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Business Law

Goodwill and Non-Compete Agreement in Business Sales

The treatment of money allocated to goodwill and non-compete agreement in business sales concerned a Nashua area small business owner. The business owner had been working with a business intermediary (business broker) to sell her business. The attorneys were brought in very late in the transaction. Until that time, for whatever reason, little attention was […]

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Selling Your Business in New Hampshire:

5 Important Considerations Many New Hampshire business owners have questions about selling their business. Here are five tips to assist a business owner to familiarize themselves with the process: 1.Make Sure Potential Buyers Are Qualified Working with a buyer who will not be able to complete a transaction is a huge waste of time (and […]

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Amherst, New Hampshire estate planning client asks:

Is an LLC a good way to hold and transfer the family vacation home? Since family vacation homes often provide a refuge for family members to gather and enjoy one another’s company, parents are often in search of ways to keep these properties in the family. Before implementing such planning, however, parents should gauge whether […]

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Nashua business owner asks: How to Avoid Being “Double Taxed”

Nashua business owner has concerns about how to avoid (or minimize) being “double taxed” when he sells his business that has been operated as a C-corporation Selling a business requires careful tax planning; especially where a business has operated as a closely held C corporation and the proposed structure of the deal is an asset […]

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UPDATE: Is Uber legal in New Hampshire?

Until recently, the legality of ridesharing services like Uber and Lyft in New Hampshire depended on where in the state you were. Different regulations in different cities and towns made it difficult for rideshare drivers to determine whether they were taking a risk of being fined. Recognizing this problem and acknowledging the changing landscape of […]

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Nashua Business Planning Client Real Estate Transfer Tax Question

Nashua business planning client owning several rental properties has concerns regarding being caught in New Hampshire’s real estate transfer tax (RETT) net. Can property be transferred from a joint tenancy with rights of survivorship to a newly created LLC for added liability protection and administrative ease? Can real estate held as “tenants in common” be […]

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The small business owners lament…

“I’m too busy running the company” – “That’ll never happen to me” Some all too common refrains uttered by hard working business owners are: “I’m too busy running the company” and “That’ll never happen to me.” In our firm’s estate planning/business planning practice it is evident that most New Hampshire business owners have not reviewed […]

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Nashua, NH: Concerns About Estate Taxes and Business Succession Plan

Nashua Small Business Owner has Concerns About How Estate Taxes Will Affect His Business Succession Plan. Estate taxes and proper estate planning are an important consideration for all New Hampshire closely held business owners. A successful small business recently asked how the IRS will establish “fair market value” for their closely held business that is […]

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Business Succession Planning, Nashua, New Hampshire

A Nashua, New Hampshire business owner has concerns about business succession planning for her family business. A business owner who is nearing retirement age recently asked what were some initial issues to consider, right now to help to transition her successful small business to her children. The following are some basic questions all business owners […]

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