New Hampshire LLC Taxes

State entity taxes

Franchise / privilege tax: Business Profits Tax 7.5% + Business Enterprise Tax 0.55% above thresholds.

State income tax on members: New Hampshire has no state personal income tax, so members pay no state tax on their share of LLC pass-through income.

Federal taxation

By default, single-member LLCs are disregarded entities and report on Schedule C of the owner’s personal return. Multi-member LLCs file Form 1065 (partnership). Either may elect S-Corp or C-Corp tax treatment via Form 2553 or Form 8832.

Sales tax

If your New Hampshire LLC sells tangible goods or certain taxable services, you generally need a state sales tax permit. Check the New Hampshire Department of Revenue / Taxation for the applicable rate and registration process.

New Hampshire-specific note

New Hampshire has no broad personal income tax (only on interest and dividends, being phased out). However, the Business Profits Tax and Business Enterprise Tax apply to LLCs above income/payroll thresholds.

Self-employment tax (federal)

Members of pass-through LLCs generally pay self-employment tax (15.3% on the first ~$168,600 of net earnings, plus 2.9%+ Medicare beyond that) on their distributive share. Electing S-Corp status can sometimes reduce SE tax but adds payroll-administration complexity.