Your new business or business concept is valuable. You will likely invest a huge amount of your own time and resources in making the company successful. Obviously, you want to protect your investment from unpredictable circumstances. There are many kinds of insurance...
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Business Law
Are you ready to buy out your current business partner?
Business partnerships sometimes last a lifetime. However, others last only a few years. Obviously, the partnership will end if the company itself goes out of business. However, you may want to keep the company open when your partner doesn't or feel like you can no...
Should you use employment contracts?
As an employer, you know that you do not have to offer your employees a contract. Massachusetts is an at-will employment state. Most employees have no contracts at all. There are benefits to at-will employment. If you want to fire an employee for almost any reason,...
Do you need your employees to sign a non-compete agreement?
As a new business owner, you may have read about companies requiring their employees to sign non-compete agreements. You may be wondering if you should do this with anyone you take on -- particularly if they're likely to have access to sensitive information. Is a...
A handshake deal doesn’t cut it: Get a partnership agreement
Your word is important to you, and your business partner feels the same way. But that doesn’t mean you can operate a business together without a formal agreement. “Handshake deals” can be enforceable, it’s true, but you’re far less likely to end up in a legal dispute...
What should you do before hiring your first employee?
Your business has been going well. You’ve done the hard work and established a good customer base. Now, you are getting overwhelmed by requests for your services. You know that you need to expand and your first priority is to hire an employee. It’s vital that you...
Is it time to hire an attorney for your small business?
If your small business is like most other startups, you began your operations on a shoestring budget. There wasn’t a lot of money for any unnecessary expenses, so maybe you put off hiring an attorney. That’s a bad idea. You don’t want to wait until your business is...
Don’t pick the wrong business partner
One of the worst things that you can do for the future of your business is to pick the wrong business partner. Not only does this make it harder for the business to flourish, but it increases the odds of a dispute between the two of you. These disputes can be...
Keep liability in mind when choosing a business structure
When you are inspired to start your own small business, you may be excited to hit the ground running as soon as possible. However, it is important to work carefully when establishing your new business. You will want to make sure all legal aspects of starting a new...
Businesses can resolve disputes in different ways
A disagreement between business partners or a business and one of its vendors can create stress and problems for a Massachusetts entity. Resolving disputes can be difficult when the parties are not equipped to deal with the legal ramifications of their relationships....