Start a Free LLC in New Hampshire
LLC Register forms your free New Hampshire LLC, serves as your New Hampshire registered agent and keeps your LLC in good standing. New Hampshire charges $100 to file the Certificate of Formation with the New Hampshire Department of State.

New Hampshire LLC
- New Hampshire LLC Formation
- Free
- New Hampshire LLC Name Search
- Free
- New Hampshire Registered Agent
- $99 per year
- Annual Compliance
- Free
- New Hampshire State Filing Fee
- $100
Transparent Cost Guide to Form a New Hampshire LLC with LLC Register
Every fee, line by line. The state fee is passed through at cost; there is nothing else to add at checkout.
| Cost item | LLC Register fee | New Hampshire state fee | Estimated total | One-time or annual |
|---|---|---|---|---|
New Hampshire LLC name search | $0 | $0 | $0 | Free |
New Hampshire LLC business name generator | $0 | $0 | $0 | Free |
New Hampshire LLC formation (certificate of formation) | $0 | $0 | $0 | Free |
New Hampshire registered agent | $99 | $0 | $99 | Annual |
New Hampshire LLC compliance (annual report) | $0 | $100 | $100 | Annual |
New Hampshire state filing fee | $0 | $100 | $100 | One-time |
New Hampshire LLC formation and annual compliance are included with the $99 annual registered agent service. You also pay the $100 state filing fee required by the New Hampshire Department of State. That makes $199 in year one, and renewal is $99 per year, plus the $100 Annual Report fee paid to the state at cost.
Comprehensive 10-Step Guide to Form a New Hampshire LLC
From the name search to your first annual report, in the order you will do them.
Step 1 — Choose a compliant New Hampshire LLC name
Your New Hampshire LLC name must contain "Limited Liability Company" or an abbreviation such as "LLC," "L.L.C." or "L. L. C." It must be distinguishable from every other name on file with the Department of State. Check that your name is available with the free New Hampshire Department of State business name search before you file.
Name reservation: for $15 with Form 1; the reservation lasts 120 days
Step 2 — Select a registered agent in New Hampshire
Every New Hampshire LLC must name a registered agent to receive legal papers and state mail. Your registered agent must be a New Hampshire resident individual, or a qualifying New Hampshire corporation, LLC or LLP, whose address matches your registered office exactly. LLC Register's New Hampshire registered agent service is $99 a year and includes LLC formation and annual report filing.
Required by the New Hampshire Limited Liability Company Act, RSA Chapter 304-C
Step 3 — Decide how the New Hampshire LLC will be managed
Member-managed LLCs are run by their owners; manager-managed LLCs appoint managers to run the business. You choose the structure when you file the Certificate of Formation and set the details in your operating agreement.
Member-managed or manager-managed
Step 4 — File the Certificate of Formation with the New Hampshire Department of State
Submit the Certificate of Formation (Form LLC-1) and pay the $100 state filing fee. You can file online through NH QuickStart, by mail, or in person (walk-in) at the State House Annex in Concord. Mailed filings take about 7–10 business days. Online filings are faster, and walk-in filings are typically processed the same day. Expedited filing is available for $25 extra ($125 total) with same-day walk-in filing at the State House Annex. We prepare and file it for you.
State fee: $100 · File online: NH QuickStart
Step 5 — Create an LLC operating agreement
New Hampshire does not require an operating agreement, and you never file one with the state. New Hampshire law recognizes a written or oral agreement among the members. Ours is included and ready to sign.
Included with LLC Register
Step 6 — Obtain an EIN or FTIN
Get your federal Employer Identification Number from the IRS. It is free, and applying online gives you the number right away. You need it to hire employees, open a business bank account and file federal taxes; owners without a Social Security number apply with Form SS-4.
Free from the IRS · Form SS-4
Step 7 — Open a business banking account
Keep business and personal money apart to protect your limited liability. Banks usually ask for your filed Certificate of Formation, your EIN and your operating agreement.
Bring your formation document, EIN and operating agreement
Step 8 — Register for New Hampshire taxes, permits and licenses
New Hampshire has no general state sales tax, so there is no sales tax permit to register for. Before you hire, register with New Hampshire Employment Security for an unemployment insurance account; New Hampshire has no wage withholding tax to register for. Check with your city and county for local business licenses.
Tax agency: New Hampshire Department of Revenue Administration
Step 9 — Consider other LLC documents
Such as a banking resolution, a Certificate of Good Standing ($5), or foreign qualification if you operate in other states. If you use a brand name other than your LLC's legal name, file a Trade Name Registration (Form TN-1).
Certificate: $5 · DBA: $50
Step 10 — Set reminders for annual compliance
New Hampshire requires the Annual Report every year. It is due between January 1 and April 1 every year. The first one is due by April 1 of the year after your LLC is formed. We track the deadline and file it on time while your agent service is active.
State fee: $100 · Annual
New Hampshire LLC Formation Facts Table
The official numbers, names and links for a New Hampshire LLC, each checked against the state agency.
New Hampshire LLC filing agency | New Hampshire Department of State, Corporation Division |
|---|---|
New Hampshire LLC formation document | Certificate of Formation (Form LLC-1) |
New Hampshire LLC filing fee | $100 |
Standard processing time | Mailed filings take about 7–10 business days. Online filings are faster, and walk-in filings are typically processed the same day. |
Expedited filing | Available for $25 extra ($125 total) with same-day walk-in filing at the State House Annex |
New Hampshire online LLC filing | quickstart.sos.nh.gov/online |
New Hampshire LLC name search | swyftfilings.com/business-name-generator |
Name reservation | Available for $15 with Form 1; the reservation lasts 120 days |
New Hampshire registered agent required | Yes |
Registered agent address rule | Your registered agent must be a New Hampshire resident individual, or a qualifying New Hampshire corporation, LLC or LLP, whose address matches your registered office exactly. |
Can you be your own registered agent | Yes |
New Hampshire registered agent service | /registered-agent/new-hampshire |
Annual or biennial filing | Annual Report, every year |
Annual report state fee | $100 |
First compliance deadline | By April 1 of the year after your LLC is formed |
Recurring due date | Between January 1 and April 1 every year |
Late filing penalty | Reports received after April 1 owe a $50 late fee. Continued failure to file can lead to administrative dissolution. |
Annual Report filing | quickstart.sos.nh.gov/online |
New Hampshire Business Enterprise Tax (BET) | New Hampshire charges a Business Enterprise Tax (BET) of 0.55% on compensation, interest and dividends paid, but only once gross receipts or the enterprise value tax base exceed $298,000. Below that threshold, an LLC owes and files nothing for the BET. |
State income tax on LLC profits | New Hampshire has no personal income tax on wages or business profits, but it taxes an LLC directly through the Business Profits Tax: 7.5% of business profits once gross business income exceeds $109,000. Any Business Enterprise Tax already paid is credited against the Business Profits Tax owed. |
Sales tax permit | Not required, New Hampshire has no general state sales tax, so there is no sales tax permit to register for, issued by New Hampshire Department of Revenue Administration |
Operating agreement required by law | No |
Newspaper publication required | No |
Series LLC allowed | No |
Professional LLC (PLLC) allowed | Yes |
Certificate of good standing fee | $5 (Certificate of Good Standing) |
Foreign LLC registration fee | $100 (Application for Foreign Limited Liability Company Registration (Form FLLC-1)) |
Amendment fee | $35 (Certificate of Amendment (Form LLC-3)) |
Dissolution fee | $35 (Certificate of Cancellation (Form LLC-7)) |
DBA (assumed name) filing | $50 (Trade Name Registration (Form TN-1)), filed with New Hampshire Department of State |
New Hampshire LLC law | gc.nh.gov/rsa/html/XXVIII/304-C/304-C-mrg.htm |
Free trademark search | trademarkengine.com/free-trademark-search |
Trademark registration | trademarkengine.com |
Virtual mailbox | snapmailbox.com |
Apply for an EIN (IRS) | irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number |
Author: LLC RegisterLast reviewed 9/30/2026
New Hampshire agency: New Hampshire Department of StateLast reviewed 9/30/2026
Legal Requirements to Start a New Hampshire LLC
What New Hampshire law requires of every LLC, with the rule and the agency that enforces it.
A distinguishable LLC name
Your New Hampshire LLC name must contain "Limited Liability Company" or an abbreviation such as "LLC," "L.L.C." or "L. L. C." It must be distinguishable from every other name on file with the Department of State. Search the name for free with the New Hampshire business name search before you file. You can reserve a name for $15 with Form 1; the reservation lasts 120 days. The rules come from the New Hampshire Limited Liability Company Act, RSA Chapter 304-C.
A New Hampshire registered agent
Every New Hampshire LLC must appoint and keep a registered agent in New Hampshire. Your registered agent must be a New Hampshire resident individual, or a qualifying New Hampshire corporation, LLC or LLP, whose address matches your registered office exactly. To change agents, file the Statement of Change of Registered Agent/Registered Office, filed through NH QuickStart ($15). LLC Register's New Hampshire registered agent service is $99 a year and includes LLC formation and annual report filing.
The Certificate of Formation
Your LLC exists once the New Hampshire Department of State accepts your Certificate of Formation (Form LLC-1) and the $100 filing fee. You can file online through NH QuickStart, by mail, or in person (walk-in) at the State House Annex in Concord. Mailed filings take about 7–10 business days. Online filings are faster, and walk-in filings are typically processed the same day. Expedited filing is available for $25 extra ($125 total) with same-day walk-in filing at the State House Annex.
An operating agreement
New Hampshire does not require an operating agreement, and you never file one with the state. New Hampshire law recognizes a written or oral agreement among the members. Even where it is optional, a written operating agreement sets ownership, voting, profit splits and what happens when a member leaves, and banks often ask for one.
Annual Report
New Hampshire requires every LLC to file the Annual Report every year for $100. It is due between January 1 and April 1 every year. The first one is due by April 1 of the year after your LLC is formed. Reports received after April 1 owe a $50 late fee. Continued failure to file can lead to administrative dissolution.
State taxes and licenses
New Hampshire charges a Business Enterprise Tax (BET) of 0.55% on compensation, interest and dividends paid, but only once gross receipts or the enterprise value tax base exceed $298,000. Below that threshold, an LLC owes and files nothing for the BET. New Hampshire has no personal income tax on wages or business profits, but it taxes an LLC directly through the Business Profits Tax: 7.5% of business profits once gross business income exceeds $109,000. Any Business Enterprise Tax already paid is credited against the Business Profits Tax owed. New Hampshire has no general state sales tax, so there is no sales tax permit to register for. See the New Hampshire Department of Revenue Administration for registrations.
New Hampshire LLC Company Cost Comparison
Published prices for forming and keeping a New Hampshire LLC, compared line by line.
| What you pay for | LLC Register | LegalZoom | ZenBusiness |
|---|---|---|---|
LLC formation service | $0 | $0 | $0 |
New Hampshire filing fee | $100 | $100 | $100 |
Registered agent, first year | $99 | $249 | $99 |
Annual report filing | $0 | $99 | $100 |
First-year total | $99 + state fee | $249 + state fee | $99 + state fee |
Registered agent renewal | $99 per year | $249 per year | $199 per year |
Competitor prices are for each company's lowest-priced LLC package, as published on its own website on September 29, 2026. The New Hampshire state fee is extra with every provider. Prices change; check each provider before you buy.
Why Form Your New Hampshire LLC with LLC Register
One price, the whole bill up front, and your LLC kept in good standing every year.
$99 a year. That is the whole price.
The same $99 at renewal, every year. No tiers to compare and nothing pre-checked at checkout.
Formation included
We prepare and file your Certificate of Formation with the New Hampshire Department of State. You pay only the $100 state fee, at cost.
A New Hampshire registered agent
A physical New Hampshire address for legal and state mail, with scans sent to you the same day.
Your annual compliance, handled
We track the New Hampshire deadlines and file your Annual Report on time while your agent service is active.
Every fee shown before you pay
The cost guide above is the bill. State fees are passed through at cost and never marked up.
Support by email
Real people answer your questions by email, before and after your New Hampshire LLC is formed.
Important New Hampshire LLC Resources and Links
Official New Hampshire offices, forms and data in one place. Every link goes to the source.
State government offices
- New Hampshire Department of State107 North Main Street, Concord, NH 03301-4989 (walk-in: State House Annex, Room 317, 25 Capitol Street, 3rd Floor, Concord, NH 03301) · (603) 271-3246
- New Hampshire Department of Revenue Administrationrevenue.nh.gov
- New Hampshire Employment Security (NHES)nhes.nh.gov
- NH QuickStartquickstart.sos.nh.gov
Filing, forms and records
Taxes, permits and licenses
New Hampshire business data and help
- Population and demographicsU.S. Census Bureau QuickFacts, New Hampshire
- Small business statisticsSBA Office of Advocacy, 2025 state small business profiles
- NH Small Business Development Center (University of New Hampshire)nhsbdc.org
- U.S. Small Business Administrationsba.gov
- SBA local assistanceFind SBA offices and advisors near you in New Hampshire
New Hampshire LLC FAQs
Short questions, direct answers about forming and running an LLC in New Hampshire.
How much does it cost to start an LLC in New Hampshire?
Per the New Hampshire Department of State, as of September 2026, New Hampshire charges $100 to file the Certificate of Formation. After that, the Annual Report costs $100 every year. With LLC Register, formation is included in the $99-a-year New Hampshire registered agent service, so year one costs $199.
How long does it take to form an LLC in New Hampshire?
Mailed filings take about 7–10 business days. Online filings are faster, and walk-in filings are typically processed the same day. Expedited filing is available for $25 extra ($125 total) with same-day walk-in filing at the State House Annex. Your LLC exists once the state accepts your filing.
How do I start an LLC in New Hampshire?
To start an LLC in New Hampshire, choose an available name, appoint a New Hampshire registered agent, and file the Certificate of Formation with the New Hampshire Department of State for $100. Then sign an operating agreement, get a free EIN from the IRS, open a business bank account and register for any state taxes. LLC Register files it for you as part of the $99-a-year registered agent service.
Can I form an LLC online in New Hampshire?
Yes. You can file online through NH QuickStart, by mail, or in person (walk-in) at the State House Annex in Concord. The Certificate of Formation costs $100.
What is the New Hampshire LLC formation document called?
In New Hampshire you form an LLC by filing the Certificate of Formation (Form LLC-1) with the New Hampshire Department of State. Other states call this document the articles of organization or the certificate of formation. The filing fee is $100.
Is there an expedited LLC filing option in New Hampshire?
Yes. Expedited filing is available for $25 extra ($125 total) with same-day walk-in filing at the State House Annex. Mailed filings take about 7–10 business days. Online filings are faster, and walk-in filings are typically processed the same day.
How do I do a New Hampshire LLC name search?
Use the New Hampshire Department of State's free online business name search to check whether your LLC name is available. Your New Hampshire LLC name must contain "Limited Liability Company" or an abbreviation such as "LLC," "L.L.C." or "L. L. C." It must be distinguishable from every other name on file with the Department of State.
What are the New Hampshire LLC name requirements?
Your New Hampshire LLC name must contain "Limited Liability Company" or an abbreviation such as "LLC," "L.L.C." or "L. L. C." It must be distinguishable from every other name on file with the Department of State. The rules are set by the New Hampshire Limited Liability Company Act, RSA Chapter 304-C.
Can I reserve an LLC name in New Hampshire?
Yes. You can reserve a name for $15 with Form 1; the reservation lasts 120 days. A reservation is optional; filing the formation document also secures the name.
Do I need a registered agent for my New Hampshire LLC?
Yes. Every New Hampshire LLC must have a registered agent. Your registered agent must be a New Hampshire resident individual, or a qualifying New Hampshire corporation, LLC or LLP, whose address matches your registered office exactly.
Can I be my own registered agent in New Hampshire?
Yes. A member or manager who resides in New Hampshire can serve as the registered agent as long as their address matches the LLC's registered office. Your address becomes public record, and someone must be there during business hours to accept legal papers.
Can I use a PO box for my New Hampshire LLC?
Not as your registered agent's address. Your registered agent must be a New Hampshire resident individual, or a qualifying New Hampshire corporation, LLC or LLP, whose address matches your registered office exactly. A PO box can usually serve as a mailing address, but the registered agent needs a physical address in New Hampshire.
How do I change my registered agent in New Hampshire?
File the Statement of Change of Registered Agent/Registered Office, filed through NH QuickStart with the New Hampshire Department of State. The fee is $15.
How much does a registered agent cost in New Hampshire?
Serving as your own New Hampshire registered agent is free if you qualify. Commercial registered agents charge a yearly fee. LLC Register's New Hampshire registered agent service is $99 a year and includes LLC formation and annual report filing.
Does New Hampshire require an annual report for LLCs?
Yes. New Hampshire LLCs must file the Annual Report every year. The state fee is $100.
When is the New Hampshire LLC annual report due?
The Annual Report is due between January 1 and April 1 every year. Your first one is due by April 1 of the year after your LLC is formed. It is filed with the New Hampshire Department of State.
How much is the New Hampshire LLC annual report fee?
Per the New Hampshire Department of State, as of September 2026, the Annual Report state fee is $100. It is due between January 1 and April 1 every year. LLC Register files it for you at no extra service fee while your registered agent service is active.
What happens if I miss the New Hampshire annual report deadline?
Reports received after April 1 owe a $50 late fee. Continued failure to file can lead to administrative dissolution. File as soon as possible to keep your LLC in good standing.
Does New Hampshire have a franchise tax for LLCs?
New Hampshire charges a Business Enterprise Tax (BET) of 0.55% on compensation, interest and dividends paid, but only once gross receipts or the enterprise value tax base exceed $298,000. Below that threshold, an LLC owes and files nothing for the BET.
How are LLCs taxed in New Hampshire?
New Hampshire has no personal income tax on wages or business profits, but it taxes an LLC directly through the Business Profits Tax: 7.5% of business profits once gross business income exceeds $109,000. Any Business Enterprise Tax already paid is credited against the Business Profits Tax owed. Federally, a single-member LLC is taxed like a sole proprietorship and a multi-member LLC like a partnership, unless it elects to be taxed as a corporation.
Do I need a sales tax permit for my New Hampshire LLC?
New Hampshire has no general state sales tax, so there is no sales tax permit to register for.
How do I register my New Hampshire LLC as an employer?
Before you hire, register with New Hampshire Employment Security for an unemployment insurance account; New Hampshire has no wage withholding tax to register for. You also need an EIN from the IRS before you run payroll.
Do I need a business license for my New Hampshire LLC?
It depends on your industry and location: New Hampshire regulates some professions and activities through state licenses, and many cities and counties require local business licenses. Start with the NH QuickStart.
Do I need an operating agreement for a New Hampshire LLC?
New Hampshire does not require an operating agreement, and you never file one with the state. New Hampshire law recognizes a written or oral agreement among the members. LLC Register includes an operating agreement with every New Hampshire LLC it forms.
Do I need an EIN for my New Hampshire LLC?
You need an EIN if your LLC has employees or more than one member, and most banks ask for one to open a business account. A single-member LLC without employees can use the owner's Social Security number for federal taxes, but an EIN keeps it off business paperwork.
How do I get an EIN for a New Hampshire LLC?
Apply for free on the IRS website once the state has approved your LLC; online applicants receive the EIN immediately. Owners without a Social Security number can apply with Form SS-4 by fax or mail.
Can a nonresident form an LLC in New Hampshire?
Yes. You do not have to live in New Hampshire or be a U.S. citizen to form a New Hampshire LLC. You do need a registered agent with a physical address in New Hampshire. Non-U.S. owners without a Social Security number apply for an EIN with IRS Form SS-4.
Can I form a single-member LLC in New Hampshire?
Yes. New Hampshire allows an LLC with a single owner. By default the IRS taxes a single-member LLC like a sole proprietorship, reported on the owner's personal return.
Does New Hampshire allow series LLCs?
No. New Hampshire's LLC Act does not provide for series LLCs.
Can licensed professionals form a PLLC in New Hampshire?
Yes. Licensed professionals form a professional limited liability company under RSA Chapter 304-D, a separate statute from the general LLC Act, that layers on profession-specific licensing requirements.
Does New Hampshire require LLCs to publish a formation notice?
No. New Hampshire does not require newspaper publication to form an LLC.
How do I get a certificate of good standing in New Hampshire?
Order a Certificate of Good Standing from the New Hampshire Department of State for $5. Banks, lenders and other states often ask for one as proof your LLC is current with the state.
How do I register a foreign LLC in New Hampshire?
An LLC formed in another state registers to do business in New Hampshire by filing the Application for Foreign Limited Liability Company Registration (Form FLLC-1) with the New Hampshire Department of State. The fee is $100, and the LLC needs a New Hampshire registered agent.
How do I amend my New Hampshire LLC?
File the Certificate of Amendment (Form LLC-3) with the New Hampshire Department of State for $35. Amend when you change your LLC's name or other information in the formation document.
How do I dissolve an LLC in New Hampshire?
File the Certificate of Cancellation (Form LLC-7) with the New Hampshire Department of State for $35. Before you file, wind up the business: pay debts, close tax accounts and distribute what is left to the members.
How do I file a DBA for my New Hampshire LLC?
File a Trade Name Registration (Form TN-1) with the New Hampshire Department of State for $50; renew it every 5 years for another $50. A DBA lets your LLC trade under another name without forming a new company.
Can my New Hampshire LLC be taxed as an S corporation?
Yes. An eligible LLC can elect S corporation tax status by filing IRS Form 2553. The election can reduce self-employment tax once profits are high enough to pay yourself a reasonable salary. New Hampshire has no personal income tax on wages or business profits, but it taxes an LLC directly through the Business Profits Tax: 7.5% of business profits once gross business income exceeds $109,000. Any Business Enterprise Tax already paid is credited against the Business Profits Tax owed.
What are the benefits of forming an LLC in New Hampshire?
An LLC separates your personal assets from business debts and lawsuits, keeps pass-through taxation, and needs less paperwork than a corporation. In New Hampshire it costs $100 to form and the Annual Report is $100 every year.
LLC vs sole proprietorship in New Hampshire: which is better?
A sole proprietorship costs nothing to start, but you are personally liable for the business's debts. A New Hampshire LLC costs $100 to form and protects your personal assets, with the same pass-through taxes by default.
Should I form my LLC in Delaware or Wyoming instead of New Hampshire?
Usually not if your business operates in New Hampshire. An out-of-state LLC doing business here must also register as a foreign LLC in New Hampshire for $100 and keep a New Hampshire registered agent, so you pay two states' fees.
Does LLC Register charge a separate fee to form a New Hampshire LLC?
No. Formation is included in the $99-a-year New Hampshire registered agent service. The state still charges its $100 filing fee, which we pass through at cost.
What does LLC Register include with a New Hampshire LLC?
For $99 a year plus the $100 state fee: New Hampshire LLC formation in year one, a New Hampshire registered agent, an operating agreement, and filing of your Annual Report every year. Renewal is $99 a year. State fees are passed through at cost.
Does my New Hampshire LLC need to file a BOI report with FinCEN?
No. FinCEN has exempted companies created in the United States from beneficial ownership information (BOI) reporting. Only foreign companies registered to do business in a U.S. state still have to report.
Which state agency handles LLC filings in New Hampshire?
The New Hampshire Department of State, Corporation Division, handles LLC formations, amendments and annual filings. Its office is at 107 North Main Street, Concord, NH 03301-4989 (walk-in: State House Annex, Room 317, 25 Capitol Street, 3rd Floor, Concord, NH 03301).
Do I need a separate bank account for my New Hampshire LLC?
Yes, you should. Mixing business and personal money can weaken the liability protection your LLC gives you. Banks usually ask for your filed Certificate of Formation, your EIN and your operating agreement.
Complete New Hampshire LLC Glossary
The terms, documents and filings you will meet when forming a New Hampshire LLC.
Annual report
A recurring filing that keeps your LLC in good standing with the state. In New Hampshire it is the Annual Report, due between January 1 and April 1 every year.
Articles of Organization
The document filed with the state to create an LLC. Some states call it a Certificate of Formation; in New Hampshire it is the Certificate of Formation.
Assumed name (DBA)
A trade name your LLC uses instead of its legal name. In New Hampshire you file a Trade Name Registration (Form TN-1).
Banking resolution
A document authorizing who may open and run the LLC's bank accounts.
Certificate of good standing
Proof from the state that your LLC exists and is current on its filings and fees. In New Hampshire it is the Certificate of Good Standing.
Dissolution
Formally closing an LLC with the state. In New Hampshire you file the Certificate of Cancellation (Form LLC-7).
EIN
Employer Identification Number: the nine-digit federal tax ID the IRS issues to a business.
Foreign qualification
Registering an LLC formed in another state so it can do business in New Hampshire, through the Application for Foreign Limited Liability Company Registration (Form FLLC-1).
Franchise tax
A state tax some states charge for the privilege of doing business there. New Hampshire charges a Business Enterprise Tax (BET) of 0.55% on compensation, interest and dividends paid, but only once gross receipts or the enterprise value tax base exceed $298,000. Below that threshold, an LLC owes and files nothing for the BET.
Limited liability
The legal protection that keeps the owners' personal assets separate from the LLC's debts and lawsuits.
Manager-managed LLC
An LLC run by appointed managers rather than by all of its members.
Member
An owner of an LLC. An LLC can have one member or many, and members can be people or companies.
Member-managed LLC
An LLC run directly by its owners, the members.
New Hampshire Limited Liability Company Act, RSA Chapter 304-C
The New Hampshire law that governs how LLCs are formed, run and dissolved.
Operating agreement
The internal contract that sets out an LLC's ownership, voting, profits and what happens when a member leaves.
Pass-through taxation
The default federal tax treatment of an LLC: profits pass to the owners' personal returns instead of being taxed at the company level.
Professional LLC (PLLC)
An LLC for licensed professionals such as doctors, lawyers or accountants. Available in New Hampshire.
Registered agent
The person or company with a physical New Hampshire address named to receive legal papers and state mail for the LLC.
S corporation election
A federal tax election, made on IRS Form 2553, that lets an eligible LLC be taxed as an S corporation.
Series LLC
An LLC divided into separate series, each with its own assets and liabilities. Not provided for in New Hampshire law.
Single-member LLC
An LLC with one owner. By default the IRS taxes it like a sole proprietorship.
