Business Formation

When you decide to launch Massachusetts business venture, you will be able to choose between silent partners and general partners. Both of these types of partnerships offer pros and cons to your potential business. Understanding partnerships Before you begin the...

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...

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...

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...

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...

An S corporation is in some ways a hybrid of a corporation and a partnership. You enjoy better tax benefits like with a partnership but also the personal liability protections of a corporation. It's a common business structure that small businesses in Massachusetts...

All entrepreneurs in Massachusetts face a basic structural issue when beginning a formal operation: the business formation type. While some first consider a sole proprietorship as the best option, the truth is that many could do better with a limited liability company...

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...

Running a family business in Massachusetts has a lot of appeal. You can fill key roles with people you know and trust, and you'll be able to build up wealth and skills in the family. However, here are a lot of problems that can arise when you start a family business...

When you're starting a business in Massachusetts, you need to choose a structure, which is what determines your tax rules. A sole proprietorship is the easiest type of business to start, but it has its downsides. How likely are lawsuits in your industry? Sole...