Category: Business Formation & Planning
Small Business Job Act may not be helping with business formation
It was thought that the 2010 signing of the Small Business Job Act would make things easier for small mom-and-pop businesses, but it appears that might not be the case. The problem lies in what is considered a small business or start-up. Many financial institutions, funding agencies and government programs are defining a start-up...
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...
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...
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...
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...
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...
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...
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...