There are at least three ways that a business can be structured in Massachusetts. Choosing the right type of business structure can help you mold and solidify your vision for your business, so it's a good idea to understand what's available. Limited liability company...
Business Formation
Business formation options for small owners in Massachusetts
Small business owners in Massachusetts remember the excitement that came with deciding to make their business more official. In the process of establishing a formal business, there are legal steps that must be taken for your business to be recognized as a company by...
Understanding the difference between silent and general partners
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...
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...
What to consider before starting an S corporation
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...
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...
