What Is Summary Process?
Owning rental property can be rewarding, but when a tenant stops paying rent or breaks the terms of the lease, it becomes a different story. As a landlord, you’re entitled to protect your investment, and Massachusetts law gives you a legal way to do that. This process is called summary process, and...
Is Private Lending Legal?
Have you ever thought about loaning money to a friend or helping someone fund a business deal? Or maybe you’re looking for a faster, more flexible way to get financing outside the bank? Private lending can be a helpful option in these situations, but it’s essential to understand how it works. While...
Guide to Leasing Commercial Property
Leasing a commercial space is a big step, whether you’re launching your first business, expanding, or moving to a new location. The terms of your lease can affect everything from your monthly costs to your ability to grow. At LaFountain & Wollman, P.C., we help business owners and property owners understand what...
Forming Your LLC: A Step-by-Step Guide
Launching a business is a major milestone, and forming an LLC is a popular choice for entrepreneurs. An LLC not only provides protection for your personal assets but also gives you flexibility in managing your business and finances. For many, this structure strikes the right balance between simplicity and security, making...
Can You Legally Enforce a Verbal Contract?
Contracts are the backbone of many agreements and transactions. While written contracts are standard, verbal agreements also play a significant role in business dealings. But can you legally enforce a verbal contract? The answer is nuanced and depends on several factors. Here's what business owners in Massachusetts need...
Do I Need to Hire a Business Lawyer for My Start-Up?
Starting a new business is an exhilarating journey filled with hopes, dreams, and challenges. As a new start-up owner in Massachusetts, you're likely juggling numerous responsibilities, from developing your product to fine-tuning marketing strategies and everything in between. You might be contemplating whether you need to hire a business lawyer. There...
Options for Resolving Partnership Disputes
While partnerships offer a powerful way for entrepreneurs to pool skills and resources, disagreements can arise, jeopardizing the business’s success. It’s crucial to address these conflicts swiftly to safeguard the partnership and its stakeholders. In this blog, we’ll explore some valuable strategies that can minimize disruptions, protect the business, and preserve...
Steps to Take if You Want to Sell Your Restaurant Business
Selling a restaurant business is a significant decision that requires careful planning and execution. Whether you’re moving on to a new venture or retiring, ensuring a smooth and profitable sale involves several steps. Here's a guide to help you manage this process.
Assess Your Readiness to Sell
Tips For Successful Business Succession Planning
As a business owner, you've poured your heart and soul into building your company. But have you considered what happens when it's time for you to step down? Effective succession planning is crucial to ensure that your business thrives even after your departure. Such planning protects your legacy and provides you...
Starting a New Business? What Entity Is Right for You?
When you decide to start a new business, one of the first decisions you and any partners must make concerns your choice of legal entity. This process has significant tax implications and can seem daunting to a first-time entrepreneur.
You can structure your new business in multiple ways,...