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According to a study by Trading Economics, Massachusetts reached the highest ever number of construction projects in the state in July 2023. While most of these projects would be considered costly, breaches in construction contracts can make costs skyrocket. The best...
When it comes to establishing a Limited Liability Company (LLC) in Massachusetts, one pivotal document often takes center stage: the LLC operating agreement. This powerful contract provides a foundational blueprint that sets the stage for a harmonious and successful...
When you're operating a business in Massachusetts with one or more partners and things are going well, you're likely making profits and clients are happy. Unfortunately, internal disputes can occur that cause problems. In this situation, various remedies exist as a...
An anticipatory breach in Massachusetts is when one person (the promisor) fails to uphold their end of a business contract. It’s known as anticipatory because the promisor states in advance they won’t fulfill their obligation. At this point, the second person in the...
The business world in Massachusetts is not immune from competition. When you run a company, it's natural to want to get a leg up on the competition. This is essential to stay in business, turn a profit and grow your company. An age-old problem in business But unfair...
If you have an entrepreneurial spirit, you might decide to start a brand-new business. And there's almost no more important aspect of a Massachusetts business than its name. While it might seem like a formality, registering a name for your new company is more...
If you'd like to work for yourself and sell services or products in Massachusetts, setting up the proper business formation to meet your needs is critical. You'll also need to follow the guidelines for your district to ensure compliance with the law. Using an LLC,...
For business owners in Massachusetts, writing a business plan is often the first step in creating a successful business. Business plans can serve as a checklist that helps you get your business off to a good start. It sets the foundation both financially and...
Trade secrets are valuable assets that provide Massachusetts businesses with the competitive edge necessary for them to thrive. They encompass confidential and proprietary information, such as formulas, manufacturing processes, customer lists and marketing strategies....
When businesses in Massachusetts and around the country run bait and switch advertising, they engage in a form of retail sales fraud. The bait is a deal that seems too good to be true or will only last for a short time because of limited supplies, and the switch is...
