Although launching a business might be exhilarating, there is a lot of paperwork and legal obligations involved. Choosing a name is one of the most crucial tasks in launching a business. Businesses in New Hampshire are required to register their trade name with the Secretary of State of the state. This article will cover the definition of a trade name, how to apply for an EIN in New Hampshire, what it means to have a forfeited charter, and how to maintain the existence of your LLC. What is a Trade Name NH, exactly? In the state of New Hampshire, a trade name is a name that a company uses that is distinct from the owner’s legal name or the name of the entity. It is sometimes referred to as a DBA name or “doing business as” name. For instance, John Smith would have to register “New Hampshire Landscaping” as his trade name if he owns the business J&S Enterprises but wants to utilize the name for his landscaping company.
How Can I Get an EIN in New Hampshire? The IRS issues employers with an Employer Identification Number (EIN), a special identification number. It is used for filing tax returns and opening company bank accounts, among other tax-related activities. You can apply online, via mail, or by fax to obtain an EIN number in New Hampshire. You must submit details about your company, including the legal name, trading name (if applicable), entity type, and EIN’s intended use.
The Meaning of Forfeited Charter A forfeited charter indicates that a company’s legal right to conduct business in the state has been revoked. This may occur if the company disregards state laws, such as by failing to submit yearly reports or pay taxes. If a company’s charter has been forfeited, it cannot legally conduct business in the state until it is reestablished. How Do You Maintain Your LLC’s Activity? In order to maintain the status of your LLC in New Hampshire, you must submit an annual report and pay the necessary cost. Each year, the annual report must be submitted by April 1st at the latest. Your LLC risk having its charter revoked or being administratively dissolved if you don’t submit the report or pay the cost. To remain out of trouble with the law and avoid penalties, it’s crucial to adhere to these criteria.
How Can You Restore Your Company’s Good Standing? You can restore your company to good standing if it has a forfeited charter or has been administratively disbanded by going through the reinstatement procedure. Usually, this entails completing the required documentation and paying any unpaid fines or taxes. If your firm has been inactive for a while, you might also need to file a fresh registration or renewal.
In conclusion, it’s critical to comprehend the legal requirements for trade names, EIN numbers, and adherence to state legislation while beginning a business in New Hampshire. You can stay out of trouble with the law and maintain the good standing of your company by keeping up with these obligations.
You can conduct a search for the company on the New Hampshire Secretary of State’s website to determine whether it is legally permitted to operate in the state. You can then see the status of the company’s registration, along with its trade name, registered agent, and other compliance data. You can also inquire about the company’s reputation with the Better Business Bureau or other consumer protection organizations to discover if there have been any complaints or unfavorable reviews. Prior to conducting business with any company, it is crucial to perform your due diligence in order to confirm that you are working with a reliable and legitimate organization.