How do I maintain an LLC in New Hampshire?
How do I maintain my New Hampshire LLC? | BetterLegal
What's the next step after registering my business in New Hampshire?
After successfully setting up your business in New Hampshire, you need to make sure that you keep your LLC in good standing with the state. This way, you will be able to transact with third parties smoothly, especially with your vendors and clients.
A good standing status shows that your company is compliant with the state requirements. This includes, but is not limited to, payment of annual fees and updating of your company information with the state.
Additionally, certain other formalities are required by the state, like appointing a registered agent for service of process and maintaining a registered office in New Hampshire.
If you do not have a physical address in the state where you registered your LLC, check out BetterLegal's Registered Agent Service. Through BetterLegal's Registered Agent service, you will receive scanned copies of your important mails and you may also request for physical copies to be mailed to your address for a minimal administrative fee. Subscribe to our service now!
Why is it important to Maintain my LLC in New Hampshire?
Third parties are able to obtain your good standing status by submitting a request to the Secretary of State in New Hampshire. If a third party you are transacting with finds out that your company is in bad standing with the state, it may cause unnecessary delays and issues in your business transactions.
Also, failure to comply with state requirements may result to forfeiture, dissolution, or involuntary termination of your LLC.
This is why you should be on top of New Hampshire's periodic requirements for Limited Liability Companies (LLCs) like yours. Maintain your LLC to avoid any issues and delays in your transactions.
If you need help in maintaining your LLC in New Hampshire, check out BetterLegal's State Compliance package. We will make sure that your company complies with the state requirements to keep your company in good standing. Subscribe to our State Compliance Service Now!
The Basics of Maintaining Your LLC
There are different administrative tasks that make up the maintenance of an LLC in New Hampshire, but can be grouped into categories:
- Annual Report: Required filing in New Hampshire to keep your LLC in good standing
- Certificate of Organization: Updating of your LLC information in New Hampshire
- Operating Agreement: Legal document outlining the internal rules and procedures of a Limited Liability Company
- Licenses and Permits: Documentary requirements for these in New Hampshire vary depending on the nature of business
- DBAs: Registration of other names a business may go by other than its official name
- Taxes: Money owed to the government for revenues and earnings
Filing your New Hampshire LLC's Annual Report
If you are planning to file your New Hampshire LLC's Annual Report, BetterLegal has prepared an easy to follow step-by-step guide for you below. We have also included pertinent information that you need to remember when filing.
When is the due date for my New Hampshire LLC's Annual Report?
File your New Hampshire LLC's Annual Report every April 1st. You need to file it with the state every year. The Annual Report may be submitted as early as January 1st .
How much do I need to pay for my New Hampshire LLC's Annual Report?
Prepare $100 to pay for your New Hampshire LLC's Annual Report.
What information are needed when filing my New Hampshire LLC's Annual Report?
When filing your LLC's Annual Report, make sure to provide any updated information of your LLC, except for LLC name change.
How do I submit my New Hampshire LLC's Annual Report?
You may submit your New Hampshire LLC's Annual Report online or by mail.
(1) File online using this link https://quickstart.sos.nh.gov/online/Account/LoginPage?LoginType=FileAnnualReport.
(2) By Mail
a. Download the Annual Report form: To download the Annual Report form, you will need to visit the New Hampshire QuickStart website. Click the "Mail with Check" button to proceed with filing by mail.
b. Create or log in to your account: If you have not already created an account, click "Create Account" in the upper right corner of the screen. If you already have an account, click "Login" and enter your login credentials.
c. Access the Annual Report form: Once you are logged in, look to the menu on the left side of the screen. Under "BUSINESS SERVICES", click on "Annual Report/Annual Fee/Nonprofit Report". Search for your LLC by name (just enter the first couple of words and leave out "LLC") or by its Business ID. Select your LLC from the list and click "Continue".
d. Download the form: The current year should be selected automatically. Click "File an Annual Report/Annual Fee/Nonprofit Report". A popup message will appear telling you about how to file by mail. Click the "Continue" button to proceed. This will automatically download your Annual Report to your computer in PDF format.
e. Print the form: Once you have downloaded the Annual Report form, print it out so that you can fill it out by hand.
f. Fill out the form: Provide the requested information in the form, including the name of your LLC, its registered agent's name and address, the names of the members, and the signature of an authorized person.
g. Include the filing fee: As of 2021, the filing fee for an Annual Report in New Hampshire is $100. You can pay the fee by check or money order made payable to the "State of New Hampshire."
h. Mail the form and fee: Once you've completed the Annual Report form and included the filing fee, mail it to the following address:
State of New Hampshire
Department of State
Corporation Division
107 North Main Street, Room 204
Concord, NH 03301-4989
It's important to note that the deadline for filing the Annual Report in New Hampshire is April 1st of each year. Failure to file the Annual Report on time can result in penalties and other consequences.
What is the turnaround time for my New Hampshire LLC's Annual Report?
Your payment or filing submission will reflect on the state's records immediately if filed online, but may take up to three (3) weeks if filed by mail.
What should I do if I miss my New Hampshire LLC's Annual Report's due date?
Late submission of Annual Report in New Hampshire is allowed. Late fee is $50.00. You may file your late submission online or by mail.
If you fail to file even after the grace period, your LLC will be declared delinquent and later on be administratively dissolved by the state. Dissolution will happen after two years of non-filing.
I missed my New Hampshire LLC's Annual Report's grace period for late submission, what should I do?
If you also missed the state's grace period for the filing of Annual Report, file for your LLC's reinstatement.
Certificate of Organization
If you want to update your company information but it is too early to file for your LLC's Annual Report or maybe you have already filed your LLC's Annual Report, but forgot to update your information, you may still do so by filing an amendment with the state.
BetterLegal may also assist you in filing these amendments. Check out the links below:
- New Hampshire LLC Certificate of Amendment
- New Hampshire LLC Statement of Change of Registered Office or Registered Agent, Or both
- New Hampshire LLC Certificate of Cancellation
- New Hampshire LLC Change of Managers/Members
- New Hampshire LLC Change of Principal Office Address
- New Hampshire LLC Certificate of Good Standing
Operating Agreement
The operating agreement outlines your LLC's internal rules and regulations. Some events, such as change in ownership, may require you to update your operating agreement. BetterLegal may also assist you with this.
Licenses and Permits
Licenses and Permits requirement may vary in each state and depending on the nature of your business. These licenses and permits ensure that companies within specific industries are abiding by its rules and regulations. If you need assistance in obtaining the licenses and permits required for your LLC, you may check out BetterLegal's Permit and License Search service.
DBAs and Fictitious Names
A DBA (Doing Business As) or a Fictitious Name is an alternative name or nickname under which a business can operate. This allows a business to conduct business under a name other than its legal name. For example, an LLC named "ABC Tile LLC" might file for a DBA and conduct business under the name "New Hampshire Tile".
A DBA or Fictitious name is not a separate legal entity, it is a name that the business can use for its transactions and it does not change the legal structure or the ownership of the business.
If you need help in registering a DBA for your LLC, reach out to us via chat or call to confirm if we can assist with your filing.
Taxes
The type of taxes that each state requires vary. Meanwhile, all LLCs are subject to Federal Taxes due to the IRS and are reported through the LLC’s EIN. For the filing of your taxes, it is best to consult your accountant.
