The NH Revised Limited Liability Company Act

On January 1, 2013 the NH Limited Liability Company Act will be replaced in its entirety by the New Hampshire Revised Limited Liability Company Act (the “New Act.”)  Since the first New Hampshire limited liability companies were formed in 1993, they have become the entity of choice for both small and large businesses in New Hampshire.  Businesspeople, courts, creditors and many others having conducted business in the form of and with limited liability companies have, through their experiences and interactions found the limitations, uncertainties and ambiguities in the current act.  Although the New Act retains most of the provisions of the current act, many of them have been revised to eliminate those uncertainties and ambiguities, and to make the New Act particularly user-friendly for small New Hampshire businesses.

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