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The Liability Dangers of a New Hampshire Single Member LLC

Multi-Member vs a Single Member LLC:  Does it Make a Difference? One of the main reasons to form a Limited Liability Company for a business is for asset protection of the individual Members if the LLC incurs a liability- the assets of the company might be at risk but unless the members have signed personal […]

Are you Missing Out on a Great Tax Break?

Tax Advantages Do you have a successful business? Now that you have survived another April 15 (or 18) tax filing, it is time to start planning ahead to reduce your tax liability. Read on for more about a tax break next year. If you formed your business as a limited liability company because of its simplicity, ease […]

Starting A New Business: What Documents Do You Need?

Documents for a New Business Entrepreneurs are often caught up in the excitement of starting a business and don’t want to get distracted or bogged down by working on the recommended paperwork for their new business. Entrepreneurs are often anxious to get to the fun and MONEY MAKING part of a new business and they […]

Avoiding Small Business Disputes/Handling Conflict

An ounce of prevention in business disputes Business disputes are one area where an “ounce of prevention is worth a pound of cure.”  I have seen many small business disputes escalate into the tens of thousands of dollars because the parties did not have a written agreement, the agreement failed to include important terms, or worse […]

Multi-member LLC vs Single Member LLC

Why is the Liability Protection Greater for a Multi-member LLC? A limited liability company (“LLC”) provides a certain amount of liability protection that is very similar to the protection offered by a corporation. For example,  Samantha buys shares in ABC, Corp.;   ABC Corp goes bankrupt and Samantha loses her investment. However, as we all […]

Retirement account: Can you fund your business with it????

Are you considering purchasing a business? Buying a franchise? Need Money? What about your retirement account? There may be a pot of it in your retirement account whether it be a 401 (k) or IRA. Can that be used? I am hearing lots of ads on the radio that promise a way to use your […]

Medicaid Estate Recovery- Problems Of Expanded Medicaid

With Medicaid Estate Recovery, Expanded Medicaid Could Cost Some People their Inheritance As many of you know, the State of New Hampshire is allowed by federal law to file liens against property  and to recover from the estates of Medicaid recipients who have died. See (Medicaid Estate Recovery) at  www.dhhs.nh.gov/oos/eru/index.htm for an explanation of how this […]

Small Business Basics: Starting a Limited Liability Company (LLC)

Small Business Basics If you are a small business- one to five people who wish to join to together to run a business- you probably will want to create a Limited Liability Company or LLC. As a small business basics, you may have already done so. It is incredibly easy. All you need to do […]

US Supreme Court: Inherited IRAs not safe from Bankruptcy!!!

Inherited IRAs cannot be used for bankruptcy protection The US Supreme Court recently ruled that inherited IRAs are not “retirement accounts” for purposes of bankruptcy protection. Normally, a tax qualified retirement account is not available to creditors in a bankruptcy action. The Court ruled, however, that an inherited IRA, that is, an IRA inherited from […]

Durable Power of Attorney for Healthcare

New Category for Durable Power of Attorney for Healthcare The New Hampshire Legislature is considering a change in the statute authorizing a Durable Power of Attorney for Healthcare. The proposed change would create a new category of decision-maker: Surrogate (under the current statute, one who is authorized to make such decisions under a written Power of Attorney […]