How to Syndicate an Apartment Deal in New Hampshire

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What is the New Hampshire Rule 506 notice filing?
How do you form the deal LLC in New Hampshire?
What New Hampshire landlord and tenant rules should a sponsor know?
What does New Hampshire charge when an apartment building sells?
How does New Hampshire property tax work for an apartment building?
Does New Hampshire tax the deal LLC or its investors?
How DoorRaise fits in
FAQ

To syndicate an apartment deal in New Hampshire, you form the deal LLC (or register an outside LLC with the New Hampshire Secretary of State), raise under Rule 506(b) or 506(c), and file a Form D notice with a $500 fee through NASAA's EFD within 15 days of your first New Hampshire sale. New Hampshire has no tax on wages, but it is not tax free for a deal: the business profits tax and business enterprise tax can reach the deal LLC, and property tax rates are among the highest in the country.

This is the New Hampshire version of our general syndication guide. It covers what changes when the building, the investors or both are in New Hampshire. It is general information, not legal advice.

What is the New Hampshire Rule 506 notice filing?

New Hampshire treats Rule 506 interests as federal covered securities and asks for a notice: a copy of the SEC Form D and the fee, filed through the NASAA Electronic Filing Depository (EFD) for the Bureau of Securities Regulation of the New Hampshire Department of State. DoorRaise's state data, from NASAA's fee schedule, lists the fee as $500, with a late fee of $500 if the notice is filed 16 to 90 days after the first sale in the state and $1,000 after 90 days. EFD shows the exact amount before you pay, and that amount wins. See blue sky notice filings and blue sky fees by state.

How do you form the deal LLC in New Hampshire?

A New Hampshire LLC is formed by filing a Certificate of Formation with the Secretary of State through QuickStart; the published fee is $100. Each year the LLC files an annual report, with a $100 fee, by April 1. An LLC formed elsewhere that will own New Hampshire property registers as a foreign LLC. Confirm fees with the Secretary of State before you file. See forming an LLC for a syndication and keeping the LLC in good standing.

Under RSA 540-A:6 and 540-A:7, a security deposit can be at most one month's rent or $100, whichever is greater, and the landlord returns it, with an itemized list of deductions, within 30 days after the tenancy ends. For unpaid rent, a landlord serves a 7 day demand for rent and notice to quit (RSA 540:3) before filing a possessory action. In most residential buildings a landlord also needs one of the reasons RSA 540:2 lists to end a tenancy. Your property manager should use New Hampshire forms.

What does New Hampshire charge when an apartment building sells?

New Hampshire's real estate transfer tax is $0.75 per $100 of price paid by the buyer and $0.75 per $100 paid by the seller, so 1.5% in all. Put your share in sources and uses.

How does New Hampshire property tax work for an apartment building?

New Hampshire has no sales or wage tax, so towns rely heavily on property tax, and rates are among the highest in the country. Each town assesses at market value and must revalue at least every five years, with an equalization ratio in between. Underwrite taxes from your purchase price adjusted by the town's equalization ratio and its current rate. See property tax reassessment in apartment underwriting.

Does New Hampshire tax the deal LLC or its investors?

New Hampshire does not tax wages, and its interest and dividends tax ended in 2025, but business organizations above set thresholds pay the business profits tax and the business enterprise tax, and rental activity can count. Ask your CPA whether the deal LLC must file. Ask your CPA early; the investor side is in state tax returns for nonresident syndication investors.

How DoorRaise fits in

DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), and verifies that every investor is accredited before they sign. Investors fund by wire into the deal's escrow account at Enterprise Bank & Trust. By default DoorRaise files the notice in the property's state; the first investor from another state pays that state's filing fee by card when they sign, later investors from that state pay nothing, and the sponsor never fronts it. Sponsors pay a $1,500 setup fee (non-refundable) and a flat $5,000 a year administration fee; see pricing or how it works.

FAQ

How much is the New Hampshire Rule 506 notice fee?

$500, per NASAA's fee schedule. EFD shows the final amount before you pay.

What happens if the New Hampshire notice is late?

DoorRaise's data lists $500 if filed 16 to 90 days after the first sale and $1,000 after 90 days.

Does New Hampshire tax a deal LLC?

Possibly, through the business profits tax and business enterprise tax, depending on thresholds.

How much is the New Hampshire transfer tax?

$0.75 per $100 from the buyer and $0.75 per $100 from the seller.

Sources

This article is general information as of November 2026, not legal, tax or investment advice. State laws and fees change: confirm with the state agency and your own attorney before you file. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.