Did your sole proprietorship recently acquire all or nearly all of the assets from a corporation? Think you’re immune from the former corporation’s tortious liability? Watch out! A recent decision from the Massachusetts Supreme Judicial Court found that a sole proprietor can have successor liability! Read below for more information. Read More
A primary reason to set up an LLC (limited liability company) is to shield a business owner from personal liability for the debts, obligations and liabilities of the business. This protection, however, is not absolute. Some notable exceptions to the LLC personal liability shield are discussed below. Read More
One question that I constantly hear is: What is the difference between a corporation and an LLC (Limited Liability Company)? This is not easy to answer because there are a lot of differences! Below are some of the most important differences. Read More
Is your business organized as a corporation in Massachusetts? Does it keep or maintain all of the required books and records? It should. Keeping the proper corporate records is an important part of being a corporation and it can save you trouble in the long run! Read More
Starting a Massachusetts business? Not sure what name to choose? Here are some helpful tips about what to consider when choosing a business name!