If you already have an LLC in another state and want an NH LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in New Hampshire.
On this page, you’ll learn about the following:
- Forming an New Hampshire Foreign LLC
- Steps to Register your New Hampshire Foreign LLC Online
- After Forming New Hampshire Foreign LLC
Forming an New Hampshire Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in New Hampshire, you need to register it with the New Hampshire Secretary of State.
Step 1: Choose New Hampshire Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the New Hampshire Secretary of State. Your LLC’s legal name outside of New Hampshire will be listed on the application, along with the name it will use in New Hampshire. Take note of the requirements for naming your LLC.
Step 2: Select New Hampshire Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in New Hampshire and take note that a New Hampshire registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of New Hampshire Foreign LLC
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in New Hampshire
- Date when your LLC will start operations in New Hampshire.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in New Hampshire, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your New Hampshire Foreign LLC is taxed
Foreign LLCs are also subjected to the New Hampshire Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Register your New Hampshire Foreign LLC Online
Time needed: 5 minutes
If you want to set up your foreign LLC in the State of New Hampshire, you are required to register your Limited Liability Company with the Secretary of State office in the state. The State offers both online and offline methods of filing. The cost of application for Certificate of Authority in New Hampshire is $100.00. You shall receive a Certified Copy from the Secretary of State office after the approval of your business LLC documents. We have explained the aspects you need to cover when you apply for the New Hampshire Foreign LLC.
- Visit the Official website of the New Hampshire Secretary of State
Go to the Business page on the New Hampshire Secretary of State website. The website offers advanced options and online services for different business requirements. On the page, click on the option of ‘Create a New Business’.
- Create your Account on the NH QuickStart
The New Hampshire Secretary of State website hosts an NH QuickStart portal as a one-stop solution to different business filings. If you already have an account on the NH QuickStart, proceed to log in by filling in your username and password. If you do not have an account, click on the ‘Create a Free Account’ tab.
- Enter your details
On the Create account page, select whether the account is a business account or an individual account. Next, provide your personal details such as First and Last Name, Street address, contact details, and email address. Next, click on the ‘Continue’ tab. On the next page, create your login details, i.e, Username, and Password. Proceed to the account confirmation page.
- Proceed to complete your application
Login to your NH QuickStart account. On the user homepage, select the option of ‘Business Services’. Next, click on the ‘Create a Business Online’ option. Select the relevant option for Certificate of Authority for a New Hampshire foreign LLC and fill in the required details. Follow the instructions and State guidelines while completing the application form.
- Review the Application
before submitting your Certificate of Authority Application to the State authorities, review all the information entered by you in the form thoroughly to be correct and accurate to your knowledge.
- Make the payment
On the final page, make the payment of $100.00 as the filing fee for your Application for Certificate of Authority with the New Hampshire Secretary of State office.
You shall receive a notification from the State office after successful completion and payment of your business application. Your application should be processed within 5 to 10 business days from the date of filing your Certificate of Authority application.
Filing your New Hampshire Foreign LLC Certificate of Authority by Mail
You can also file your New Hampshire Certificate of Authority via mail. Download the Application form PDF on your system. Read the instructions and guidelines mentioned in the form. Proceed to fill in the form as per the given directions. You can also attach the name reservation certificate with the form. Make the check of $100.00 payable to the ‘State of New Hampshire’ as the filing fee. Send all the documents to the following mailing address, Corporation Division, NH Dept of State, 107 N Main St, Rm 204, Concord, NH 03301 – 4989.
After Forming New Hampshire Foreign LLC
Here are added things you need to accomplish after forming your New Hampshire Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form a foreign LLC in New Hampshire.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in New Hampshire.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in New Hampshire as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
How Much Does It Cost to Register a Foreign LLC in New Hampshire
To register as a foreign LLC in New Hampshire, you can file through mail or online by paying a filing fee of $100 to the New Hampshire Secretary of State.
One significant cost to be aware of is the filing fee associated with foreign LLC registration in New Hampshire. Like many states, New Hampshire imposes a fee for LLC formation, and foreign LLCs are no exception. While this fee may vary depending on the state, it is essential to research and accurately calculate all associated costs to avoid any surprises.
Apart from the filing fee, foreign LLCs may also need to consider the expenses for obtaining a Certificate of Authority. This certificate essentially grants a foreign LLC permission to do business in New Hampshire and is a vital document when operating within the state’s borders. Navigating the process of acquiring a Certificate of Authority will likely require additional fees, which should be factored into the projected costs of registering a foreign LLC.
Furthermore, it’s vital for entrepreneurs to keep in mind other costs that may arise during the process of registering and establishing a foreign LLC in New Hampshire. Hiring legal counsel, such as an attorney or a registered agent, can provide valuable assistance during the entire formation process. Although this undoubtedly adds to the expenses, their expertise can help navigate the potential complexities and legal requirements involved in establishing a foreign LLC.
Another cost to consider is compliance. Foreign LLCs must comply with New Hampshire’s regulations, including annual fees, taxation requirements, and ongoing reporting obligations. These costs can accumulate over time and should be accounted for in business plans to ensure the financial feasibility and sustainability of the venture.
Understanding and analyzing the costs associated with registering a foreign LLC is a crucial step in successful business planning. Without proper consideration, overlooking these expenses can lead to financial setbacks, hinder growth, or even jeopardize the business’s existence. Therefore, thorough research and accurate budgeting become indispensable before finalizing any decision to establish a foreign LLC in New Hampshire.
Several resources are available for entrepreneurs to gain valuable insights and guidance on this topic. Government websites, chambers of commerce, and professional business consultants can provide comprehensive information on the associated costs, documentation requirements, and mandatory obligations regarding foreign LLCs.
In conclusion, when considering the costs of registering a foreign LLC in marvellous New Hampshire, it is indispensable to account for the filing fee, expenses associated with acquiring a Certificate of Authority, legal counsel fees, compliance costs, and ongoing reporting and taxation obligations. By conducting thorough research, understanding the requirements, and accurately estimating the expenses, aspiring entrepreneurs can pave the way for a successful venture in the state.
Starting a foreign LLC in New Hampshire does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.