As AI tools become more common in business for content creation, marketing, design, or automation, company owners need to understand how copyright law treats AI-generated content. Under current U.S. law, works created solely by AI generally cannot be copyrighted. However, content that combines meaningful human creativity with AI assistance may still...
A personal guarantee makes an individual personally responsible for a business loan if the business cannot repay it. This means the lender may pursue personal assets such as bank accounts, wages, or property to satisfy the debt. Before signing, business owners should understand how guarantees affect liability, how they can be...
Mergers and acquisitions involve the combination of two businesses to increase profits, improve efficiency, and enter new markets. Companies involved in M&A are subject to complex regulations that must be cleared before the deal can move forward. It’s critical to have legal counsel represent your organization, but there are added benefits to...
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