in New Hampshire

Entrepreneurs looking to form C-corps in New Hampshire must file articles of incorporation with the state. In subsequent years, C corps must file an annual report by April 1seteach year. The filing fee for the annual report is $100.

Required information for the Article of Incorporation

The Articles of Incorporation must list of the company’s authorized shares and their assigned par value. C corps must also include the name and address of a registered agent with a physical address in New Hampshire. Inc. Plan (USA) can help you with the necessary filings and also with qualified registered agent service.

Taxes and fees requirements

All corporate entities are charged a Business Enterprise Tax and a Business Profits Tax. The Business Enterprise Tax is calculated based on the enterprise value tax base (all dividends, compensations, and interest) at a 0.75% tax rate. Companies with a value tax base under $75,000 do not pay this tax. The Business Profits Tax is calculated based on revenue generated in state. The business profit tax rate is 8.5%. Firms with gross incomes under $50,000 are not subject to a Business Profits Tax.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.

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