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,...
Category: Business & Corporate
What Makes A Contract Not Enforceable In Massachusetts?
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...
Ask the Attorney: Can I have multiple companies under one LLC?
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....
3 Effective Strategies to Resolve a Partnership Dispute
Partnerships offer a number of advantages over other business arrangements, including the combined efforts and skillsets of two or more partners. But like any other business, there is a chance that the partners will disagree with or misunderstand each other. This could quickly explode into a full-fledged dispute that may threaten to...
Essential Items For Your Massachusetts Business Contract
Every business owner understands the value of solid contracts. These agreements govern relationships both within your company and between your company and other parties, protecting the rights of your organization in the process. Not all owners know which terms should be included in the contracts they use, however. Although every agreement...
FTC Proposes Rule to Ban Noncompete Clauses
The Federal Trade Commission proposed a new rule potentially banning employers from imposing noncompetes on their workers. By stopping this practice, the agency estimates that the new proposed rule could increase wages by nearly $300 billion per year and expand career opportunities for about 30 million Americans.
Massachusetts...
Key Elements Of A Shareholder Agreement
A shareholder agreement, sometimes referred to as a stockholder agreement, is an understanding among shareholders that spells out how a company is to be operated. Moreover, the shareholder agreement includes provisions that govern the shareholders’ rights and responsibilities. These contracts are critical to ensuring that the best interests of shareholders are protected...
Important Steps To Take When Buying A Business
Purchasing a business should rightly be viewed as a process, rather than a one-time event. There’s too much at stake - your money, your time, and other opportunities you’ve chosen to forego - to rush through buying even the most appealing and profitable business. Our clients come to us seeking legal guidance...
Collecting Secured and Unsecured Debts as a Creditor
Collecting secured and unsecured debts as a creditor is no easy task, both because of legal hurdles and the difficulty of locating debtors and their assets. When deciding whether to pursue a debtor, the creditor must weigh the risks and expenses of litigation versus the potential payoff of collecting. Close attention must...
How To Prepare To Sell Your Massachusetts Business
For many business owners, there comes a time when the best decision is to sell the company and move on to the next stage of life. If you’ve reached the point where you’re ready to sell your business, there are a few important steps you need to take to do...