A deal database lists 694 New Hampshire companies recently sold across 426 transactions, involving 87 private equity investors and 459 corporate buyers.
Mergr, 2026
When you sell a business in New Hampshire, the state taxes neither wages nor capital gains, as of 2025. A business still pays the 7.5 percent Business Profits Tax, and for a sole proprietor its base includes gains on assets used in the business.
New Hampshire has fewer employer businesses than most states. The state takes none of the gain. Expect a tax on the business itself on the way out.
Tax on the gain: No personal tax on wages or gains; the 7.5% business profits tax still reaches gains on business assets.
Today
Where you stand
The elements this touches
The deal team on what changes when you sell a business in New Hampshire.
Before the letter of intent
What New Hampshire takes
No tax on wages or gains and the interest and dividends tax ended in 2025, but every business organization pays the 7.5 percent profits tax and the 0.55 percent enterprise tax.
No personal tax on wages or gains; the 7.5% business profits tax still reaches gains on business assets.
A founder on film
On what he learned about tax on the way to the sale.
Lewis Titus Wastewater purification and manufacturing · Wyoming
New Hampshire levies no tax on wages or capital gains, and its interest and dividends tax was repealed for 2025.
The Business Profits Tax is 7.5 percent of taxable business profits for periods ending on or after 31 December 2023.
The Business Enterprise Tax is 0.55 percent of the enterprise value tax base for periods ending on or after 31 December 2022.
The rate is the state's top rate on the gain for the year shown, the same figure as the indicator in the hero, so the two can never disagree.
The elements this touches
Under contract and at closing
The rules of the sale
Non-competes are void for anyone earning up to twice the federal minimum wage.
A non-compete with an employee earning up to 200 percent of the federal minimum wage is void, and an employer may not require one, since September 2019.
New Hampshire General Court, 2019
The elements this touches
One thing you would not guess
The no-income-tax state taxes the sale of a sole proprietorship: a proprietor's gross business profits include gains on assets used in the business.
For a proprietorship, gross business profits under the Business Profits Tax are net profit adjusted by gains or losses on the sale of assets used in the business.
The same rule reaches partnerships and trusts: gains on the sale of partnership assets or assets held for business use are added to the taxable base.
When the process opens
Who buys
New Hampshire companies draw both private equity and corporate buyers, and the corporate buyers far outnumber the funds.
A deal database lists 694 New Hampshire companies recently sold across 426 transactions, involving 87 private equity investors and 459 corporate buyers.
Mergr, 2026
The elements this touches
What these buyers look for
A buyer looks for pricing power before they look at growth. When costs go up, who pays?
Nick Long CEO and co-founder
Day 0, and the years after
After the close
A New Hampshire trust can be written to run without a time limit.
Proceeds land. What the state keeps of them is settled above; what it lets them do from here is below.
Since 1 January 2004 the common-law rule against perpetuities does not apply to a trust whose instrument opts out and whose trustee can sell or lease property.
Post-exit planning is the third act of the same engagement, done with outside experts, and it starts before the letter of intent, when a move or a trust can still change the answer.
FNDRSThe elements this touches
People who walked it
Founders
From founders elsewhere
No founder in New Hampshire is quoted yet. These are founders in other states, quoted word for word, each described by role and state.
“I definitely don't think we'd be in the same spot without you guys.”
No founder in New Hampshire is on film yet. These are founders in other states who worked with FNDRS.46 founders on film
Nearby
| Northeast | Tax on the gain | Complexity | Deal volume |
|---|---|---|---|
| Connecticut | 6.99% 2025 | Medium | Medium |
| Maine | 7.15% 2025 | Medium | Low |
| Massachusetts | 9% 2025 | Medium | High |
| New Jersey | 10.75% 2025 | Medium | High |
| New York | 10.9% 2025 | Medium | Very high |
| Pennsylvania | 3.07% 2025 | Medium | High |
| Rhode Island | 5.99% 2025 | High | Very low |
| Vermont | 8.75% 2025 | Medium | Very low |
Your next step
Know where you stand in fifteen minutes, or talk the New Hampshire sale through with a dealmaker. Either way, no pitch and no obligation.
No pitch and no obligation. If the honest answer is not yet, we will say so, and say what to work on.