Non-Compete Agreement

December 12, 2014

Boston Non-Compete Agreement: They Are Here to Stay Over the course of this last year, there has been some debate within the Massachusetts government about the status and use of non-compete agreements within the workplace. Non-compete clauses have been a regular part of many employment agreements over the years and more recently tech companies have latched on and claimed them as a necessary part of their industry. As an employer, these agreements help grant you legal protections should your workers jump ship and take some of your trade secrets with them. On the other hand, opponents to these agreements...

Trademark Applications

December 05, 2014

Filing A Trademark Application: Know When It is Time There are new businesses starting up each day and out of those businesses some of them are liable to have similar ideas in their presentation to existing businesses. Even for those who put time and energy into researching their new business venture, there are often conflicts that arise in branding strategies. This makes it extremely important for new businesses to understand when and how to apply for a business trademark. Who Needs a Trademark? The most important part of getting a trademark is first understanding who needs it. Unlike a...

Chapter 11 Help

December 02, 2014

Understanding Chapter 11: Know Your Options You did everything you were supposed to do. You created a detailed business plan, then consulted with experts to make sure you had everything covered. Unfortunately, even the best-planned businesses can meet with unforeseen circumstances, and when this happens, how you respond can have a great impact on your future. In fact, if you catch it early enough, you may be able to stay open under Chapter 11 bankruptcy. What Is Chapter 11? Unlike the more commonly pursued Chapter 7 bankruptcy, Chapter 11 is for business owners who believe that a restructuring of...

Staying Ahead of the Game

November 23, 2014

Business Competition: Staying Ahead of the Game Say what you will about it, but competition is exciting. Nothing gets the adrenaline pumping better than going toe-to-toe with a worthy adversary. It pushes people to accomplish things they would have never thought possible and opens up the door to new opportunities. In the business world, staying ahead of the competition can sometimes feel like a zero sum game. With every attempt you make to get ahead, the competition does the same, and neither of you really is able to get the leg up. If you hope to overcome this hurdle, you...

What is Chapter 7

November 13, 2014

Understanding Chapter 7: Know When It’s Time Bankruptcy can be a sensitive subject for many new business owners. If you are just starting out, the last thing you want to think about is the possibility that your business will fail. Despite this, it is important that you know what options exist should you find yourself in a situation that warrants the need. When there seems to be no hope for your independent business, you may want to consider declaring Chapter 7. What is Chapter 7? Before consulting with a Boston business attorney about the future of your business, it...

Considering Bankruptcy

November 07, 2014

Bankruptcy – Is it Time to Consider? No one wants to think about declaring business bankruptcy, but when you take a critical look at your books and the numbers do not add up, it may be time to start considering it. The simple reality of life is that events will not always unfold the way you planned. Even if you came up with a seemingly foolproof business plan, the unexpected can still knock you down. Rather than dwelling on this temporary defeat, it may be prudent to cut your losses and explore your options. Bankruptcy Options There are four...

Regulatory Business Changes

October 31, 2014

Regulatory Changes: Keeping Business Strong No matter what industry you're in, there are always rules and regulations that you must be aware of. As you work to get the edge on your competitors, you expect to come across daily challenges. However, when a new business springs up that significantly affects your industry, you are faced with the quandary, do I adapt my business model to this situation or do I call for new regulatory changes? Should You Propose Changes? When competition arises, one of the most effective ways to keep your industry in check is to introduce the idea...

Boston Business Investing

October 24, 2014

Investor or Partner: How Should You Start? Starting a business means making many difficult decisions, all of which can have a profound impact on your venture's success. If you are like most new business owners, one of the toughest things is finding the proper funding to get started. Should you be looking for a partner, or an investor? To answer this question, it helps to know what you can expect from both options. The Role of a Partner Typically speaking, business owners seek out a partner for two key reasons. First, the partner offers insight and experience into the business...

Boston Private Investors

October 19, 2014

Should Your Business Seek Private Investors? A common objective for someone starting a business is the eventual expansion of that business. However, as you already know, making a business profitable can take some time, so it can be difficult to expand on your own. That's why many business owners consider private investors to help them overcome this challenge. Making Concessions As any Boston business attorney will tell you, an investor is going to have some impact on the way you operate your business. Though they are typically not involved in the day-to-day decision-making, they will usually make some demands...

Minimize Tax

October 15, 2014

Minimizing the Tax Burden on Your Business Transition For most business owners, the transition phase is bitter-sweet. On one hand, you might be looking forward to seeing the next generation take over so you can get some well-deserved rest. On the other hand, you are letting go of the responsibility and control over a beloved creation. It is this fear of letting go that stops many business owners from thinking about transition early in the life of their company. Of course, those who fail to properly plan for the inevitable transition can run into plenty of unexpected problems, including excess...