Obtaining an Employer Identification Number (EIN) from the IRS is one of the first steps you should do if you’re starting a business in New Hampshire. You’ll need this number to register a business bank account, apply for licenses and permits, and more. It’s used to identify your firm for tax purposes. Here is how to obtain an EIN in New Hampshire:
Determine if You Need an EIN in Step 1
Not all companies require an EIN. For example, sole owners without staff may substitute their Social Security number. However, you will require an EIN if you hire people, conduct business as a partnership or corporation, or if you have specific tax requirements. Visit the IRS website or speak with a tax expert to determine whether you require one.
Step 2: Request an EIN You have three options for applying for an EIN: online through the IRS website, by mail, or by fax. You can apply online and get your EIN right away. Your EIN may not be available for up to four weeks if you submit your application by mail or fax.
Step 3: Register Your Business in NH
You must first register your business with the state of New Hampshire before you can apply for an EIN. This entails submitting the appropriate formation paperwork to the New Hampshire Secretary of State and acquiring any required licenses and permissions.
Step 4: Maintain Your Company’s Credibility You must submit annual reports and make any required payments to keep your company in good standing in New Hampshire. The Secretary of State’s office also offers a Certificate of Good Standing, which attests to the fact that your company complies with all applicable state rules and laws.
The New Hampshire Secretary of State’s office can confirm that your company is in conformity with state rules and regulations by issuing you with a Certificate of Good Standing. When asking for financing or opening a business bank account, this document is frequently needed.
You can check the Secretary of State’s online database to learn who owns a company in New Hampshire. This database offers details about registered firms, including the owner(s)’ name and address.
A program called NH QuickStart is provided by the state of New Hampshire to aid in the establishment, expansion, and success of enterprises there. This program offers qualified businesses free training and consulting services, including help with site selection and employee development.
You can search the Secretary of State’s online database to see if a corporation is registered in New Hampshire. The name, address, and formation date of each registered business are all listed in this database. The Secretary of State’s office also offers a Certificate of Good Standing, which attests to the company’s adherence to all applicable rules and laws.