{"id":13041,"date":"2013-01-01T14:31:38","date_gmt":"2013-01-01T19:31:38","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=13041"},"modified":"2013-01-02T09:41:28","modified_gmt":"2013-01-02T14:41:28","slug":"new-l-l-c-act-clarifies-rules-for-small-businesses","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2013\/01\/01\/new-l-l-c-act-clarifies-rules-for-small-businesses\/","title":{"rendered":"New L.L.C. Act Clarifies Rules For Small Businesses"},"content":{"rendered":"<p>About 120,000 Granite Staters &#8212; almost 10 percent of the state\u2019s population &#8212; are members of an LLC, or Limited Liability Corporation.\u00a0 But too many LLCs fail because of internal disputes, says John Cunningham, a Concord lawyer and expert on LLCs. \u00a0On January 1, a revised LLC act that was signed by Governor Lynch in June goes into effect.<\/p>\n<p>Cunningham was the principal author of the initial LLC law, and chaired the commission that drafted the new act\u2019s revisions. He says the purpose of the new act is two-fold.<\/p>\n<p>First, he says, the &#8220;most important purpose is to make the act as user friendly as possible for small New Hampshire businesses.&#8221; \u00a0The other purpose, Cunningham says, &#8220;is to make it as flexible as possible so you can tailor your arrangements with your partners to the maximum extent.&#8221;<\/p>\n<p>The new law goes into effect for newly formed\u00a0LLCs\u00a0in the new year, and is optional for existing\u00a0LLCs\u00a0until January of 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 120,000 Granite Staters &#8212; almost 10 percent of the state\u2019s population &#8212; are members of an LLC, or Limited Liability Corporation.\u00a0 But too many LLCs fail because of internal disputes, says John Cunningham, a Concord lawyer and expert on LLCs. \u00a0On January 1, a revised LLC act that was signed by Governor Lynch in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[51,53],"tags":[276,502],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/13041"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=13041"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/13041\/revisions"}],"predecessor-version":[{"id":13045,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/13041\/revisions\/13045"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=13041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=13041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=13041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}