Category Archives: Uncategorized

Capital Contributions

A "capital contribution" is a contribution of money (cash), property (assets), services, or a promise to contribute one of the aforementioned in the future...

IRS EIN Responsible Party

In order to obtain an EIN with the Internal Revenue Service you must elect a "responsible party".   This is one of the individuals who...

Do I need an EIN?

An EIN is an Employer Identification Number obtained with the IRS for business purposes.  Despite it's name you may need or want to  obtain...

Do I need a Registered / Resident Agent?

A registered agent (also known as a resident agent in Massachusetts) is required for all registered businesses (like an LLC or corporation) to accept...

Member-Managed v Manager-Managed: Management Structure in the LLC

When forming a limited liability company (LLC) you need to determine if you wish to be Member-Managed or Manager-Managed.  In Massachusetts this election is...

Making the Most of Small Business Saturday

Everyone knows Black Friday, and the chaos that ensues with massive chain stores and companies offering great deals on their products, and often times...

National Veterans Small Business Week – Resources

As a veteran, you are entitled to various benefits to help jump start your business idea, or to help your current business grow and...

Corporate Compliance

When forming a legal structure and comparing an LLC to a corporation, a common conversation is regarding requisite corporate compliance.  That is the statutory...

Legal Wellness Check-up for Small Businesses

The most common times we are initially contacted by potential clients is either at the formation stage or in response to an unforeseen ailment. ...

Tax Elections and Default Classifications for Eligible Entities

There are three possible federal tax classifications for U.S. business entities: Disregarded Entity; Corporation; or Partnership Depending on the legal structure of your business...