Published Mar. 17, 2013
Ask SCORE
After working for more than 25 years in the publishing industry, the company I worked
for downsized and I accepted an attractive buyout package. Now I’d like to start my own
business. What do I do first?
About the Author
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.
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Lee worked 44 years in Technical marketing field for Caterpillar, Inc., most recently as Senior Marketing Professional working with independent dealers identifying improvement opportunities with their product support operations. This also involved training of service managers and first line supervisors with the business management of the product support operations. Lee was invovled with product development team for introduction of new and updated products.
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Resume
Education
Lehigh University - BSME
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Starting as a commercial lender to the largest and smallest companies over 40 years, today I consult. Areas of interest are business plan strategy and creation, cash flow improvement, loan recovery, loan reporting and due diligence, and originating or improving banking relationships.
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Resume
Education
CPA State of Illinois
MBA in Finance Booth School of Business, University of Chicago
Bachelor of Science in Economics, Wharton School, University of Pennsylvania , marketing major
Published Feb. 8, 2013
Q: What are limited liability companies (“LLCs”), and what should businesses know
about them?
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:
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Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.
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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.
Published Feb. 7, 2013
Ask SCORE
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?
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Current
City: Palm Desert, CA
30 years experience at all levels of light and heavy manufacturing management.
Expertise: Manufacturing/Assembly Management, Start Up, Business Planning, Leadership, Quality Control, Budgeting, Logistics and Manufacturing/Plant Engineering.
Skilled and accomplished at all levels of manufacturing manage from floor level supervisor to plant manager. Developed business plans and successfully launched several new products. With 30 years experience in manufacturing I am well grounded in start up, quality control, budgeting, planning, supply management and manufacturing/plant engineering.
I have a Business Administration Degree and Associates Degree in Industrial Engineering from the University of Michigan.
Currently reside in Palm Desert California, am a member of the Detroit SCORE Chapter and have been counseling since 1998.
Will phone and site counsel as required.
Have been counseling since 1998.
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Resume
Education
Bachelors Degree in Business Administration University of Michigan
Associates Degree Industrial Engineering University of Michigan
Ask SCORE
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.....
Ask SCORE
Over the past 15 years, nearly two-thirds of new jobs have been generated by small businesses. Yours may be one of them. That’s good news for your local economy, for your customers whose expectations for quality service are higher than ever, and for you, as you can focus your energies on other priorities.
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Current
City: Rockport, TX
35 years as a CPA, working for an international firm (7 years) and independently providing audit and tax services to medium sized companies. 5 years teaching accounting courses at California State University, Monterey Bay. Nonprofit experience includes CFO at Hospice of the Central Coast (7 years), accounting and taxation for various small nonprofit organizations. Rental manager for short-term rentals (7 years).
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Resume
Education
1977 BS-Accounting California State University, Sacramento
This document details the requirements for forming a not-for-profit organization in Connecticut.
STARTING A SMALL BUSINESS IN CONNECTICUT
FORMING A NOT-FOR-PROFIT ORGANIZATION
BACKGROUND
Forming a not-for-profit organization is allowed under Section 501 (c) of the Internal Revenue code and must follow some strict guidelines. There are two general categories of not-for-profits:
Provides steps to set-up a non-profit organization to comply with federal and state requirements. Also includes samples of Articles of Incorporation, By-laws and funding sources.
