Banking, Financial Services and Insurance

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?

 

David R Brown

Current City: Gilbert, AZ

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n/a

Reid Petersen

Current City: Sparks, NV

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Hilary A. Cable

Current City: Altadena, CA

 

Hilary Cable provides freelance social media and online community management, writing and editing services to small business. She has 25 years experience in business insurance and risk management, and spent 8 years as a newspaper copy editor. Hilary has a bachelor’s degree in English with a minor in journalism from Cal Poly Pomona.

Hilary is a Certified SCORE Mentor. She is also active in Altadena’s Community Emergency Response Team, volunteers with GreySave Greyhound Adoptions in Pasadena, and is a HAM radio operator (the original international social media). 

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Education

BA Cal Poly Pomona 2001, English with a minor in print journalism

Kaemba Mwale

Current City: Louisville, KY

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n/a

SBA - Ten Steps to Consider when Starting a Business

Latin Business Today discusses what return on investment (ROI) and why it is one of the most important factors that small business owners should be tracking.

By Latin Business Today

John Amdall

Current City: Washington, IL
Chapter: Peoria SCORE

John spend 37 years with Caterpillar with the last 10 years as the Director of Research & Technology.  Areas of strength include strategic planning, mergers, acquisition, nonprofits and people development.

John has conducted strategic planning exercises with several nonprofits to help them establish goals and direction for the future.

John's goal is to use is experience to "give back" through SCORE and other involvements with nonprofits.

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Education

BS and MS in Mechanical Engineering from the University of Missouri - Columbia

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