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...
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...
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...
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...
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...
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...
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,...
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....
Many successful business owners have at one point or another considered the notion of franchising their operation. And while franchises have the potential for substantial payoff, not all succeed. The risk-to-reward ratio simply may not be what the owner believes it is. Worse, some owners decide to franchise without knowing...
Next to turning a profit, protecting assets is among a small business’s most important objectives. Securing the long-term success of your company depends on it, and the services of an experienced business and corporate law attorney can help. But what are your company’s assets? And how can you safeguard them?
