Many entrepreneurs dream of watching their children take up the family business and continue their legacies. These generational transitions are never easy, however. They come with not only emotional but plenty of legal challenges as well. SederLaw has Estates & Trusts attorneys who work hard to make the handover as...
Category: Business Formation & Planning
Doing Business As (DBA) for Massachusetts Businesses
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,...
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....
Why a Business Succession Plan is Necessary for Your Family Business
Business succession planning involves implementing strategies to determine who will take over and run a company after its current leadership is no longer in charge. Developing a business succession plan is a key step in protecting a company’s legacy and ensuring its future is in good hands. Every organization can benefit...
Business Succession Plan Checklist
A business succession plan is like an estate plan for a business. These are especially useful for family-owned and closely-held companies which would otherwise have no procedure for replacing leaders who die, retire, or become incapacitated. With the right plan in place, your company can continue to operate smoothly with the...
Small Business Owners and the Annual Tax Crunch
Before you file away last year's paperwork, make sure you review everything and set aside any information that you need to file taxes. This can include employment records, donations and receipts for work expenses.
You can also collect the tax forms you will need to file and review them. Having these in advance can give...
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Starting a New Business? Meet Your Attorney Early In the Process
If you are starting a business, in addition to meeting with bankers, financiers and other business owners, you should find and begin a relationship with an attorney. During the start up process, you may have noticed that there are legal implications to virtually every decision you make.
Legal Forms For Starting a Business
What
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Small businesses must be aware of their requirements under the ACA
As a small business owner, you want to do everything in your power to ensure your continued success. While much of this success will depend on the decisions made during your formation and the business strategies adopted going forward, it will also depend on your ability to ensure compliance with all applicable regulations --...
What form will you choose for your business?
Starting a new business is a daunting prospect. There are a multitude of issues that all must be dealt with simultaneously. You have to have the idea and the concept for your new business. There are the mechanics of obtaining sufficient funding, whether through traditional banks, venture capital or new forms like crowdfunding with...
Does your Massachusetts LLC need an operating agreement?
While Massachusetts Limited Liability Company Act does not demand that your LLC have a formal operating agreement, it is generally a good idea to have one in place. The operating agreement serves many purposes and is flexible, so it can easily be tailored to meet your businesses specific needs.
As the name suggests, one of...