Corporate Name Requirements
* The name must contain the words “limited,” “corporation,” or “incorporated” or the abbreviation “Ltd.,” “Inc.” or “Corp.” The name must not be same or deceptively similar to the name of any corporation authorized to transact business in the state; any reserved or registered name; the fictitious name of a foreign corporation; any domestic or foreign limited partnership or other business entity. The name must not contain language implying that the corporation is organized for a purpose not permitted by the Act or its articles.
Articles of Incorporation Requirements
Director Information
- Minimum Number – One or more.
- Residence Requirements. – No provision.
- Age Requirements – None.
- Directors are not required to be listed in the articles of incorporation.
Officer Information
- The officers are not required to be listed in the articles of incorporation.
Stock Information
- An increase in shares or par value does not effect initial fees.
Yearly Requirements
Annual Statements
- Returns must be filed by April 1 with the Secretary of State. Filing fee of $100 must accompany return. Annual report forms are mailed directly by the Secretary of State.
Income Tax Rate
- For taxable periods ending on or after December 31, 2018, the BPT rate is 7.9%.
- For taxable periods ending on or after December 31, 2019, the BPT rate will be reduced to 7.7%.
- For all taxable periods ending on or after December 31, 2021, the BPT rate depends on the combined amount of general and education trust fund revenue collected for the fiscal year ending June 30, 2020, excluding $68,100,000 appropriated to the education trust fund (the “combined revenue”). If the combined revenue is 6% or more below the official revenue estimates, the BPT rate will be 7.9%. If the combined revenue is 6% or more above the official revenue estimates, the BPT rate will be 7.5%. Otherwise, the BPT rate will continue to be 7.7%.
Business Enterprise Tax
- For taxable periods ending on or after December 31, 2019, the BET rate will be reduced to .60%. HB 4 (Chapter 346, Sections 200-202, Laws of 2019) repealed and replaced rate reductions formerly established by Laws of 2017, 156:215-217.
- For all taxable periods ending on or after December 31, 2021, the BET rate depends on the combined amount of general and education trust fund revenue collected for the fiscal year ending June 30, 2020, excluding $68,100,000 appropriated to the education trust fund (the “combined revenue”). If the combined revenue is 6% or more below the official revenue estimates, the BET rate will be 0.675%. If the combined revenue is 6% or more above the official revenue estimates, the BET rate will be 0.50%. Otherwise, the BET rate will continue to be 0.60%.
For more information on taxes, visit New Hampshire Department of Revenue Administration
C-Corporation
- Shareholders have limited liability protection
- May be listed and traded as a publiccorporation on the stock market or “over the counter”
- Has a separate and independent tax status from its owners
S Corporation
- Profits are not subject to “double taxation”
- Corporate losses may be “passed through” to share holders
- Shareholders are afforded the same protection as C Corp.
LLC formation
- Contains characteristics of both corporation and partnership
- Shareholders may take advantage of “Pass-Through” taxation
- Limited liability for share holders
Not for profit corp
- Eligible for tax-exempt status
- Limited Liability protection
- Qualify for public and private gains