New Hampshire has no state personal income tax, and LLCs owe Business Profits Tax (BPT) and Business Enterprise Tax (BET). A Wyoming holding company does not erase New Hampshire's own entity-level obligations on a New Hampshire subsidiary, but it can still add liability separation and keep the parent's ownership off New Hampshire's public LLC filings.
This is the single biggest thing to understand about New Hampshire LLC taxation: the state has no personal income tax, but it taxes the business itself directly through the Business Profits Tax (7.5% of net income) and Business Enterprise Tax (0.50% for 2026) once gross receipts cross fairly modest thresholds — roughly $103,000 for BPT and $281,000 for BET. These apply to LLCs, partnerships, sole proprietorships, and S-corps alike, regardless of federal entity classification or S-Corp election. New Hampshire does recognize the federal S-Corp election, but electing S-Corp status does not exempt the business from BPT or BET — those apply either way.
The general federal tax treatment of holding companies (consolidated filings, dividends-received deductions, and the like) is set at the federal level and does not change state to state — what changes is the entity-level tax New Hampshire itself charges an LLC or corporation formed or registered there.
New Hampshire does not tax wages, earned income, or (since January 1, 2025) interest and dividends at the personal level, and it levies no general sales tax. What it does instead is tax business activity directly: the Business Profits Tax reaches 7.5% of an entity's net business income above the gross-receipts threshold, and the Business Enterprise Tax takes 0.55% of enterprise value, with BET creditable against BPT. For a holding structure this matters because the taxes apply per entity, not per group — a parent that merely owns the subsidiaries and collects distributions typically has a thin BPT base, while each operating subsidiary is taxed on the profits it actually earns. There is no consolidated election that erases this, so the right way to think about New Hampshire is no personal-level tax on the owners, but a real entity-level tax wherever the operating income is generated.
New Hampshire has no flat corporate franchise tax and no general sales tax. Instead, a corporation operating in the state pays the Business Profits Tax (BPT) at 7.5% on taxable business income once gross receipts exceed $109,000, plus the Business Enterprise Tax (BET) at 0.55% on its enterprise value tax base (compensation, interest, and dividends paid) once that base or gross receipts exceed $298,000. BET paid is creditable against BPT, and the recurring state filing is the $100 Annual Report due April 1.
New Hampshire LLCs must file Annual Report with New Hampshire Secretary of State (NH QuickStart portal), due April 1 each year, with a fee of $100.
A $50 late fee applies to reports filed after April 1. Failure to file for two consecutive years results in administrative dissolution by the Secretary of State.
A common structure pairs a Wyoming LLC as the parent with a New Hampshire entity handling operations, holding property, or running a New Hampshire-facing business.
The New Hampshire entity still owes whatever New Hampshire itself charges — Business Profits Tax (BPT) and Business Enterprise Tax (BET) — regardless of where its parent is formed; pairing it with a Wyoming LLC does not change the New Hampshire subsidiary's own filing or tax obligations. What the Wyoming parent adds is liability separation, and the Wyoming company's own ownership stays out of New Hampshire's public LLC filings.
For more on the general structure, see the Wyoming holding company guide and how to set one up.
Tax agency reference: New Hampshire Department of Revenue Administration (DRA) (revenue.nh.gov). Corporate filings: NH Department of Revenue Administration.
Note: Tax rates, fees, and thresholds shown here reflect state tax research last verified July 2026; reconfirm current figures directly at revenue.nh.gov before relying on them for a specific filing.
New Hampshire's tax treatment of a holding structure comes down to its lack of a state personal income tax and its Business Profits Tax (BPT) and Business Enterprise Tax (BET). If you have questions about structuring a Wyoming-New Hampshire holding arrangement, reach out through our contact form.
If you have questions about structuring a Wyoming-New Hampshire holding arrangement, reach out through our contact form or call +1 (307) 683-0983 to speak with one of our experienced Business Success Advisors. Visit our homepage and blog for more.