New Hampshire Incorporation, LLC, and Not-for-Profit Information

The formation document required to file a corporation in New Hampshire is called the Articles of Incorporation. The information listed in the Articles of Incorporation includes, but not limited to, the name of the company, shares, par value, incorporators name, address and signature, registered agent name and address and e-mail for the business.

New Hampshire law does allow for the formation of Professional Corporations (PC's).

Corporations are managed by their Board of Directors. The minimum number of directors required in New Hampshire is 1 and there is no age requirement. The Board of Directors elects the company officers, President, Vice President (if applicable), Secretary and Treasurer. The terms of office are stipulated in the company bylaws.

The company bylaws regulate the way in which your company will be run. The bylaws are adopted at the initial meeting of the directors and are updated as needed. Included in the bylaws will be information on director/shareholder meetings, voting responsibilities, stock issue procedures and other operating procedures.

All New Hampshire corporations will be required to file an annual report every year with the Department of State. The statement will request updated information on the name and address of the chief executive officer, the principal executive office, and the address for service of process. The statement is due April 1st the year after formation. The State will send notices to principal office address on record. Failure to file the annual report may result in the company becoming inactive.

Corporations can register an Assumed Name (DBA) with the Corporation Division. If a corporation desires to conduct activities under a name other than its true legal name, Form TN-1 RSA 349, Application for Registration of Trade Name, must be filed with the New Hampshire Department of State. The DBA name must meet the same name availability requirements as a newly formed entity, however, cannot include the corporate endings "corporation", "incorporated" or "limited" or an abbreviation of one of such words.

New Hampshire provides a procedure for voluntarily dissolving a domestic corporation that has issued shares by filing an Articles of Dissolution pursuant to Section 293-A:14.03 of Chapter 293-A of the New Hampshire Business Corporations Act with the Secretary of State. If the corporation has not yet issued shares, an Articles of Dissolution pursuant to Section 293-A:14.01 of Chapter 293-A of the New Hampshire Business Corporations Act should be filed with the Secretary of State.

New entities should obtain a Federal Tax Identification Number (FTIN), also known as an Employer Identification Number (EIN), from the IRS. This number will be required to open bank accounts, have employees, apply for business licenses, file tax returns, etc. Visit http://www.irs.gov for more information on federal tax requirements.

Further, if your corporation wants to apply for S-Corporation Election it should be applied for right after formation. In New Hampshire an application for S-Corporation Election is required to be filed with the IRS. New Hampshire does not accept the federal S-Corporation Election nor can you apply for S-Corporation status with the New Hampshire Department of Revenue Administration. So, the company will be recognized federally as an S-Corporation but for state tax purposes it will be taxed as a regular C-Corporation.

As all companies are different and have specific filing requirements we suggest that you speak with a tax professional to provide you with tax advice prior to organizing your company. For general tax information you can contact the New Hampshire Department of Revenue Administration at http://www.revenue.nh.gov.

The formation document required to file an LLC in New Hampshire is called the Certificate of Formation. The information listed in the Certificate of Formation includes, but not limited to, the name of the company, purpose, duration, managed by: members or managers, manager/members name and signature, registered agent name and address and e-mail address for the business.

New Hampshire law does allow for the formation of Professional LLC's (PLLC's).

LLC's are managed by one or more members/managers. The members are like the shareholders of a corporation and are the owners of the company. The managers are like the officers of a corporation and run the company on behalf of the members. The minimum number of members required in New Hampshire is 1 and the company can be member managed. The terms of office of the members/managers are stipulated in the company operating agreement.

The company operating agreement regulates the way in which your company will be run. The operating agreement is adopted at the initial meeting of the members and is updated as needed. Included in the operating agreement will be information on member/manager meetings, voting responsibilities, membership interest and other operating procedures.

All New Hampshire LLC's will be required to file an annual report every year with the Department of State. The statement will request updated information on the address for service of process. . The statement is due April 1st the year after formation. The State will send notices to principal office address on record. Failure to file the annual report may result in the company becoming inactive.

LLC's can register an Assumed Name (DBA) with the Department of State Corporation Division. If an LLC desires to conduct activities under a name other than its true legal name, Form TN-1 RSA 349, Application for Registration of Trade Name, must be filed with the New Hampshire Department of State. The DBA name must meet the same name availability requirements as a newly formed entity, however, cannot include the LLC ending "Limited Liability Company" or the abbreviation "L.L.C." or "LLC".

New Hampshire provides a procedure for voluntarily dissolving a domestic Limited Liability Company by filing a Certificate of Cancellation pursuant to Section 304-C:142 of Chapter 304-C of the New Hampshire Business Corporations Act with the Corporation Division of the Department of State.

New entities should obtain a Federal Tax Identification Number (FTIN), also known as an Employer Identification Number (EIN), from the IRS. This number will be required to open bank accounts, have employees, apply for business licenses, file tax returns, etc. Visit http://www.irs.gov for more information on federal tax requirements.

As all companies are different and have specific filing requirements we suggest that you speak with a tax professional to provide you with tax advice prior to organizing your company. For general tax information you can contact the New Hampshire Department of Revenue Administration at http://www.revenue.nh.gov.

The formation document required to file a Not-For-Profit corporation in New Hampshire is called the Certificate of Formation. The information listed in the Certificate of Formation includes, but not limited to, the name of the company, specific purpose, how the assets will be distributed upon dissolution, business office address, incorporators name, address and signature, and registered agent address.

Not-For-Profit corporations are managed by their Board of Directors. The minimum number of directors required in New Hampshire is 3 and there is no age requirement. The Board of Directors elects the company officers, President, Vice President (if applicable), Secretary and Treasurer. The terms of office are stipulated in the company bylaws.

You can choose to have a members for your Not-For-Profit organization. The members have the exclusive right to elect directors, amend articles and bylaws, and vote on a merger or dissolution of the corporation. A membership structured Not-For-Profit organization normally benefits the members of the organization, such as a club or social organization. A Not-For-Profit organization that does not have members will be governed by its board of directors as is the case with most charitable organizations.

The company bylaws regulate the way in which your company will be run. The bylaws are adopted at the initial meeting of the directors and are updated as needed. Included in the bylaws will be information on director meetings, voting responsibilities, membership requirements and other operating procedures.

NFP corporations may be required and should keep the bylaws available for review at their principal place of business along with the names and addresses of directors and officers, minutes of all director meetings, records of actions taken by directors without a meeting, a copy of the formation document and any amendments thereto, and the company’s most recent annual report.

New Hampshire Not-for-profit corporations will be required to file an annual report every year with the Department of State. The statement will request updated information on the name and address of the chief executive officer, the principal executive office, and the address for service of process. The statement is due April 1st the year after formation. The State will send notices to principal office address on record. Failure to file the annual report may result in the company becoming inactive.

NFP Corporations can register an Assumed Name (DBA) with the Corporation Division. If a NFP corporation desires to conduct activities under a name other than its true legal name, Form TN-1 RSA 349, Application for Registration of Trade Name, must be filed with the New Hampshire Department of State. The DBA name must meet the same name availability requirements as a newly formed entity, however, cannot include the corporate endings "corporation", "incorporated" or "limited" or an abbreviation of one of such words.

New Hampshire provides a procedure for voluntarily dissolving a domestic NFP corporation by filing a Statement of Dissolution pursuant to Section 292:10-A of Chapter 292 of the New Hampshire Business Corporations Act with the Secretary of State.

New entities should obtain a Federal Tax Identification Number (FTIN), also known as an Employer Identification Number (EIN), from the IRS. This number will be required to open bank accounts, have employees, apply for business licenses, file tax returns, etc.

In order to apply for tax-exempt status under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3) of the IRS code, and none of its earnings may inure to any private shareholder or individual. The company must file Form 1023 for charitable organizations or Form 1024 for other types of tax exempt organizations in order to apply for tax-exempt status. Visit http://www.irs.gov/Charities-&-Non-Profits for additional information.

As all companies are different and have specific filing requirements we suggest that you speak with a tax professional to provide you with tax advice prior to organizing your company. For general tax information you can contact the New Hampshire Department of Revenue Administration at http://www.revenue.nh.gov.