Form a New Hampshire Corporation
There are many reasons to form a New Hampshire Corporation. Of the most importance would be to form a corporation for the liability protection that is afforded to you. In this instance, the share holders, owners and other officers are protected from any liability should the corporation be sued for any reason. Call us today to see how we can help you to start protecting your personal assets. There are other tax advantages with operating a corporation vs. a sole proprietorship. Consult with a professional on how a corporation would benefit you and let us do the filing for you.
Corporation naming guidelines
For Corporations, the acceptable endings are Inc, Corp, and Corporation. Since New Hampshire is very selective, you are not allowed to use a name that is already in use by a Limited Liability Company. The name proposed for a corporation must be distinguishable on the records of the Secretary of State from any other corporation. Generally, the Secretary of State will ignore words such as “the”, “and”, “a”, “an” etc. when determining whether or not a name is distinguishable, or available. Also it will ignore the use of capitals, punctuation, and the use of spaces.
Do I need a Registered Agent?
With every corporation, the Secretary of State does require a Registered Agent. The role of the Registered Agent is to serve as the point of contact for the Secretary of State. Should the company be involved in a lawsuit, the Secretary of State would serve process onto the Registered Agent. In most cases the incorporator or owner would serve as their own Registered Agent. However a third party could serve as a Registered Agent should a person or physical address in filing state can be found.
S Corporation vs. C Corporation
S corporations are filed with the IRS allowing the C corporation to mimic a tax structure similar to a LLC. This filing allows for "pass through" taxation so that the profits are reported on the individuals income vs. any reporting by the corporation. This filing is accomplished by submitting form 2553 with the IRS.
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