The importance of compliance for businesses

As many Massachusetts business owners know, there are often quite a few steps involved in business creation. However, it is important for business owners to take time out from their day-to-day operations to make sure they don't overlook seemingly small details that can cause big problems if they are not...

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Office Depot-Office Max merger gets FTC approval

Business owners in Worcester may be interested in the progress of a merger between Office Depot and Office Max. The companies are the second and third largest office-supply chains in the country, and they hope the merger will help them better challenge Staples and online retailers. Office Depot will buy Office Max in the...

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Bank of America considers further consolidation

Bank of America, which operates a number of branches in Massachusetts and other states, is reportedly considering merging some of its subsidiary divisions into one unit under the parent company's name. A spokesperson for the bank said that the merger would reduce the number of distinctly named legal entities that the major bank operates...

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Jordan Hospital, Beth Israel sign merger deal

Jordan Health Systems Inc. and Beth Israel Deaconess Medical Center entered a merger agreement to combine their Massachusetts companies. Plymouth-based Jordan Hospital will likely change its name following the business reorganization to fit with the system that includes Beth Israel Deaconess-Milton and Beth Israel Deaconess-Needham.

Jordan will continue to operate with its own...

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Tax tips for starting a business in Massachusetts

Whether an individual plans to start a business or has just started one, it's important to know the federal tax responsibilities he or she has. There are some basic tips the U.S. Internal Revenue Service (IRS) wants new business owners to know. For instance, it's important to know the type of business the company...

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Snack food maker seeks increase in sales

Hanover-based Utz Quality Foods Inc. has a plan to achieve a total of $1 billion in sales by the company's 100th birthday in 2021. The company makes pretzels, potato chips and other snacks. In the last two years, Utz has acquired three companies on its path to hitting $1 billion. Many...

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17-year-old creates app that grabs attention

Massachusetts residents may have heard about an app, created by a 17-year-old British boy, that has millions of downloads so far and has gained the attention of Yahoo, who purchased the rights for an amount rumored to be around $30 million. The business entity selection is said to be based not on a...

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Boston can be great place to start business

Although Harvard Business School graduates have been lukewarm about starting businesses in Boston, the city has much to offer a start-up company. The act of business formation should always take into account the benefits as well as the disadvantages of company start-ups, and Boston, which many feel is not friendly...
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Ultrasonix acquired by Analogic Corporation

Analogic Corporation, a company that specializes in medical imaging and aviation security, has announced its acquisition of Ultrasonix Medical Corporation. The business formation cost the company $83 million, which may be adjusted per the purchase agreement. Ultrasonix supplies ultrasound systems that are compatible with Analogic's current technology. The purchase will...

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