{"id":1884,"date":"2011-05-23T17:25:50","date_gmt":"2011-05-23T22:25:50","guid":{"rendered":"http:\/\/www.cnht.org\/news\/?p=1884"},"modified":"2017-12-15T13:09:55","modified_gmt":"2017-12-15T18:09:55","slug":"lgcs-attempted-legislation-would-have-hidden-the-truth-says-investigators-attorney","status":"publish","type":"post","link":"https:\/\/www.cnht.org\/news\/2011\/05\/23\/lgcs-attempted-legislation-would-have-hidden-the-truth-says-investigators-attorney\/","title":{"rendered":"LGC&#8217;s Attempted Legislation Would Have Hidden the Truth, Says Investigator&#8217;s Attorney"},"content":{"rendered":"<p><em>CONCORD \u2014 &#8220;State officials say the Local Government Center attempted to \u201cinvent a previously unknown entity,\u201d a non-profit limited liability company, to \u201clegitimize a legally questionable corporate restructuring\u201d it arranged eight years ago.<\/p>\n<p>The LGC, a nonprofit formed to provide health insurance for public employees, did this by introducing legislation that would have given it legal status as a non-profit limited liability company, said Earle Wingate III, staff attorney for the N.H. Bureau of Securities Regulation.<\/p>\n<p>Funded by taxpayers and employees&#8217; contributions, the LGC is supposed to be a nonprofit, but there is no such thing in New Hampshire as a non-profit LLC, Wingate told the Herald. In fact, he confirmed, it&#8217;s an oxymoron.<\/p>\n<p>A non-profit organization is a tax exempt entity, while a limited liability company is taxable.&#8221;<\/em><\/p>\n<p><a href=\"http:\/\/www.seacoastonline.com\/articles\/20110523-NEWS-110529924\" rel=\"noopener\" target=\"_blank\">Read more at Seacoast Online &#8211; LGC\u2019s attempted legislation would have hidden the truth, says investigator\u2019s attorney<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CONCORD \u2014 &#8220;State officials say the Local Government Center attempted to \u201cinvent a previously unknown entity,\u201d a non-profit limited liability company, to \u201clegitimize a legally questionable corporate restructuring\u201d it arranged eight years ago. The LGC, a nonprofit formed to provide health insurance for public employees, did this by introducing legislation that would have given it [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[11,50],"tags":[],"class_list":["post-1884","post","type-post","status-publish","format-standard","hentry","category-legislation","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/comments?post=1884"}],"version-history":[{"count":6,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1884\/revisions"}],"predecessor-version":[{"id":6394,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/posts\/1884\/revisions\/6394"}],"wp:attachment":[{"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/media?parent=1884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/categories?post=1884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cnht.org\/news\/wp-json\/wp\/v2\/tags?post=1884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}