Fiduciary Fraud: An Abuse of Trust Our legal system appoints fiduciaries to ensure the interests of those who cannot act on their own behalf are represented. When this trust is violated, the consequences can have tremendous financial and legal implications. In this article, we will review what a fiduciary is, how a fiduciary can commit […]
The Golden Age of DIY We live in a golden age of DIY. Thousands of video tutorials can teach you any skill. If you are looking to learn in a more structured way, you can select an online degree from a dizzying array of choices. The dream of being your own boss has, for so […]
You know your business better than anyone else: whether that be dog-walking, catering, or custom-made crocheted goods. But when it comes to giving your business the best legal footing, you may feel a little lost. In this article, we will review a few business structures available to Massachusetts entrepreneurs and small business owners. Each has […]
In the Balance Between Safety and Privacy, Federal and State Laws Favor Safety As the world enters a “new normal”—a society which is not quite post-pandemic, but which seems to be through the worst of COVID-19—business owners face the new challenge of protecting employees and customers now that vaccines are widely available, and masks are […]
Group Chats, Emoticons, and Breach of Contract: When Does a Text Message Become a Contract? New Technologies, Established Obligations New media and technology have transformed the way we do business as compared not only to twenty years ago, but even as compared to ten or five years ago. Emails, social media posts, and even text […]
Is Your Word Your Bond? Our parents taught us to be people of our word—to mean what we say and say what we mean. For most situations in life, it is enough to give your word to enter into an agreement—from who will take out the trash this week to where to meet for dinner. […]
What Dreams Are Made of? Being your own boss is a dream for many. It is also a pleasant daydream to many more stuck in stifling offices or unfulfilling careers. In addition to freedom from an unsympathetic supervisor’s requirements, owning a business appeals to so many because of the opportunity for greater creative expression in […]
If you are a small business owner, or considering starting your own business, it has always been important to know your options for incorporation. The uncertainty and financial stresses of COVID-19 and the subsequent recession make decisions about incorporation even more important. In this article, we will review two common types of incorporation for small […]
How a business is taxed depends in part on the business’s legal form. The five most common types of Massachusetts businesses include corporations, S corporations, Limited Liability Companies (LLCs), partnerships, and sole proprietorships. Most states subject corporations to a corporate income tax. In contrast, pass-through entities such as S corporations, LLCs, partnerships, and sole proprietorships […]
In a word—yes. You would benefit greatly from incorporating your business as a limited liability company (LLC), as opposed to operating it as a sole proprietor or as part of a group of partners in a general partnership. An LLC is a relatively simple means of incorporating a business, with many benefits for small-business owners. […]
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