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How to start a sole proprietorship: 7 steps to take Choose a business name. ... Register your business name. ... Purchase a website domain name. ... Obtain a business license and other permits. ... File for an employer identification number (EIN) ... Open a business bank account. ... Get insurance coverage.
Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File a trade name registration with the New Hampshire Secretary of State (SOS). Apply for licenses, permits, and zoning clearance.
Initial New Hampshire LLC Fees State FeeState Filing TimeExpedited Filing Time$102*4 Weeks13 Business DaysState Fee$102*State Filing Time4 WeeksExpedited Filing Time13 Business Days
All businesses operating in the State of New Hampshire are required to register with the Secretary of State's Office. Depending on your business structure, you may have additional filing requirements. Forms can also be downloaded off the Secretary of State's web site.
Income taxes These apply to all business structures, including sole proprietorships. New Hampshire has a flat rate for the BPT, which is 7.7%. In most states, Sole proprietorships are not required to pay federal or state income tax. Instead, the income is distributed to the sole proprietor's personal income tax.
To start a corporation in New Hampshire, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Corporation Division. You can file this document online or by mail. The articles cost $100 to file.
Two Ways to Start A New Business in New Hampshire Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the New Hampshire Secretary of State. Get your business licenses. Set up a business bank account.
How to start a New Hampshire Sole Proprietorship Step 1 ? Business Planning Stage. ... Step 2 ? Name your Sole Proprietorship and Obtain a DBA. ... Step 3: Get an EIN from the IRS. ... Step 4 ? Research business license requirements. ... Step 5 ? Maintain your business.