'Off-the-shelf' agreements embedded in new LLC law
The agreements are a major boon for New Hampshire small businesses that lack tailored operating agreements
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The agreements are a major boon for New Hampshire small businesses that lack tailored operating agreements
Changes mean the real estate transfer tax likely won’t apply to conversions
The act’s provisions are so much stronger that not adopting them early might be a big mistake
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…
New Hampshire's new LLC act will become effective on Jan. 1, 2013, for LLCs formed on and after that date. But what about the roughly 50,000 New Hampshire LLCs that, on that date, will already be in existence? The short…