LLC Cost in New Hampshire – How Much to Pay for an LLC

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Perhaps you are hoping to form an NH LLC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in New Hampshire.

New Hampshire LLC Cost of Filing

Here are the costs involved in forming an LLC in New Hampshire.

Cost of Filing Formation Certificates

The New Hampshire Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the New Hampshire Secretary of State

New Hampshire Domestic LLC

  • Online Filing costs $150.
  • Annual Report filing costs $100
  • Name Reservation fee costs $15
  • By Mail: Fill out the application form, and send it to Corporation Division, NH Dept. of State, 107 N Main St, Rm 204, Concord, NH 03301-4989. Costs $150.

New Hampshire Foreign LLC

  • Online Filing costs $150.
  • Annual Report filing costs $100
  • Name Reservation fee costs $15
  • By Mail: Fill out the application form, and send it to Corporation Division, NH Dept. of State, 107 N Main St, Rm 204, Concord, NH 03301-4989. Costs $150.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

New Hampshire LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in New Hampshire, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the New Hampshire Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes Payable to New Hampshire Department of Revenue

The registration of the LLC in Hampshire is possible by following a simple step-by-step procedure. You can file for your LLC by mail as well as online.

The business taxes that An LLC has to pay in New Hampshire are: 

State Income Tax

State Income tax is levied on all the income you make from your LLC, & your earnings are taxed through your personal tax return. The standard income tax rate in New Hampshire is 5%. One can apply for all the standard allowances and deductions while filing the Income Tax Return.  

State Sales & Use Tax 

There are five states in the USA which do not levy sales & use tax. New Hampshire is one of them, which means while filing for your LLC, you don’t have to pay sales & use tax.

Federal Self-Employment Tax

Federal Self Employment Tax or Social Security or Medicare tax has to be paid by all the LLC members. The Federal self-employment tax rate in New Hampshire is 15.3 percent. 

Federal Income Tax

Similar to the State Income Tax, the Federal Income Tax also depends upon your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing.

The Federal Income Tax is levied on all the profits your LLC makes after all the deductions & allowances, such as Healthcare or Retirement Plans, are calculated.

Employee & Employer Taxes

An LLC that has many employees working under it has to pay Employee-Employer taxes. Such tax can be calculated on the basis of various factors, e.g., the amount, number of employees, etc.

Cost Comparison between states

New Hampshire has many neighboring states, namely Maine, Massachusetts, Vermont, etc. Let us take a look at the different rates of taxes levied on LLCs in this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
New Hampshire$100$100None
Maine$250$605.5%
Massachusetts$520$5006.25
Vermont$100$156%

In addition to the taxes listed above, there can be many other taxes or costs charged on an LLC in your region. Kindly consult with a finance professional in your region to verify the tax rates or business costs of registering an LLC in New Hampshire.

Other Costs

How Much Does It Cost to Maintain an LLC in New Hampshire

Regardless of your business’ size and location, LLCs require a yearly fee to remain in good standing. While many states charge a one-time filing fee, there are also ongoing costs associated with operating a company in New Hampshire. While the annual fees vary from state to state, there are some consistent costs. In New England, the annual registration fee for an LLC is $100. A registered agent service is available in New Hampshire for a nominal fee.

A registered agent is required for an LLC in New Hampshire. The registered agent will typically charge additional service fees. There are three main online services that provide registered agents to their customers. Additionally, businesses in New Hampshire must obtain a business license and/or permit, which may cost between $100 and $600. These licenses and permits are required for any type of business, but the fees vary depending on the type of business. For information on these licensing and registration requirements, contact the New Hanover Department of Revenue. To file and maintain your LLC in the state, you can use an online filing system or mail in the paperwork.

An operating agreement must be signed by all members of the LLC. These documents lay out the rules and regulations that apply to the company. This is essential if you want to avoid future disagreements about ownership. An operating agreement will also keep your business’s records organized. A well-written operating agreement will protect your interests against unforeseen financial issues, such as litigation over payment of a debt. You should sign up for an operating agreement before filing.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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