Private equity firms are showing growing interest in family-owned businesses—and for good reason. These companies often offer long-term value, deep community roots, and significant untapped growth potential. For family business owners, welcoming outside investment can provide access to capital, operational support, and a path to succession planning. But private equity transactions also come with unique…
Selling a business in Massachusetts can result in very different tax outcomes depending on how the transaction is structured. Asset sales and stock or ownership interest sales are taxed differently, and the allocation of the purchase price can significantly affect capital gains and ordinary income exposure. Sellers may also have opportunities to defer taxes through…
Key Points: An IRS business audit reviews your financial records to confirm that your income, deductions, and tax payments were reported accurately. During the audit, the IRS may request documents, ask questions about your operations, and examine your accounting methods. Most audits involve both written correspondence and some form of in-person verification, depending on complexity….
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 qualify for protection. Massachusetts…
Imagine a growing company in Massachusetts that’s riding high on a wave of new contracts. Sales are up, hiring is steady, and expansion is underway. Then a supplier fails to deliver, a former employee files a lawsuit, and the company’s biggest client suddenly misses a payment. The fallout could’ve been prevented—or at least reduced—if the…
If your business relies on third parties to produce goods, a manufacturing agreement is one of the most important contracts you’ll sign. It defines the relationship between your company and the manufacturer, setting expectations for quality, timing, pricing, and risk allocation. Whether you’re launching a new product line or scaling production, a clearly written agreement…
What Is the Corporate Transparency Act (CTA)? 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 CTA might require your company to report…
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 among the most…
New businesses frequently offer their first employees equity in the company as a form of compensation. Owning a stake in the business can be a lucrative financial asset for the employee if the company’s stock value increases. Equity compensation can therefore act as an incentive for the employee to invest him- or herself personally in…
Buying an old business can bring exciting opportunities for the company or individual who is making the purchase. However, anyone who has been in business long enough can appreciate how complicated these deals can be. There is a great deal of negotiating and due diligence to conduct with respect to the target company. One particular…
