NH House Passes LLC Reforms

CONCORD – House Speaker William O’Brien (R-Mont Vernon) and House Majority Leader D.J. Bettencourt (R-Salem) offered the following statements on the passage of Senate Bill 203, which revises and rewrite existing laws regarding limited liability companies (LLC) to making them more user-friendly.

House Speaker William O’Brien

“This is one more pro-business step we have taken to help the creation of good, new jobs here in New Hampshire. We need to get the Granite State back in the game of being competitive and helping our citizens.”

House Majority Leader D.J. Bettencourt

“These changes will make it easier for entrepreneurs to start small business and expand and hire employees. Our first goal was always to create jobs, and we have taken huge strides in that regard. The numbers bear this out, since the last Election Day, unemployment has dropped by one percent, and New Hampshire’s unemployment rate is among the lowest in the nation. This is a huge sea change from the past legislatures that passed many new regulations, increased state spending by a whopping 25%, and passed over 100 news taxes and fees. We have not lost focus on why we were sent here and will continue our efforts to create jobs, to bring fiscal responsibility to state government and to restore accountability.”