The Corporate Transparency Act (CTA), which went into effect in January 2024, is intended to help the government fight various illicit financial activities like money laundering and tax evasion. If you are a business owner, you need to understand that the...
Forming a partnership is one of the best ways to conduct business. It allows owners to pool their resources and knowledge so they can work together for the benefit of each other and the company. By the same token, many partnerships have fallen apart due to conflict and disagreements. Partnership disputes are...
If you’ve built a successful business, the time may come for you to franchise it. Although franchises are excellent opportunities for a business to reap substantial rewards, many of them end up failing. It is imperative that the company’s owners know the risks as they thoughtfully make the decision to franchise. Below...
Summer internships are a great way for businesses to recruit young talent. Giving a college student an internship at your company allows you to get to know each other, and see if there is a possible fit for future full-time employment. With one of the largest pools of college and postgraduate students...
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...
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
Business owners are familiar with the benefits of forming limited liability companies (LLCs), such as pass-through taxation and shielding owners from personal liability. But LLCs can be used as part of an estate planning strategy as well....
Whether you are starting a new business or already doing business in Massachusetts, you’ve probably wondered about a way to brand your business so it stands out from the crowd. Sure, you can use your own name or that of your entity. But, you may have chosen that name to reflect ownership,...
Contracts are the backbone of good business, ensuring that all parties to an agreement perform as they’ve promised to do. However, just because a document is called a contract does not automatically make it enforceable. Some “contracts” don’t contain the necessary statutory elements while others violate public policy, for instance. SederLaw...
Limited Liability Companies (LLCs) have quickly become one of the most popular forms of business entities here in Massachusetts. Combining some of the best aspects of partnerships and corporations, LLCs allow you to craft an entity that can serve many different purposes while helping to shield your personal assets from business creditors....
