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Business Formation

Recommended steps of a startup business

A startup business is most likely to fail within its first year. Having adequate funds and building a network of customers and associates are only two steps needed to start a business. The process starts by outlining the main steps of a business formation in...

What is a partnership in Massachusetts?

A partnership is two or more people or organizations operating a business together. Trusts may be a member of a partnership in Massachusetts. Each state has its own rules for the taxation and operation of this business structure. How it works How a partnership works...

Forming a business advisory council

You do a great job running your small business in Massachusetts. But sometimes it’s wise to get business advice from trusted experts. They might point you in the right direction when you're having doubts. Forming an advisory council for your small business is possibly...

An LLC and its Articles of Organization

When forming a business, you can choose different ways to formally organize it, depending on your business needs and goals. A limited liability company protects your personal assets from business debts, offers certain tax advantages, and can help raise capital. To set...

Should you incorporate as an LLC?

Are you thinking of starting a new business in Massachusetts? There are plenty of ways that you can choose to incorporate your business. One of the most common methods is to form a Limited Liability Corporation, also known as an LLC. There are several pros and cons to...