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

To maintain an LLC in New Hampshire you will need to pay an annual fee of $100 along with income tax at 5% and federal taxes.

When it comes to how much does it cost to maintain an LLC in New Hampshire, there are many things to consider. The costs will depend on your business’s industry and location. For example, if you’re selling products, you’ll need to register for sales taxes. Businesses in the service sector may also need to register for use and service taxes. Also, some municipalities or state organizations may charge you a fee for applying for a license. While some permits only require payment once, others can be paid on an ongoing basis.

Some states require that you reserve your LLC name for a certain period of time. This can be up to 120 days. In addition, you’ll have to pay a $15 filing fee and a $5 certificate of good standing. Depending on your needs, it’s possible to reserve your business name for free. You may also need to hire an attorney to do so.

There are several other requirements you must fulfill to keep your business up and running. First, you’ll need a registered agent. A registered agent is a person who can receive legal mail on behalf of your business. They’ll also help you protect your privacy. Typically, this costs around $125 per year. It’s a must for any small business.

Additionally, you will need to form an operating agreement. An operating agreement is a written contract between the members of an LLC that covers how the business is run. This can be made with a lawyer or online business advisory. Depending on your budget, you can have an agreement created for between $500 and $2,500.

Another requirement you’ll have to meet is to file an annual report. These reports are required to be filed by April 1 of every year. The report contains updates about your LLC’s owners, members, and registered agent. If your company is new or changed, it’s a good idea to update these records. Your business’s Annual Report can be filed online or by mail. However, it’s recommended that you submit your report in person to avoid delays.

Another hefty expense you’ll need to handle is paying your business taxes. New Hampshire law requires that you pay a Business Enterprise Tax for businesses with annual gross incomes of $92,000 or more. Those who don’t pay can face serious penalties. Other fees you’ll likely need to pay include payroll, sales, and self-employment taxes. Fortunately, there are plenty of resources available to help you navigate the process. Whether you need advice or help completing your paperwork, the Small Business Development Center can provide you with the information you need.

Finally, you’ll have to find a business license. Every type of business has specific requirements. Depending on your industry and location, you may need to pay a fee for a license. Many permits are payable on a yearly or monthly basis, while others only need to be renewed once. Sometimes, the cost of a permit can be substantial, but sometimes it’s just a small one-time fee.

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.

In Conclusion

The cost of New Hampshire is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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