40 plus years in the field of business credit. Former Chief Operating Officer of the nations largest commercial collection agency, Dun & Bradstreet Receivables Management Services. Executive Director of the Commercial Collection Agency Association a section of the Commercial Law League of America. Seminar leader and author of several Dun & Bradstreet Business Education courses on credit decision making, cash flow, budgeting and strategic planning.
MBA, St. John's University, in Economics.
Q: What are limited liability companies (“LLCs”), and what should businesses know
A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:
Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.
About the Author
John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups.
I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?
This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration. Have a question you’d like answered in this column? E-mail it to firstname.lastname@example.org, with “Ask SCORE” in the subject line.
Review the 15 key areas of the Business Check list before your start your business.
My partner and I have been running our laser engraving business ourselves for the past two years. We’ve reached the point now where we’re both completely maxed out, so we’re considering hiring at least one employee. Where do we start Read more.....
This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.
Have a question you’d like answered in this column? E-mail it to email@example.com, with “Ask SCORE” in the subject line.
Every year we all shell out exorbitant amounts of money for unnecessary items like cookie dough, candy and giftwrap in an attempt to support our local schools. But most of that money ends up going to the fundraising company instead! One parent, Jeannie Williams, had had enough. She decided to turn this grievance into a business opportunity and utilize her organic farming skills all at the same time. Soon, Gardens 4 Educations, an ingenious fundraising program that both fosters healthy habits and results in more profits for schools, was born.
The Gardens 4 Education fundraiser started as an easy to use garden kit in a disposable six-pack carrier. Jeannie first tested out the practical use of her concept in her daughter’s classroom during the Spring of 2011. The fundraiser was a hit. That Fall, she sought the help of SCORE and her mentor, Harley Roberts, helped her work through many of the questions and issues she faced as a new business owner. Harley connected Jeannie with ABLE Industries, an assembler and distributor committed to improving the lives of people with disabilities by creating opportunities to maximize their independence.
The garden kits have now evolved into a four-pack of large plants in a reusable garden tote with advertising space sold on the side. This advertising opportunity increases even further the significant profit potential of the fundraiser for schools; while most fundraising programs offer 20-40% of profits to the school, Gardens 4 Education offers 50% plus the advertising potential.
In 2013 the Gardens 4 Education fundraiser will be available to all schools in the Kings and Tulare counties of California.
What's Great About My Mentor?
Jeannie reflects on her mentor’s influence saying, “I feel very fortunate to have Harley Roberts as my SCORE mentor. He has helped me realize opportunities that I didn’t even know existed. His suggestion to contract assembly and shipping through Able Industries ultimately changed the direction of my distribution model to one that can grow and reach more schools. I don’t think he realizes just how instrumental he has been in helping me develop Gardens 4 Education into a viable business.”
How SCORE Helped
Jeannie plans to continue working with SCORE as Gardens 4 Education continues to grow. She say, “We have come a long way but there’s still a long way to go. It gives me confidence to know that I have a resource where I can get help from people who have been there.”
Latin Business Today discusses how to make your business eligible to compete for federal contracts.
If you’re a business owner of Hispanic descent, or a woman, or a U.S. veteran, you might not have thought of that part of your identity as a bonus to your business. But it can be, if you’re doing business with the U.S. government.
Norm Brown combines a business and legal education with extensive experience in everything from large corporations to tiny start-ups; his last position before joining SCORE was VP Technology Commercialization for a Fortune-500 defense contractor. A patented inventor and former Angel Investor, Brown focuses on New Products, New Businesses, and Intellectual Property. He's adept at building winning relationships via Development & Co-Marketing Agreements, Technology Licenses, Strategic Partnerships, and other complex agreements. He managed an incubator ranked #3 in America by the National Science Foundation in the percentage of new companies created around NSF-funded technologies. He has served on a number of start-up company boards, and he has supported the launching of over 30 companies based on licensed or transferred technologies.