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...
Category: Business Law
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...