Business Formation Archives

Selecting a business form is an important step

Selecting the best business form for a business venture is an important decision for any entrepreneur facing it. The selection of a business form has many important implications for the business, as well as the future of the business as it grows and enjoys success. The type of business form selected has important tax and liability implications in addition to how the business will be managed and the routine reporting requirements the business must satisfy.

Business structures that reduce personal liability

If you own or are thinking about establishing a small business, you may have concerns about whether you could be held personally liable in the event that someone files a lawsuit against your company. Virtually all small businesses are at risk in some manner or another, and this holds true even if you do not own a business in which the risks are obvious, such as a food-service entity.

College mergers in Massachusetts may be a sign of the times

Massachusetts is home to some of the nation's most prestigious colleges and universities. No matter what their size, each college and university in the state has its own rich and unique history and outstanding reputation. Given that historically mergers between colleges and universities have been rare, Massachusetts residents may have been surprised to hear that Wheelock College, established in 1888, is considering merging with the much larger Boston University.

What steps can one take to start a business in Massachusetts?

Owning your own business is part of the "American Dream." The idea of being a business owner is exciting, but it is important to make sure that all the proper legalities are met when establishing your new business. This post will give you a general idea of the steps to take in starting a new business in Massachusetts. However, any budding entrepreneur should seek the advice of an attorney, which this post cannot provide.

Is it time to reclassify my business structure?

One of the most important things a Quincy entrepreneur has to decide is what structure to employ. The choices are many. The implications of making a mistake right out of the gate are significant. Working with an experienced business law attorney is a wise way to avoid missteps.

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