Some of the top businesses that set up company in New Hampshire include C&S Wholesale Grocers, Standex International, Albany International, Anvil International, Timberland, CatholicMedNH, and Concord Hospital among others. One of the fastest growing sectors in New Hampshire is the service industry and incidentally, it is one of the largest as well. There are 4 major sectors within the service industry that has grown in leaps and bounds and this includes Health care services, Business services, Engineering and management services, and Educational services.
Why Choose New Hampshire for Incorporation?
Why has there been a rise in incorporation in New Hampshire especially of small and medium sized enterprises? This is more so because the state provides a stable and growing economy. The economy of the state has had a major shift from the traditional manufacturing of textiles to diversification into wholesale and retail trade, tourism, and technology.
Now let’s take a look at some of the salient benefits that are responsible for fuelling growth of small businesses:
- Coos County Job Creation Tax Credit: This is a program that was enacted through the 2008 session of the New Hampshire Legislature (House Bill 1644). You have to apply to the Department of Revenue Administration, NH to benefit from the tax credit. If you set up company in New Hampshire, you can avail of this credit against taxes due on account of taxable periods ending on and after June 9, 2008. This credit is applied against the Business Enterprise Tax initially as well as the Business Profits Tax. Any unused portions of this tax credit can be carried forward for a period of 5 years. Application Form
- Direct Financial Incentives: There are several direct financial incentives that you can benefit from post company incorporation in New Hampshire. These financial incentives are being made available by the New Hampshire Business Finance Authority (BFA) and the most popular financial incentives for business include:
– Concord Regional Development Corporation (CRDC)
– The New Hampshire Community Loan Fund
– Economic Revitalization Zone Program
– Job Grants Program
– Procurement Technical Assistance Program (PTAP)
How do you incorporate in New Hampshire?
What is the process of incorporation in New Hampshire? What type of documentation is required? These are some of the common questions that you will be confronted with if you planning to start a new business in the state. The following steps will enable understanding of the entire process:
The first step towards incorporation in New Hampshire is choosing the type of business you want to form. You can choose to form an LLC or a Corporation. The type of business entity you want to form can be domestic or foreign entity. The forms and fee will be different for each type of entity.
Business Entity Name
One of the most important steps towards incorporation in New Hampshire is naming your business entity. You have to start by identifying, searching, reserving, or registering the business entity name. There are 3 steps towards business name formation and they are:
- Naming Requirements: A corporation under RSA 293-A:4.01-02 and an LLC under RSA 304-C:32 or RSA 304-C:177 should contain words like “corporation”, “incorporated”, “limited liability company” or abbreviations like “corp.”, “inc.”, “ltd.”, “L.L.C.” or similar abbreviation.
- Business name search: You need to search for a business name that is not in use currently. You can conduct name search here.
- Name Reservation: Once you have identified business entity name, and if the name is available then you can reserve the name by submitting Form_1_(09-2015) for Reservation of the Business Entity Name. The form for reservation of name has to be submitted with the Office of the Secretary of State and it will be effective for a period of 120 days.
Choose a Registered Agent
Whether you form a corporation or an LLC business entity, in order to transact business in the state of New Hampshire, you will have to maintain a registered agent pursuant to NH Rev Stat § 304-C:36 (2013) for LLC and NH Rev Stat § 293-A:5.01 (2014) for Business Corporations.
We are one of the respected registered agents in New Hampshire and will be responsible towards initiating incorporation in New Hampshire through processing of your “Certificate of Formation”, and “Articles of Incorporation” for domestic entities and “Application for Registration” or “Certificate of Authority” for foreign business entities.
Articles of Incorporation and Certificate of Authority
You will be required to submit “Articles of Incorporation” if your business is a domestic corporation and a “Certificate of Authority” if it is a foreign business entity. In order to streamline the process of incorporation in New Hampshire, we can file documents on your behalf through the online process or through expedited process.
Date Stamped Copies
As a part of the process of company incorporation in New Hampshire, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.
Costs and Fees associated with New Hampshire Incorporation
What would it cost to set up company in New Hampshire? Check Fees here!