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....
Category: Business Law
Should You Franchise Your Business? Questions to Ask an Attorney Before You Decide
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 the...
Asset Protection For Your Small Business
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?
How to Proactively Plan for the Future of Your Business
The business world is constantly changing, and only the most adaptable companies will survive. No matter what industry you’re in, or how large or small your business is, it’s essential to be prepared for the future long before it arrives. The goal is to anticipate the changes that will inevitably come....
How To Create A Business Partnership Agreement
Partnerships offer a number of different benefits to members who wish to do business together. But before you launch a partnership, it is imperative that a written agreement be established. A well-drafted partnership agreement will accomplish several important objectives such as ensuring every member understands his or her obligations to the...
Structuring A Joint Venture Agreement: 8 Important Elements
Forming a joint venture in Massachusetts allows independent businesses to combine their resources to embark upon a brand-new project of mutual interest and benefit. But as with every business arrangement, it is imperative that the parties involved reduce their working relationship to a written agreement. Creating a joint venture agreement in...
Common Governance Issues That Non-Profits Face
Non-Profit corporate governance is something many non-profit directors and officers should be aware of. Operating a non-profit entity can be a rewarding and socially beneficial endeavor. However, far too many non-profits focus on their service missions without giving enough attention to proper governance. Bad governance can easily drive an organization into chaos,...
Questions To Ask Before Making A Business Acquisition
Purchasing a business is a major investment. Although the potential rewards may be enticing, there is always a chance that the decision could prove financially unwise. Before acquiring a business, it’s imperative to carefully weigh the possible benefits against the risks. Doing your homework starts with asking the right questions and patiently...
ADR: Why It Works And Why It Doesn’t Work
No civil litigation matter is complete without a consideration of alternative dispute resolution, or ADR. That’s because most civil cases will settle outside of court, due in many instances to the successful use of an ADR procedure. However, ADR is not the solution to every civil dispute. There are some cases...
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...