Who Pays NH Business Tax?

New Hampshire Business Taxes

New Hampshire has business taxes. The state imposes dividends and interest tax. For profit businesses with at least $50,000 gross business income must pay the Business Profits Tax. The tax rate is 7.5%.

Starting a Business in New Hampshire

To start a business, first get a permit. Next, register your trade name. You may need a federal tax ID number if organized as a partnership, corporation, or LLC. If you sell merchandise, you will need a reseller tax ID number regardless of business structure.

Taxes for New Hampshire LLCs

LLCs in New Hampshire are taxed as pass-through entities, with LLC members paying federal income tax on their filings. The number of members determines the tax classification of your New Hampshire LLC. By default, single-member LLCs are taxed as sole proprietors, whereas multi-member LLCs are taxed as general partnerships.


Meanwhile, the LLC is not subject to corporate state income tax but may be liable to state-level profits tax and business enterprise tax. LLCs employ the following forms to file federal taxes:

  • Form 1040 for a single-member LLC.
  • Form 1065 for a multi-member LLC.

Filing LLC Taxes in New Hampshire

Single-member LLCs

In all cases, the annual return must be submitted separately in April of each year. The annual return filing fee for a large New Hampshire LLC is $100. LLCs will certainly be subject to pass-through taxation. The annual report must be submitted by April 1 of each year. The annual filing fee for New Hampshire LLC is $100.

Any LLC operating in New Hampshire is liable to pay 2 kinds of taxes – state taxes and federal taxes. Unlike corporations, LLCs are considered “pass-through” entities, not paying federal income taxes at the entity level. Instead, the profits and losses of the LLCs are passed through to the members, who report these amounts on their returns. This provides an advantage to LLC owners, helping avoid double taxation problems with corporations.

In New Hampshire, LLCs are not subject to a state-level income tax, simplifying tax obligations. LLC members are responsible for reporting income on returns. On the state level, LLCs making income over thresholds are taxed through business profits and enterprise taxes. While no state income tax exists, LLC members may be subject to taxes until phased out in 2027. Some other taxes may still apply.

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