New Hampshire Assignment of Business License as Security for a Loan

State:
Multi-State
Control #:
US-01467BG
Format:
Word; 
Rich Text
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Description

A license authorizes the holder to do something that he or she would not be entitled to do without the license. Licensing may be directed toward revenue raising purposes, or toward regulation of the licensed activity, or both. Statutes frequently require that a person obtain a license before practicing certain professions such as law or medicine, or before carrying on a particular business such as that of a real estate broker or stock broker. If the license is required to protect the public from unqualified persons, an assignment of that license to secure a loan would probably not be enforceable.

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FAQ

Will I ever need to obtain a seller's permit or resale license in New Hampshire? No. New Hampshire does not impose a state sales tax, so you won't need a seller's permit or a resale license to make sales within the state of New Hampshire.

You don't need to worry about seller's permits to sell goods or services online because New Hampshire doesn't collect sales tax. You do need to comply with any industry specific requirements.

Initial New Hampshire LLC Fees State FeeState Filing TimeExpedited Filing Time$102*4 Weeks11 Business DaysState Fee$102*State Filing Time4 WeeksExpedited Filing Time11 Business Days

Two Ways to Start A New Business in New Hampshire Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the New Hampshire Secretary of State. Get your business licenses. Set up a business bank account.

In New Hampshire, starting a small business, particularly a sole proprietorship is possible without filing any legal documents with the state. All of the licensing and permits can be done within the city or county.

But good news: New Hampshire doesn't require a general license to do business in the state. Meaning, your New Hampshire LLC doesn't need a general state business license. But depending on what type of business you run, your LLC might need an occupational license.

To obtain (and maintain) this license, the State of New Hampshire requires an application, a $150 fee*, extensive supporting documentation, and annual renewals.

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New Hampshire Assignment of Business License as Security for a Loan