Plymouth LLC-5% tax-public hearing

fatlazyless · 01-10-2010, 08:19 PM

Why not shop around for another bank willing to loan to a dba? Having a dba business liabilty insurance policy and/or using another property like your primary residence as collateral could end up having you living homeless, and under a Rt 93 bridge.

No, just kidding on the homeless bridge stuff, but the difference between an LLC and a DBA w/ insurance seems like it does not translate as to how well the mortgagor can repay the mortgagee.

.....correctimundo ?

brk-lnt · 01-10-2010, 08:52 PM

I haven't followed all of the details on this, but some questions:

Does this relate to LLC's *incorporated* in NH or with nexus/investors in NH?

Also, does this bring the LLC tax burden in-line with C-Corp's? (S Corps are kind of irrelevant for this, as far as what I can tell from what I've read).

I am an investor in a couple of non-NH LLC's and S Corps (and they don't pay out enough on a yearly basis for me to really be concerned at this point).

I have heard, though not fully investigated, that NH's tax burden on corporations is kind of extreme, which is part of the reason most venture companies operate in MA instead of in NH.

01-10-2010, 08:19 PM	#1
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,886 Blog Entries: 1 Thanks: 304 Thanked 1,044 Times in 761 Posts	Why not shop around for another bank willing to loan to a dba? Having a dba business liabilty insurance policy and/or using another property like your primary residence as collateral could end up having you living homeless, and under a Rt 93 bridge. No, just kidding on the homeless bridge stuff, but the difference between an LLC and a DBA w/ insurance seems like it does not translate as to how well the mortgagor can repay the mortgagee. .....correctimundo ? __________________ .... banned for life from local thrift store!

01-10-2010, 08:52 PM	#2
brk-lnt Senior Member Join Date: Aug 2007 Location: South Down Shores Posts: 1,944 Thanks: 545 Thanked 570 Times in 335 Posts	I haven't followed all of the details on this, but some questions: Does this relate to LLC's incorporated in NH or with nexus/investors in NH? Also, does this bring the LLC tax burden in-line with C-Corp's? (S Corps are kind of irrelevant for this, as far as what I can tell from what I've read). I am an investor in a couple of non-NH LLC's and S Corps (and they don't pay out enough on a yearly basis for me to really be concerned at this point). I have heard, though not fully investigated, that NH's tax burden on corporations is kind of extreme, which is part of the reason most venture companies operate in MA instead of in NH. __________________ [insert witty phrase here]