Going into business is a risky move. Going into business with a partner can be even more so. Sure, having someone to share responsibilities with can have its advantages, but it can certainly have some disadvantages as well. When owning and operating a company with a partner, disputes are bound to happen. Do business owners in Massachusetts have to turn to litigation for resolution when problems arise?
Business litigation is sometimes unavoidable
Most Massachusetts entrepreneurs go into business without considering they may someday face a lawsuit. Depending on the type of business entity they have chosen, they may face personal and professional losses if the business litigation does not go their way. This is why it is critical for business owners to be prepared for the possibility that someone may file a claim against them in civil court.
How does bankruptcy protect you?
Financial struggles are nothing new to many people here in Massachusetts, just like other parts of the country. If you are in the midst of a monetary crisis, you can probably empathize with others who are in the same position. Like them, you may have tried cutting your budget, eliminating luxury items and more, but nothing seems to work. There just isn't enough money left at the end of your paycheck.
Avoid these common estate planning mistakes
Many people don’t consider their estate plan much farther than simply putting together a simple will. This causes Massachusetts families to fight over things left out of the will or bad blood because someone’s left out entirely.
A bankruptcy law attorney may help those being sued by creditors
Many Massachusetts residents are living with a great deal of debt. Some can get by making their minimum payments, while others lack the funds to pay their creditors anything. After a number of unsuccessful attempts to collect, creditors typically take one to court to seek reimbursement. A bankruptcy law attorney may be able to help those who end up being sued over their debts -- or even before things get that bad.
5 things to think about before starting your small business
Many people dream of starting their own small business, whether a storefront along a quiet main street, a digitally-focused offering in a busy office building or an online service for customers across the country. In fact, many have already taken the plunge. Businesses with fewer than 10 employees account for three-quarters of all businesses in the state.
