Estate Plan: The Biggest Mistakes to Avoid

Mistakes to avoid in an Estate Plan An estate plan is not something most people want to spend time on when thinking about the inevitable—our own mortality. If you don’t, however, you may be leaving a mess for your loved ones. It is not enough to just “make a plan.” It is important to make […]

LLC and S Corp: The Best of Both Worlds

The Best of Both Worlds- LLC and S Corp You have a successful business and you very wisely registered your business as a limited liability company vs. an s corp because of its simplicity, flexibility and, whether or not you knew this, an LLC can provide even more liability protection than a corporation. Now some […]

Do You Need a D/B/A or Trade name?

What is a D/B/A or Trade Name? By Elizabeth A. Brown, Esq A D/B/A (Doing Business As) (also called a Trade Name) is an official filing you make with either the local or statewide government offices for registering the name under which you will be conducting business. In New Hampshire if you wish to do […]

The “Estate Plan” for your Small Business

A Small Business Estate Plan By Liz Brown Just as you need estate planning documents to protect the future of your family, your small business needs an estate plan to take care of your business in the event of your death or disability. Unfortunately, too many small businesses simply “hope for the best” rather than […]

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 […]