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 […]

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 […]

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 […]

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 […]

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 […]

New Limited Liability Company Act Law: a Boon for Small Business

SB 203- The Limited Liability Company Act On June 18, 2012 Gov. Lynch signed into law SB 203, the Limited Liability Company Act. The legislation completely rewrites RSA 304-C, the New Hampshire law on Limited Liability Companies. This Act was drafted by a committee of attorneys at the behest of the Business and Industry Association. I was privileged to be one of […]