As a Massachusetts business attorney, I have many solo entrepreneurs ask me for help in establishing an LLC or a Corporation. They usually presume that an LLC or Corporation is necessary to protect their assets. I then ask them to take a step back and discuss whether an LLC or Corporation is likely to meet […]
Do I Really Need an LLC or Corporation? Maybe Not Read More »
As a Massachusetts small business lawyer, I have a love-hate relationship with the term “buy-sell agreement.” The term is technically accurate, but also terribly misleading. Yes, buy-sell agreements establish terms by which people can “buy” and “sell” ownership stakes in a company. However, these agreements are meant to address a far broader scope of events –
Buy-Sell Agreements Critical for Massachusetts Business Partners Read More »
As a Massachusetts and Rhode Island small business attorney, I often see business owners make the mistake of thinking that incorporating will automatically protect them from individual liability. That is a common and dangerous misconception. When a Rhode Island or Massachusetts corporation or LLC is properly formed, managed and maintained in accordance with corporate laws,
Your RI or Massachusetts Corporation May Not Shield You From Liability Read More »
Massachusetts and Rhode Island small businesses use so-called “independent contractors” for two main reasons – a) to avoid having to pay payroll tax, workers compensation, and other benefits for that person; and 2) to avoid legal liability for that person’s negligence. Unfortunately, too many Rhode Island and Massachusetts small businesses mistakenly think that calling someone
Your “Independent Contractor” May Be An Employee in Massachusetts or RI Read More »
If you own a small business in Massachusetts or Rhode Island with one or more co-owners or partners, you should have an operating agreement drafted by a Massachusetts or Rhode Island small business attorney. Among other things, an operating agreement spells out each partner’s ownership interest, rights, and duties, as well as procedures for resolving
Operating Agreements Critical for Massachusetts and RI Small Businesses Read More »
