There was a time when one of the major industries in New Hampshire was shipbuilding and then in the late 19th century, cotton and woollen mills became one of the drivers of the economy. On the other hand the shipping industry grew by 79% from 1992 and thus the state became home to Tyco International, a Fortune 500 company. Today, a start-up company in New Hampshire can be established in several different industries including durable goods manufacturing, services, retail trade, and wholesale trade. Agriculture is also quite a large industry, wherein dairy farming and dairy products contribute to almost 31% of the state’s total agricultural receipts.

Business Growth Incentive for New Businesses

The big question is why should you register a new company in New Hampshire? Yes, the economy and the infrastructure are key factors but what about benefits? The good news is that there are a lot of advantages and benefits that your business can derive. Let’s look at some of the basic advantages that an LLC or business corporation can leverage:

Advantage#1: The benefits of Incorporation or LLC formation

Corporation

• Tax Credits: There are several programs implemented by state government agencies and are aimed at helping businesses save through tax credits. Some of the top programs include:
  – New Market Tax Credits: If you register a new business in New Hampshire as a Corporation, your business entity can be eligible for the “New Market Tax Credits” program. The program has been initiated by the Capital Regional Development Council (CRDC) and is partnered with Coastal Enterprises.
  – The New Hampshire Research and Development Tax Credit: Your business can benefit from this tax credit if it is involved in research and development. Tax credits are applicable to research and development costs and can be carried forward for up to 5 years.
• Federal taxation: If you register a new company in New Hampshire as an S corporation then the corporation or firm will not pay any income tax. Instead, each shareholder or owners in the company will be liable to pay tax on their personal tax returns.
• Independent life: When you register a new business in New Hampshire as an S Corporation, it will enjoy an independent life. This means that the incapacitation or death of a stockholder will not have a negative impact on the business operations.

LLC

• Flexible Profit Distribution: A start-up company in New Hampshire LLC has the benefit of being able to select different ways of distribution of profits unlike a partnership where the distribution is 50-50.
• Brownfields Revolving Loan Fund (RLF): If you register a new company in New Hampshire as an LLC, you can participate in this program. Every start-up company requires some amount of financial aid to help push their goals forward and this program can just be the right one for you. The “Brownfields Loans” as it is known is being funded by the US Environmental Protection Agency and managed by CRDC. You can benefit from a maximum loan amount of $600,000.
• Limited Liability: As an owner of a New Hampshire LLC, you will be able to enjoy limited liability protection quite similar to what a corporation enjoys.

Advantage#2: New Hampshire Business Incentives

Once you register a new company in New Hampshire, there are several business incentives and programs that your company can benefit from. Let’s take a look at some of the most popular programs:

• New Hampshire Opportunity Zones: There are 27 low-income census tracts that have been nominated as opportunity zones in the state. The biggest benefit of registering your start-up company in New Hampshire in such a zone is tax credits. You can benefit from tax credits or tax incentives for making investments in these areas. Check MAP.
• Regenerative Manufacturing Tax Exemption: If your business qualifies for this program because it is involved in regenerative manufacturing then it will be exempted from the Business Enterprise Tax (BET) and the Business Profits Tax (BPT) for a period of 10 years.
• Capital Regional Development Council Funds: A start-up company in New Hampshire can benefit from a variety of business loans managed by CRDC, if they qualify. These loans are targeted at new and growing New Hampshire businesses. The maximum loan amount is $200,000. Some of the other loan programs managed by CRDC include the Bradford Loan Fund and the Sullivan County Loan Fund.

Are there any Disadvantages of Incorporating in New Hampshire?

The state of New Hampshire provides small and medium sized businesses with good transportation infrastructure, skilled workforce, several types of grants and loans, tax incentives, and Economic Revitalization Zone tax credit programs among others. What disadvantages could possibly be there for a start-up company in New Hampshire? In reality there are none except those that come with the type of business you register. For instance, processing of incorporation can be time consuming and require more paperwork. Also an LLC has the disadvantage of having a limited life. These are small disadvantages as compared to the many benefits that the state offers.

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Once you have registered your business entity in New Hampshire, the next step is to check if your business requires a license or a permit. A business license is required in most of the states for a variety of businesses but then on the other hand, not all businesses require a license to operate.

Businesses and individuals in New Hampshire require professional and occupational licenses or permits and some of the key state business permits and licenses include:

• Food services licensing
• Environmental permits
• Liquor Licensing
• Meals and rental tax license
• Child care or day care licensing
• Hotels and lodging establishments

How to Get a Business License in New Hampshire

Where and how do you apply for a company license in New Hampshire? Are permits required for your business entity? Does the business entity require a single license or multiple permits or licenses? Who is the issuing authority for these licenses or permits? The only way to answer these questions is by understanding the process of business licensing.

Here is a step-by-step approach towards acquiring a business license in the state of New Hampshire:

Step#1: The Industry or Business Type

How would you know what type of business or professional license is required to operate in New Hampshire? The type of industry or the activities of a business entity helps in identifying the type of business license required.

Let’s take a look at some examples to understand this better:

• Retail Food Establishments – This includes Restaurant, Food Store, Food Service, Mobile Food Units, and Bed and Breakfasts. A business license in New Hampshire is issued by the Division of Public Health Services, Department of Health and Human Services (DHHS). So, if you are planning to establish your business in the food establishment industry then you will require a license to be issued by the DHHS.
• Child Care – This includes Family Child Care Homes, Group Child Care Centers, Family Group Child Care Homes, Child Care Nurseries, Night Care Programs, School Age Programs, and Residential Child Care Programs. A New Hampshire company license is issued by the Child Care Licensing Unit (CCLU).
• Liquor or Tobacco Retail – Some of the types of businesses under this category or industry that are issued a business license in New Hampshire include Liquor Store, Cigar Bar, Liquor and Wine Manufacturer, Wholesale Distributor, Restaurant Cocktail Lounge, and State Fairs among others. The documents required for the license varies according to the:
  – Type of business, for example LLC, corporation or Limited Liability Partnership etc.
  – Type of event or service like cocktail lounge or Social Club etc
  The license is issued by the New Hampshire Liquor Commission, Division of Enforcement.

Step#2: Licenses issued by City/County

If your business or industry type doesn’t fall under a statewide license then you will have to check with the local city or county office. A New Hampshire company license can also be issued by local counties or cities in which the business is located. Let’s look at an example to understand how this works.

If you are planning to transact your business in the City of Manchester, NH then you will require a business license for specific types of services or activities. Some of the services licensed here include farmer’s markets, pawnbrokers, motels, retail stores for merchandise or equipment, taxicab companies, carnivals, entertainment, etc. The fee for obtaining the license will vary according to the activity your business specializes in. You would be required to apply with the Business Licensing & Enforcement Division, Office of the City Clerk. Sample Business License Application

It is important to understand that each city will have different license requirements, fees, and application procedures.

Step#3: Issuance of a Business License

How is a business license in New Hampshire issued? You have to identify the following to complete the process:

1. The type of business or industry
2. Do you need a license or a permit?
3. Will it be issued by the state or the city?

Once you have identified the above, all you need to do is either download the application online or contact the concerned state department or city of clerk office.

It is important to note that a business license or permit will have to be renewed annually unless specific dates have been mentioned, to keep the business operational.

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Once your company is set up, you will need:

1. Tax ID (EIN) – free over the Internet or phone.
2. Yearly Requirements and Fees for New Jersey companies – Statement of Information is an initial statement of officers or member/managers that must be filed with the New Jersey Secretary of State within 90 days after filing original articles, and every year thereafter in the applicable filing period. For LLCs there is an addition Franchise Tax that is $800.00 per year. The first payment must be made within 3 months of your LLC.
3. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

New Jersey additional services

• Registered Agent
• Annual Report
• EIN (Tax ID)
• More Additional Services

• Why New Jersey?
• New Jersey Registered Agent
• New Jersey Annual Requirements
• New Jersey Corporation Statutes: Relevant statutes include: New Jersey Business Corporation Act, Title 14A, Title 15 Corporations and Associations Not for Profit, Title 56 Trade Names, Trademarks, and Unfair Practices

• Why New Jersey?
• New Jersey Registered Agent
• New Jersey Annual Requirements
• New Jersey LLC Statutes: Title 42 Partnerships and Partnership Associations

Pricing $89.00 per year, special for pre-pay $40 per year

Don’t get fooled by companies claiming the lowest price and increasing it later. Our pricing is very simple. We charge $89 per year. We also have few specials. Whenever you decide to pre-pay additional years you get them for $40/year.

Why you need a Registered Agent?

New Jersey State laws require business entities to maintain a Resident Agent in the state that you form your business. The agent’s name and office address are included in the Articles of Incorporation or Articles of Organization to give public notice of where to send important documents to your business entity.

If you need Registered agent in other State than New Jersey click here.
We offer Registered Agent service in all 50 States.

State Fee for changing New Jersey Registered Agent

Change of Registered Agent/Registered Office/Resignation: $25.00.

Registered Agent Requirements

The registered agent in New Jersey must maintain a business office that is identical to the registered office and must be either: (1) a natural person at least 18 years old and residing in the state, or (2) a corporation with authority to transact business in the state.