Make this Estate Planning Move Right Now: Check your Beneficiary Designations

Market Watch recently had an interesting article listing six “”Horror Stories” about beneficiary designations. Often overlooked in estate planning, beneficiary designations can be an extremely important planning tool- or a “Horror Story.” The article can be found HERE. We recommend that all designations be reviewed with your estate planning attorney. This includes IRAs, 401(k)s, 403(b)s, brokerage accounts, life insurance policies, annuities […]

Transferring Real Estate to an LLC or other Entity: What about the Real Estate Transfer Tax

For many years, we advised small business clients to purchase real estate to be used in a business after the business was formed. Otherwise, if the real estate was purchased ahead of time in the personal name of the client, and then transferred later to the LLC or corporation, a second real estate transfer tax would be […]

Tips on Buying an Existing Small Business

Starting a small business is risky business. According to the Small Business Administration, only half of new businesses survive past five years. Sometimes an entrepreneur can skip some of the hassles of a new business start-up by Buying an Existing Small Business. Although buying an existing business might be less risky than starting a new […]

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 […]

When to Call an Attorney in the Age of Google

Many entrepreneurs and small business owners will spend hours scouring Google, Nolo and Findlaw trying to address their legal issue on their own rather than picking up the phone and contacting their attorney. Sometimes the legal issues are straightforward and Google might send the individual to the site with the correct answer. Other times the […]

When is a Guardianship Necessary? And How is One Obtained?

A Guardianship grants one person control over another person’s assets or even control over the actual person. Technically these are called Guardianship over the Person and Guardianship over the Estate. The process starts by the proposed Guardian petitioning Probate Court for an appointment through the Court’s electronic filing system. That Petition must meet certain requirements such as specifically […]

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 […]

Consulting Agreements for Small Business

Protect Your Small Business with Consulting Agreements Before Hiring,  by Elizabeth A. Brown, Esq When small businesses start to grow they frequently find themselves needing to hire consultants and independent contractors to help them expand their business.  This can be an exciting and potentially lucrative undertaking for a business.  But, before you get caught up in […]

Limited Liability Company Contracts– Words of Caution for the Small Business Owner

Take Caution When Signing Limited Liability Company Contracts by Elizabeth A. Brown, Esq One of the principal reasons for forming and conducting business as a limited liability company is to minimize the chance that you and the other members of the company will be held personally liable for debts incurred by or on behalf of the […]