Business Advice

The rules are changing for operating agreements

New Hampshire’s current LLC act (which I’ll call the “Old Act”) provides that an agreement among the members of an LLC about their rights and duties as members (an “operating agreement”) won’t be legally binding unless it’s in writing; and…

Estate planning for the business owner

There are more than 10 million small business owners in America. Seventy percent of family-owned businesses fail shortly after the transition to the next generation, often as a result of family discord, taxes, lack of liquidity or inexperienced management. A…

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