Personal Services and Wellness

 

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.

Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses

Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses

Q: I’m starting a new business in New Hampshire. I will be its only owner. Should my business be a sole proprietorship, a single-shareholder corporation or a single-member LLC?

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.

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:
  • 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.

 

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?

 

 

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.

Arthur L Goldberg

Current City: Larchmont, NY

Arthur Goldberg

Chapter: Westchester SCORE

Career Summary: Expert in Business Start ups, Buying and Selling a Business, Business Budgets and Plans, Business Strategy, Sourcing, Warehousing and Shipping Products, Legal Issues, Purchasing Insurance

Industry Experience:, Distribution, Hard Goods Manufacturing, International Trade, Imports / Exports, , Personal and Professional Services, Retail and Wholesale Trade, Transportation and Warehousing

Mentoring Skills: Business Finance & Accounting, Business Operations, Business Strategy & Planning, Intellectual Property, Legal Services, Manufacturing & Product Development, Supply Chain Management

 

Resume

Education

MB MBA, University of Chicago                                                  CPA in NY, OH, IL

LL  LLM (in tax law), New York University School of Law             Attorney in NY, OH, IL 

JD,   JD New York University School of Law

 BBACity College of New York

Travis Johnson

Current City: Charlotte, NC

Resume

Education
n/a

A Quick Reference Guide for Start-up and Existing Small Businesses in Austin and San Antonio

Following a number of years in the insurance industry, five years ago I left my job to have a child and be a stay-at-home mom. Now that my son is beginning school, rather than returning to work, I’m thinking about starting a business. What advice can you offer?  Read more...

Bonnie Copeland

Current City: Costa Mesa, CA

Business start up, business plans, financing your buisness, financial projections, cash flow, budgeting, intellectual property, turn-arounds for troubled businesses. Retail, manufacturing, entertainment, the environmental industry and non-profits. I began my business career by starting a retail ski shop, which built to $1 million in sales as the ski industry boomed. When my daughter was born I soldl the ski business and became a stay-at-home mom entrepreneur. I sold custom portraits of children and pets through mail order and specialty shops. Five years later I sold the portrait business and entered the University of Pittsburgh M.B.A. program, majoring in Accounting and Finance. After graduating Magna cum Laude I worked as Assistant Controller and Factory Systems Analyst for a large aluminum foundry and rolling mill in Eastern Ohio. Two very cold winters later I moved to Southern California as Project Financial Analyst for Hughes Aircraft.I moved to Disney to manage the financial affairs for several divisions at the park as well as the construction of Thunder Mountain Railroad. I left Disney to work as a Special Projects Analyst for Shell Oil, then spent 11-1/2 years at Digital Equipment Corporation. At DEC I worked directly with the Western Vice President of Sales, managing the budgeting, reporting, and awards programs for a 300 person sales force. I also served as executive partner to several aerospace and banking companies, wrote the strategic plan for a new $50 million venture, served as national training manager for the Finance and Accounting organization, and as training liaison between Finance and Accounting and the sales group. In 1992 I took early retirement and became a SCORE volunteer. Currently, I work half-time doing marketing, accounting, and financial planning for a small family owned firm. I also work periodically with the Cal State Fullerton School of Business Entrepreneurship program and run three small businesses: consulting for several former employers, art beading and freelance writing

Resume

Education

BA, University of Pittsburgh, Cum Laude -- Studio Art Major, Theater and dance minor MBA, Univeristy of Pittsburgh, Magna Cum Laude, Finance and Accounting. 5 time winner, Chapter Cyber Counselor of the Year Award.

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