A former Boston start-up is on the verge of either being wound-up or being merged out of existence. RadioShack, the once ubiquitous DIY electronics store has been teetering on the edge of bankruptcy for the last year, appears to be taking the final plunge, with losses in the last four years approaching $1 billion and…
Do you really know the value of your business?
If you own your own business, you may think you know what it is worth. After all, you may have created it and built it from the ground up. Who would better understand its value? That may be true, but if you need to sell or transfer a business, you should obtain a professional assessment…
Change is a constant
Business, it may seem, is always in flux, with what seemed constant and solid suddenly dissolving away. With the demands of earnings and profits, there is always a challenge to remain ahead of the curve. Your business may have seemed secure in its market niche, maintaining steady sales and good relationships with your customer and…
For every business, there is a season
Businesses often have a discernible lifecycle. There is a birth process, the tentative steps of a toddler, the sometimes stumbling overconfidence of adolescence, the steady competence of middle age. However, what happens next? Some companies survive for many, many years, while others suffer some calamity and may close in a short time. As counter intuitive…
Update: Globalization, not inversion, is goal of Medtronic deal
We will take a short break in our series of blog posts about trademark registration and infringement to cover a development in the deal between medical device companies Medtronic and Covidien. In our post published on June 19, many observers attributed the merger of Massachusetts-based Covidien and Medtronic to a larger strategy aimed at tax…
What steps should be taken to close a business in Massachusetts?
Closing a business is as much a legal process as it is a financial decision. In Massachusetts, winding up operations is crucial to avoid lingering liabilities, tax issues, or creditor claims. Below, we walk through the key steps you should take—and where legal counsel adds real value. 1. Review Your Governing Documents & Make the…
Massachusettes hospital set for new building after acquisition
While it may seem like selling a business or the dissolution of corporation and other entity doesn’t have a significant effect on the lives of the average citizens, two Massachusetts hospitals are proving differently. Massachusetts General Hospital bought Cooley Dickinson Hospital in July of 2013, and it looks like local residents will start to see…
Massachusetts pharmacy chain closes
A chain of pharmacies that has served Freetown, the Cape and other areas for more than forty years has closed its doors for the last time. The married proprietors of Sedell’s Pharmacy have sold their last three locations to the national drug store corporation CVS and announced their retirement. CVS actively pursued the acquisition of…
Hospital merger discussed at Massachusetts hearing
Beth Israel Deaconess Medical Center’s goal of acquiring Jordan Hospital was recently evaluated in an open public hearing in Kingston. Jordan employees who attended the hearing sought promises that the proposed business sale wouldn’t lead to firings, but they also expressed their hopes that the proposed merger would improve the budget situation at the smaller…
Selling a business for maximum profit
Massachusetts residents who are considering selling their businesses may want to look into ways to increase the sale price of their organization. If they have spent years building and growing their businesses, they want to ensure that they receive as much money as possible for their efforts. Even if someone has a successful business, there…