The independent contracting system allows businesses to hire an individual or company to perform specific tasks that are outside the scope of their normal operations. Yet the line between them and bona fide employees is often blurry, and some companies inadvertently (or even intentionally) misclassify their workers as contractors. This mistake could cost you significant…
Tracy Craig, Chair of our Trusts and Estates Practice Group, recently contributed an informative article to Kiplinger, focused on individuals interested in including charitable giving in their estate plans. This giving can take many forms. Oftentimes, a donor-advised fund can provide a very cost effective and easy way to give to charities, either during life or…
Corporate attorneys assist businesses with a myriad of compliance issues, including those that involve federal and state tax matters. Retaining experienced legal counsel can ensure your business does not run afoul of the often complex tax codes that the IRS and Massachusetts Department of Revenue (DOR) expect companies to follow. We bring a multidisciplinary approach…
In a recent judgment delivered by the Superior Court’s Business Litigation Session, attorney James A. Vevone II of Seder & Chandler, LLP, achieved a notable victory for his client in a case concerning the right of first refusal related to the acquisition of a railroad company. This legal challenge centered on the enforceability of the…
On January 1, 2024, new registration and reporting obligations for businesses and business owners under the Corporate Transparency Act came into effect. With certain limited exceptions, business entities (corporations, limited liability companies, partnerships, and similarly formed entities) must provide business ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Failure…
New businesses frequently offer their first employees equity in the company as a form of compensation. Owning a stake in the business can be a lucrative financial asset for the employee if the company’s stock value increases. Equity compensation can therefore act as an incentive for the employee to invest him- or herself personally in…
A guardianship is a legal arrangement by which an individual known as a guardian is appointed to make decisions about care and living environment for the benefit of someone who is incapacitated. Incapacity is defined as a medically diagnosed condition that renders someone incapable of communicating or making decisions about their personal health, safety, or…
Massachusetts Limited liability companies (LLCs) offer a number of tax and liability advantages to their owners. At the same time, members sometimes wonder how they should pay themselves from their LLCs without jeopardizing the financial health of their companies or flouting legal norms. Using a profit distribution An LLC owner can be paid by way…
Seder & Chandler, LLP is pleased to announce that associate Janelle A. Tanenbaum has been accepted into Class II of the New England Fellows Institute of the American College of Trust and Estate Counsel (ACTEC). Tanenbaum was nominated by the Chair of Seder’s Trusts and Estates Practice Group and ACTEC Fellow, Tracy A. Craig, who…
It’s tough to lose a loved one, but despite the grief, some tasks must be handled to deal with the estate. One potentially complex area is the transition of the decedent’s bank accounts to his or her beneficiaries. Seder Law’s Estates & Trusts practice aims to simplify the process by helping executors and estate representatives…
