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...
Business Formation
The advantages and disadvantages of forming an LLC
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...
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...
Should your family be involved in business formation?
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...
Questions to ask when you’re choosing a business structure
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...
Benefits of a family limited liability corporation
Forming and launching a business of your own is the first step to true financial freedom and time flexibility. However, selecting the right type of business formation can feel complicated and overwhelming if you are unfamiliar with your options in the State of...
Do you need business insurance?
When you start a business in Massachusetts, it's important to cover yourself from all angles. You never know when someone might file a lawsuit over a workplace injury, product liability or another potential issue. If the law is on your side, you might be able to stop...
Why shareholders agreements are important
Massachusetts businesses can choose from several different types of legal structures under which to operate. Businesses that elect to form corporations must follow specific rules. When corporations decide to go public, they will also need to have shareholders...
When is a corporation the right choice for a business structure?
One of the many decisions necessary at the launch of a new Massachusetts company is determining what type of structure is ideal. For specific types of businesses, a corporation is the structure that will best suit objectives, needs and operational plans. By choosing a...
What should an entrepreneur know about starting a business?
Making the decision to start a company is only the first step. Starting a business is a combination of having a good idea, taking risks and making various legal and financial decisions. It is not always an easy process, and Massachusetts entrepreneurs would be wise to...
