How to Start Your Own Business in New Hampshire
To start a business in New Hampshire:
- Choose a business idea
- Develop a business plan
- Select a legal business structure
- Choose a business name
- Register your business
- Apply for licenses and permits
- Find a location
- File taxes
- Obtain business insurance
Cost of Opening a Business in NH
It costs $100-125 to set up an LLC or corporation in New Hampshire through incorporation fees paid to the Secretary of State. An additional .75% business enterprise tax applies if annual revenue exceeds $250,000.
Popular Small Business Ideas in New Hampshire
Popular small business ideas in New Hampshire include:
- Comic book stores
- Campgrounds
- Mushroom farms
- Distilleries
- Night clubs
Limited liability companies (LLCs) and corporations require formation paperwork and fees to be filed but provide liability protection for owners.
Additional steps when starting a business include: researching ideas, understanding target markets, applying for licenses and permits, reporting taxes appropriately, and securing insurance.
Resources are available in New Hampshire to support new businesses. With thoughtful planning, New Hampshire can be an excellent state to start a business.