How Much Does an LLC Cost in New Hampshire? (2024)

Starting an LLC in New Hampshire is exciting, but let’s discuss the costs.

To get your LLC up and running, you’ll pay about $102, which covers the filing fee for the Certificate of Formation, plus an annual report fee of $100 to keep your LLC active each year.

But there could be more.

You might need to budget for a few more things, like registered agent services, reserving your LLC name and DBA, and getting any required licenses or permits.

Let’s break down the costs of starting your LLC in New Hampshire!

How Much Does an LLC Cost in New Hampshire?

Starting an LLC in New Hampshire involves several costs.

Here’s a breakdown of the main expenses you can expect:

• Certificate of Formation:
  $100-$102 when filed online. This is a one-time fee paid to create your LLC.
• Registered Agent Fee:
  $100-$300 annually, depending on whether you act as your agent or hire a service.
• LLC Name Reservation:
  Up to $15 to reserve your LLC name before filing.
• Annual Report:
  $100 each year. This report must be filed with the state to keep your LLC in good standing.
• Certificate of Good Standing:
  Around $5. This document may be needed for banking or business contracts.
• Doing Business As (DBA):
  Fees can vary but typically range from $50-$52, depending on how you file.
• Licenses and Permits:
  Costs vary based on your business type. You may need specific licenses to operate legally.
• Taxes:
  LLCs may be subject to various local and state taxes. Research these to understand your obligations.

LLC Costs in New Hampshire (Formation Fees)

Below is a table with the required fees you may encounter while forming an LLC in New Hampshire.

New Hampshire LLC Requirements	Cost
LLC Business Name Search	$0
Certificate of Formation	$102
Operating Agreement (optional)	$0 (with Northwest)
EIN Number	$0 (free from IRS)
Annual Report	$100/annually
LLC Name Reservation Fee (optional)	$15
Certificate of Good Standing (optional)	$5
Foreign LLC Registration (optional)	$100
Fictitious Name (DBA) (optional)	$50
Taxes	Varies
State Business License Fees	Varies
Registered Agent Services (optional)	$0-$125 (Northwest)
LLC Formation Services (optional)	$39
Total LLC Costs in New Hampshire	$202 – $536

Total LLC costs in New Hampshire range from $202 to $536. If you do everything yourself and skip the optional extras, you might only spend around $202.

However, if you decide to pay for additional services and requirements, your costs could go up to between $400 and $536.

The first mandatory expense is the $102 fee for the Certificate of Formation, which is crucial for officially establishing your LLC. You will also need to budget for the annual report, which costs $100 annually.

Now, let’s discuss the optional costs.

Additionally, conducting an LLC business name search is free, and obtaining an Employer Identification Number (EIN) is free from the IRS. An Operating Agreement is recommended but can be obtained at no cost using services like Northwest.

You may also want a Certificate of Good Standing, which costs $5. Registering a foreign LLC in New Hampshire incurs a fee of $100. Operating under a different name (DBA) costs $50.

Regarding registered agent services, you can either act as your own agent at no cost or hire a professional service, which typically ranges from $100 to $300.

New Hampshire LLC Business Name Search Cost ($0)

Before you start your LLC, it’s important to check if your desired business name is available. In New Hampshire, you can perform this name search for free.

The business name search tool can easily be found on the New Hampshire Secretary of State’s website.

A good name is crucial for your business branding. Make sure it stands out and reflects what you do. Checking name availability before filing your LLC saves you time and potential fees later.

If your first choice isn’t available, try variations or consider adding words like “LLC” or “Inc.” Remember that the name must be unique and not too similar to existing businesses.

Once you have a name you like, you’ll be ready to move forward with the LLC formation process. Remember, this name search does not cost you anything, making it a simple first step in starting your business.

New Hampshire Certificate of Formation ($102)

To start your LLC in New Hampshire, you must file the Certificate of Formation. This document is essential as it officially creates your LLC. The filing fee for this certificate is $102 when submitted online.

You can complete this process easily through the New Hampshire QuickStart website. Online filing is the most efficient option, streamlining your business’s setup.

Once your Certificate of Formation is filed, processing usually takes about one to two weeks. If there are any issues with your submission, this could delay the approval.

The processing time for New Hampshire LLC depends on the filing method. If you file online, expect your New Hampshire LLC to be approved in 7-10 business days. If you file by mail, approval takes 3-5 weeks.

LLC Operating Agreement Cost in New Hampshire ($0 with Northwest)

Creating an LLC Operating Agreement in New Hampshire is straightforward. If you choose to go with Northwest Registered Agent, you can get this important document for free.

An LLC Operating Agreement outlines how your company will operate, details the roles of its members, and helps prevent future conflicts. Having one is a smart step, even though New Hampshire state does not require it.

Here are a few benefits of having an Operating Agreement:

• Clarity: It defines responsibilities and decision-making processes.
• Protection: It shields your assets if the business faces legal issues.
• Flexibility: You can customize the agreement to fit your LLC’s unique needs.

Registered Agent Fee ($0-$300/year)

In New Hampshire, you have options for your registered agent, affecting your overall LLC costs. You can act as your registered agent in NH without any fees. Just provide your name and address, making it a straightforward choice if you’re comfortable handling correspondence.

If you prefer professional help, hiring a New Hampshire registered agent typically costs between $100 and $300 a year. These services ensure compliance and help keep your personal information private.

For example, LegalZoom charges about $249 annually, while ZenBusiness offers its service for $199 per year.

A solid option is Northwest Registered Agent. They provide free registered agent services for the first year when you use them to form your LLC. After that, their charge is $125 annually, which is competitive and offers good value.

EIN Cost in New Hampshire ($0 from the IRS website)

If you’re starting an LLC in New Hampshire, you need to get an Employer Identification Number (EIN). The good news is that applying for an EIN is completely free.

You can obtain your EIN directly through the Internal Revenue Service (IRS) website. This process is simple and quick, often allowing you to receive your number immediately after applying online.

It’s important to be cautious of third-party websites that may charge you for this service. These sites often offer the same EIN application process you can complete for free on the IRS site.

New Hampshire Annual Report ($100/annually)

Every Limited Liability Company (LLC) in New Hampshire must file an annual report each year. The fee for this report is $100. This report is important for keeping your business status active.

Your annual report is due by April 1 each year. If you miss this deadline, your LLC may face penalties. It’s always best to file on time to avoid any issues.

If there are no changes to your business or principal information, you can use the One Click option to file online. This makes the process quick and easy. You can also request a paper form from the Department of State if you prefer to mail it in.

LLC Name Reservation Fee in New Hampshire ($15)

In New Hampshire, you can reserve your LLC name for a fee of $15. This process ensures that your chosen name is protected while you prepare to form your LLC.

The name reservation is valid for up to 120 days. This gives you time to finalize your business plans without worrying about someone else taking your name.

To reserve an LLC name, you need to complete a specific form online. This form is known as the LLC Name Reservation (Form 1). You can easily find it on the New Hampshire Secretary of State’s website.

While reserving a name is not required, it can be a smart choice. If you have a unique name in mind, securing it could save you from potential conflicts later on.

Remember, the reservation fee is separate from other formation costs, like filing the Certificate of Formation. By paying this fee, you ensure that your business name is held for your use during the formation process.

Fictitious Name/DBA Cost in New Hampshire ($50)

If you want to operate your business under a name different from your legal entity, you need to file for a DBA, also known as a fictitious name. In New Hampshire, the cost to register a DBA is $50.

This fee covers your initial application. A DBA does not create a separate legal entity; it simply allows you to use a trade name. Registering your DBA protects your business name within the state.

Once you register your DBA, it expires after five years. To keep using the name, you must renew it. A renewal also costs $50 and should be done at least six months before your current registration expires.

The New Hampshire Secretary of State sends out a notice when it’s time to renew.

You can renew online or submit a paper application. Completing the DBA registration process is straightforward and can be done through the Secretary of State’s office.

Make sure to fill out the application form correctly. You’ll need to include details like your new fictitious name and information about your business. It’s important to print your forms on 8.5″ x 11″ paper in black ink.

New Hampshire Certificate of Good Standing ($5)

In New Hampshire, a Certificate of Good Standing is an important document for your LLC. This certificate shows that your business is in good standing with the state. It confirms that your LLC has met all required filings and fees.

Ordering the certificate is simple. You can get it for $5 by mail or $7 if you order online. Many business owners choose to order online for convenience.

To obtain your Certificate of Good Standing, you can use the New Hampshire QuickStart website or mail your request. If using the online option, follow the instructions for payment and provide the necessary details about your LLC.

New Hampshire Foreign LLC Registration Fee ($100)

If you want to register a foreign LLC in New Hampshire, you’ll need to pay a state filing fee of $100. This fee applies whether you file on paper or online. However, if you choose to file online, the fee increases slightly to $102.

As a foreign LLC, you must submit an Application for Registration as a Foreign Limited Liability Company to the New Hampshire Department of State. This application collects essential details about your business.

You should also appoint a registered agent in New Hampshire. This agent will act as your company’s point of contact in the state. Make sure the registered agent has a physical address in New Hampshire.

It’s important to gather all required documents before submitting your application. This can include proof of your LLC’s formation in its home state.

New Hampshire State Business License Fee (varies by business type)

New Hampshire does not require a general state business license for all types of businesses. This makes it unique compared to many other states. You might not need a seller’s permit or a sales and use tax permit to sell tangible goods.

However, your LLC may still need specific licenses and permits based on your business activities.

For instance, if your LLC sells prepared food or tobacco, you will likely need a state license. Similarly, if you provide communication services, a license is generally required.

New Hampshire LLC Taxes (varies)

When your LLC operates in New Hampshire, it’s important to understand the tax landscape. LLCs are generally treated as pass-through entities.

This means you report profits on your tax returns.

• Federal Income Tax: You’re responsible for federal taxes based on your income.
• Business Profits Tax: This applies to LLCs earning over a certain amount.
• Business Enterprise Tax: A tax on your business’s gross receipts.
• Interest and Dividend Tax: This may apply to your income and is set to be phased out by 2027.
• Self-Employment Tax: Covers Social Security and Medicare contributions.

New Hampshire does not have a general sales tax. However, employers must pay certain employer taxes. If your LLC has employees, consider payroll tax obligations.

Your LLC taxes can vary widely based on your industry and business activities. For example, if you own property or have a significant income, additional taxes may apply.

New Hampshire LLC reinstatement fee ($135)

If your Limited Liability Company (LLC) in New Hampshire has been dissolved, you can reinstate it by paying a fee of $135. This fee applies if you are within 120 days of the dissolution date.

After this period, the process can become more complicated and costly.

If you apply after the 120-day window but within three years, you can still reinstate your LLC. Be aware that fees may accumulate based on missed annual reports.

If the reinstatement occurs within 120 days and you have no unpaid reports, you only need to pay the $135 fee. However, if you let time pass, the total could reach $435 depending on how many reports were missed.

New Hampshire LLC dissolution fee ($35)

When you decide to dissolve your LLC in New Hampshire, there is a fee involved. The cost for filing the documents to officially dissolve your LLC is $35.

To complete this process, you need to file the Certificate of Cancellation. This document lets the state know that your LLC is ending. You can submit this form online, by mail, or in person.

Make sure to include important details, such as your LLC name and the date of dissolution. If you fail to file, your LLC could still incur fees, so it’s best to handle this step promptly.

You can mail the form to the following address:

New Hampshire Secretary of State
Corporation Division
PO Box 2054
Concord, NH 03302-2054

New Hampshire LLC Change of Registered Agent fee ($15)

If you need to change your registered agent for your LLC in New Hampshire, the fee is $15. You must submit this amount when you submit your change request to the state.

The registered agent is important because they receive official documents and legal papers on behalf of your business. It’s crucial to have a reliable agent to ensure you don’t miss any important notices.

To make the change, you can file your request with the New Hampshire Secretary of State’s office. You can pay the fee using a check or credit card.

What is the Cheapest Way to Start New Hampshire LLC?

To start an LLC in New Hampshire, you have a couple of options. The most common method is to file the Certificate of Formation, which is the official document needed to create your LLC.

Filing online through the New Hampshire Secretary of State’s website costs $102. If you choose to file by mail, the fee is $100. Although the difference is small, mailing can take longer, which may not suit everyone.

You might consider handling everything yourself to save on legal or formation fees.

Many resources, including guides and templates, are available online. This DIY approach can help avoid extra charges from lawyers or LLC incorporation services.

However, doing it yourself comes with its own challenges. You need to understand the requirements and ensure you fill out the forms correctly. One small mistake could lead to delays or added fees to fix your application.

Additionally, while saving money is important, you should think about the time and effort involved in doing it all on your own. If you feel unsure, spending a little more on professional help might save you headaches later on.

So, the cheapest way to start your LLC is to file the Certificate of Formation online yourself. Just be cautious about the responsibilities that come with it.

Should You Use an LLC Formation Service in New Hampshire? (here’s why)

When starting an LLC in New Hampshire, you might wonder if using a formation service is the right choice for you. It can offer several benefits that make the process smoother.

• Compliance Support: Services like Northwest Registered Agent help ensure you stay compliant with state rules by managing paperwork and deadlines, reducing your stress, and allowing you to focus on your business.
• Privacy Protection: Formation services often include registered agent services, keeping your address off public records, and enhancing your privacy by securing your home address.
• Expert Guidance: Many services offer free access to LLC formation experts and attorneys, providing peace of mind with readily available help for any questions or issues you may encounter.

It depends on your comfort level with handling legal paperwork and your budget. Weighing the convenience against the cost will help you decide if a formation service is right for your LLC.

Frequently Asked Questions

Is New Hampshire a good state to form an LLC?

New Hampshire is often considered a good state for forming an LLC due to its low fees and flexible business regulations. The state has no sales tax and no personal income tax, which can be beneficial for business owners.

What are the benefits of an LLC in New Hampshire?

An LLC provides limited liability protection, meaning your assets are safe from business debts. Additionally, LLCs in New Hampshire enjoy flexible management and tax options.

How much does it cost to reinstate an LLC in New Hampshire?

If your LLC is administratively dissolved, the cost to reinstate it is $135. You will also need to apply for reinstatement to reactivate your business.

How much does it cost to dissolve an LLC in New Hampshire?

Dissolving an LLC in New Hampshire costs $35. This fee is required when filing the Certificate of Dissolution with the Secretary of State.

Do I need to hire an attorney to form an LLC in New Hampshire?

You do not need to hire an attorney to form an LLC. Many people handle the process themselves by following the official guidelines and using available resources.

Should I hire an LLC formation service in New Hampshire?

Hiring an LLC formation service can be helpful if you prefer assistance with filing paperwork or if you want to ensure that everything is done correctly. This option can save time but may involve extra costs.

Are there penalties for paying my fees late in New Hampshire?

Yes, if you do not pay your fees on time, your LLC can incur penalties. Late fees may apply, and your LLC may also face administrative dissolution.

What happens if I do not file my New Hampshire LLC annual report?

If you fail to file the annual report for your LLC, you may face penalties. This can lead to the dissolution of your LLC if you do not address the issue promptly.