Identifying whether a business license is required is one of the most important tasks when beginning a business in New Hampshire. The answer is not clear-cut because it depends on the kind of business you wish to run.
In general, a general business license is not a required in the state of New Hampshire. However, some occupations and sectors need particular licenses or qualifications. You must obtain the proper licenses and permits from the state, for instance, if you want to run a daycare, a liquor store, or a barbershop.
You still need to register your business with the state even though it is not necessary to have a general business license. You must submit a Certificate of Formation to the New Hampshire Secretary of State in order to achieve this. This document contains the fundamental information about your firm, such as your company name, address, and owners’ names.
Getting an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) is another crucial step in the process of launching a business in New Hampshire. If you intend to hire workers, you must have this number because it serves as your company’s tax identification number. Through the IRS website, you can get an EIN without paying anything.
You must also register a trade name with the Secretary of State if you intend to run your firm under a name other than your own. $50 is required for this procedure, along with the filling of a Trade Name Registration form.
Some companies would also need to apply for a seller’s permit from the New Hampshire Department of Revenue Administration in addition to these requirements. This license enables companies to gather and send sales tax on products and services bought and sold within the state. In conclusion, even though a general business license is not necessary in New Hampshire, there are still crucial actions that must be performed in order to legally run a business in the state. Make sure you thoroughly investigate the industry-specific requirements and take all necessary actions to guarantee that your company is duly registered and licensed.