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This article reminds you that you must file an annual report if you have a limited liability company or a corporation in Massachusetts (or any state). I did a blog post on this last year. While there is not a requirement to file on any particular date during the year,...

Reviewing the offer (or letter of intent) is a crucial step in selling your business, as an offer expresses the specific terms of the purchase. The buyer must communicate the terms they will enter into for the purchase. Then, the seller accepts the offer and the next...

Piercing the corporate veil is when a court sets aside a business owner’s limited liability protection. This means that the protection that LLCs and corporations offer their owners is removed. Courts rarely pierce the veil unless some egregious misconduct occurs....

The answer is yes. Under Massachusetts law (G.L. c. 156D, sec. 8.03), a corporation must have a director (or more, depending on the number of shareholders). The question then becomes, what does a director do? A board of directors is a group of people who oversee the...

It is best to have an attorney review your commercial lease before you sign and to consult with an attorney when any significant event occurs, such as when you plan not to renew your lease. An option clause usually states that you must inform the landlord a certain...

When you form a limited liability company (“LLC”), one of the more essential parts is drafting the operating agreement. Even more important when there is more than one member. An operating agreement is the legal document that outlines the members’ rights,...

When you run a small business, you often have your customer sign a contract or agreement detailing your services. One reason for this contract is that it will make resolving any dispute easier. A contract will clearly state when a party has breached the terms and what...

For the second year in a row, I was selected as the Local Business Person of the Year by Alignable. I want to thank everyone for the support and let everyone know that I strive to do the best for my clients, and I appreciate their support. Just a few updates: I have...