Q: I want to form an LLC in New Hampshire… how do I get a trading license?
Thank you to an international business owner for that great question! What some countries refer to as a “trading license” is generally referred to as a business license in the US. That said, there are several different types of business licenses you may need to obtain before you can officially begin doing business in New Hampshire. Here’s what you need to know:
What is a New Hampshire Business License?
In general, a business license is any kind of document that authorizes your business to operate in New Hampshire. Depending on the type business you conduct through your New Hampshire LLC or New Hampshire Corporation, you may need licensing for any of the following reasons:
- Health permits
- Safety inspections
- Professional services
- City and/or county requirements
Can I do business in New Hampshire without a business license?
No, you won’t be legally permitted to operate your business in New Hampshire without obtaining the permits that are required for your type of business. If you operate your business without a required license or permit, you will probably have to pay a fine and you may not be able to operate your business for a period of time.
How do I know what type of business license I’ll need in New Hampshire?
One of the main reasons you’ll be required to obtain a business license in New Hampshire is to register to pay state taxes. According to the New Hampshire Department of Revenue, you should consider whether or not your business is liable for the following taxes:
In addition, you should contact your city or town clerk’s office to see whether you’ll have to obtain municipal licenses and/or permits based on your business location.
What’s a professional license?
A professional license is a certification issued by a licensing board to certain regulated professions. These professions include:
- Accounting
- Architecture
- Child-care
- Law
- Medicine
- Etc.
For a full list of professional service, see NH Rev Stat § 294 A:1 and NH Rev Stat § 304-D:1. If you operate a professional service in New Hampshire, you’ll be required to meet certain requirements in order to obtain a license from your profession’s governing board.
How do I get a New Hampshire Business License?
New Hampshire does not issue a state-wide business license. The process for obtaining a business license in New Hampshire depends on the type of business license you need. In addition to checking the “Licenses & Permits” and “Business Taxes” sections of the New Hampshire Business Information page, it’s a good idea to contact your city or town clerk’s office to ask about any additional licenses and/or permits you may need on the local level.
If you’re still unsure of all the ways you may need to register your business in New Hampshire, you may want to reach out to a business attorney or CPA in the state.