Allegra Boverman for NHPR

A Democratic senator from Concord is hoping to close a so-called loophole in New Hampshire’s election laws that he says undermines the state’s limits on campaign contributions.

About 120,000 Granite Staters -- almost 10 percent of the state’s population -- are members of an LLC, or Limited Liability Corporation.  But too many LLCs fail because of internal disputes, says John Cunningham, a Concord lawyer and expert on LLCs.  On January 1, a revised LLC act that was signed by Governor Lynch in June will go into effect.  Cunningham -- who was the principle author of the original LLC law and chaired the committee that wrote the new act -- says the new law sets out to reduce disputes between LLC members by clarifying their responsibilities. He gives this example: