LLC

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…