Like human beings, businesses have a life cycle. Whether you are considering forming a new business entity, establishing more formal business relationships, or passing a business on to the next generation, the right legal representative is tantamount.

Some services that we offer include the following.

Entity Formation

Deciding whether to go into business as a Sole Proprietor, Partnership, Corporation (C-Corp or S-Corp), or Limited Liability Company (LLC), can be difficult. There are tax consequences, asset protection/liability concerns, and other intangible considerations, that you need to be aware of.

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By-Laws and Operating Agreements

A corporation's By-Laws or a Limited Liability Company's Operating Agreement set forth the operational protocols and procedures under which a business runs. Failure to understand the importance of these documents can have dramatic consequences.

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Corporate Maintenance

Business entities must file annual reports with the Corporations Division of the Secretary of the Commonwealth of Massachusetts. Typically, they must also keep minutes of the meetings of Shareholders, Directors, Members, and Managers. Although tedious, following these corporate formalities helps to ensure that the courts will respect the statutory limitation on liability afforded to your business.

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Shareholder Agreements

When two or more people go into business together it is important to put their business relationship in writing. Shareholder Agreements (often called Buy-Sell Agreements) create mechanisms for dealing with the death, disability, or retirement of a business partner. They help to protect the business owners and their families.

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Business Succession Planning

Maybe you have successfully built and operated a small business for years. Eventually, it will be time to pass the business on to the next generation. Transfer of the ownership and control of a business have tremendous financial, legal, and personal ramifications. There are a multitude of techniques for effectuating the transfer.

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