To secure and register your brand name it must be unique, not too similar to another registered name in New Hampshire, and shouldn’t contain any restricted wording. To check, conduct a free Business Entity Search through the state, and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your brand name should contain words like ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, you can file an Application for Reservation of Name through postal mail that’s good for 120 days.
Filing Fee: $15
A registered agent can be an individual resident of the state or a legally registered domestic/foreign business entity with a physical street address and regular M-F business hours. On behalf of your brand they receive and help process important business documents like state filings, tax forms, legal notices and so on. They’re essential and required by law.
With a registered agent, once you’re ready to make your brand official, set up an account with the state to file Articles of Incorporation. It asks for basic information to disclose for the public record including:
Filing fee: $100
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 Director who among other things will oversee the New Hampshire corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
In your initial meeting you and the board should have discussed where to set up your corporation’s financial groundwork – where to bank. This is no simple matter. If you aren’t a/haven’t hired a qualified CFO or accountant, then you need to check out a good number of different local, state, and national banks as well as credit unions.
To get your research going, check out this short free quasi-guide to Business Checking Accounts from the more big bank perspective. It should help give you a basic idea of the numbers involved.
When starting a business in New Hampshire, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally you should have an attorney or at least dedicate time to knocking this out yourself and doing the homework. That said, here are four resources to get started:
In truth, success in business is about 80% execution. But, that being said, there’s a huge different between startup-phase execution and being empowered by a professional business plan. No, not some huge complex collegiate-level plan but a streamlined and presentation-ready plan that focuses on core fundamentals: marketing, demographics, budgeting, financials, forecasts, pitch, etc.
These days there are software solutions that walk you through the process so that you learn a ton and end up with a presentation-ready plan to show potential partners, stakeholders, venture capitalists, or even banking institutions.
QUICK LINKS TO BUSINESS PLANNING
There’s so many options with this step a fair amount of new corporations try to shove the task aside for a while. Either you’re designers or you’re not. You either have an in-house designer you trust and who understands your company vision or you don’t.
In these cases we often suggest checking out platforms like Wix and Weebly because they have the most to offer including savvy dashboards, tons of easy apps you can integrate, simple upgrade options as you expand and so forth. Enjoy!
Note that this article on how to form a corporation in New Hampshire isn’t a legal document or legal advice. It’s for informational purposes and the information above is subject to change. For specific legal questions regarding how to form a corporation in New Hampshire or business in general, please consult with a lawyer or other accredited professional.