Category: Business Law

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...

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 to know about...

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...

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...

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

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...

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,...

When negotiating a new commercial lease for your business, you may focus on terms like the rental price and the length of the lease. However, commercial leases frequently include the following clauses that can impose unexpected financial burdens on your business. 

Triple-Net Leases

In...

Success in business requires having the foresight to plan for the future. That means preparing for the inevitable changes that your business is likely to experience. Business succession planning is intended to help companies adapt to both unlikely and expected contingencies that will come their way. Implementing a carefully designed succession plan...