New Hampshire Business Review - February 12 2010

2003 letter to AG: freeze FRM assets

The New Hampshire Attorney General’s Office was asked in 2003 about freezing the assets of Financial Resources Mortgage Inc. -- more than six years before the Meredith firm went bankrupt.That bankruptcy could cost hundreds of investors millions of dollars in…

N.H. tax policy hurts small business

To the editor:I read with interest Tom Katsiantonis’ defense of the added tax on LLCs “Close loopholes, tax businesses fairly,” Jan. 15-29 NHBR).The assumption that because there is already one unfair business tax, that of double taxation on Subchapter S…

New Hampshire exports continue slide

After a decrease of 3.8 percent in October 2009, sales abroad by New Hampshire's exporting companies dropped another 6.7 percent in November – a $17.4 million drop that brought total exports to $240.4 million for the month.Exports were $42 million,…

On court decisions and coincidences

It is funny sometimes how seemingly different and disconnected events can be tied together as themes in politics and life. Recently, Doris “Granny D” Haddock celebrated her 100th birthday and shortly thereafter was given a lavish birthday party in the…

Profiles in disappointment

As you can see elsewhere on these opinion pages, the surreptitious decision last June to impose the state’s 5 percent interest and dividends tax on distributions from limited liability companies has caused the kind of firestorm that keeps politicians up…

FRM investors fume over lack of information

Ronny Bean heard about Financial Resources Mortgage Inc. through his brother, who knew Donald Dodge, owner of CL&M Inc., the company that originated the Meredith firm’s mortgages. Dodge was from Gilford, where Bean lives.But even with that endorsement, Bean wanted…