If you’re thinking about starting a business, you may have already started looking at the different business entities and what kind you might like to set up. It’s true that this can seem a little overwhelming if you’re unfamiliar with business law, so you might think...
Concord Massachusetts Business Law Blog
Estate planning for small business owners
Certain assets can make estate planning more complicated than it would be otherwise. If you're a small business owner, your business itself may need to be part of this process. It's important to consider what your goals are and what you would like to accomplish with...
Do you personally have to pay your business’s debts?
Your business takes on a lot of debt in order to get rolling. The idea, of course, is that you'll have enough success to eventually pay that debt back. But you need money to get started. What happens if things don't go exactly according to plan? Say that you take out...
When is probate court necessary for Massachusetts estates?
Probate courts are specialty courts that oversee elder law and estate proceedings. When someone dies, the property and debt in their name become their estate. Often, Massachusetts estates have to pass through probate court for administration. Probate proceedings can...
How do you prevent a contested will?
When you are working on your estate plan, one thing that you need to do is to consider how to prevent your will from being contested in the future. If a will is contested, it’s possible that your estate many not be settled for a long time after your passing, which...
What makes government contracts unique?
Contracts dictate what a business does, and most companies have to execute and enforce many different kinds of contracts. Only some businesses will be subject to government contracts, and these businesses often face unique concerns when compared with those who only...
Keep your business in the family with transition planning
Keeping your business in the family may be a goal that you have, and it is a good one. Being able to pass on your business could mean building a legacy and helping your family thrive for many generations to come. To make it possible to keep your family business in...
What should you know about seeking a government contract?
If your business is trying to get a government contract, you’re in an interesting position. You will likely have to bid for the contract, and you will need to understand how you’re going to be paid and when. The government has its own way of handling contracted work,...
When can a will be invalidated?
When you’re dealing with a will, you may question when it could be invalidated (if ever). The truth is that wills can be invalidated in some cases, such as if there were errors made when it was created or if it’s believed that someone unduly influenced the decedent...
How do you know when it’s time to sell your business?
Whether you started a business or inherited it, running it successfully may be a big part of your personal identity. It probably consumes as much of your life and provides most if not all of your income. It can be so hard for people to separate themselves from the...