New Hampshire is a fantastic place to launch an online business, but in order to avoid any future legal concerns, it is crucial to be aware of the state laws first. Whether one needs a business license to sell products online in New Hampshire is one of the most often asked topics by business owners. The answer is that it depends on the kind of company you run.
You must register your business with the New Hampshire Department of Revenue Administration and acquire a tax identification number if you are selling goods and services that are subject to taxes. However, you do not need a business license to operate in New Hampshire if you are selling digital goods like e-books, software, or online courses.
On the other hand, you must acquire a vendor’s license from the municipality or city where you will be selling your wares if you intend to offer goods or services in person, such as at a farmers market or craft fair. Both New Hampshire citizens and non-residents are needed to have this license, which is often issued at the town clerk’s office.
It costs $100 to register an LLC in New Hampshire. This amount covers the filing charge. In addition, there is a $100 annual charge to keep the LLC in good standing with the state. As a sole proprietor, you are exempt from state registration requirements but are still required to apply for and maintain a business license with your town or municipal.
What is best for your business depends on your needs and objectives when deciding between an LLC and a sole proprietorship. The simplest and most easy business structure is a sole proprietorship, yet it has no personal liability protection. An LLC, on the other hand, gives greater tax flexibility and protects its owners from personal liability.
In conclusion, you do not require a business license to conduct business in New Hampshire if you offer digital goods online. However, you will need a vendor’s license from your town or city if you intend to sell goods or services in person. In New Hampshire, an LLC must pay $100 to register and another $100 per year to keep its registration. Choosing between an LLC and a sole proprietorship relies on the objectives of your company. To determine the best choice for your company, you must speak with an accountant or attorney. In New Hampshire, you can also serve as your own registered agent, but for legal and privacy reasons, it is advised that you use a professional registered agent.