Monthly Archives: January 2013
What’s in a Name: a Primer on Trademarks, Service Marks, and Trade Names
Is seems obvious to state that a trade name is the name a business uses to promote its trade. But isn’t that what a trademark is? What about a company’s formal or official name—is that a trade name? Our Massachusetts Trademarks … Continue reading
Posted in Trademarks and Copyrights
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Massachusetts’ At-Will Employment Law
Massachusetts is one of many states that have an at-will employment law. At-will employment is based on the concept that parties are free to work on whatever terms they agree to. In an at-will relationship each party, employer and employee, … Continue reading
Posted in Employment Considerations
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Taxation and “S” Corporations
S Corporations are entities formed under the provisions of Subchapter S of the Internal Revenue Code and Massachusetts Corporation Law, Chapter 156D. These corporations differ from their C counterparts mainly by the fact that federal taxes are allowed to flow … Continue reading
Posted in Tax Planning
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Small Business Tax Penalties
It is easy for a small business owner to fall into the trap of IRS penalties. The old adage that “ignorance is no excuse” is an unfortunate truism for owners of small enterprises, many of whom enter into a business … Continue reading
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Selling a Corporation Free of Tax
Internal Revenue Code section 368.13 allows a corporation that is being purchased by another to enjoy certain tax-free advantages. The rules are complex, so it is a good idea to work with a Boston tax-planning attorney before you proceed with … Continue reading
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Tax-Exempt Organizations
Various business entities may exist under the tax-exempt provisions of the Internal Revenue Code §501(c) (3). An individual may wish to create a business that provides addictions treatment or assistance and shelter to battered women, for instance. However, forming a … Continue reading
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Common Contract Provisions That Minimize the Likelihood of Disputes
WOBURN CONTRACTS ATTORNEY Written contracts typically contain standard or “boilerplate” provisions that are included to minimize disputes over certain foreseeable situations that could arise. Below are some of the more common ones. Your contracts attorney can explain these further and … Continue reading
Posted in Contracts and Transactions
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Deducting Business Start-Up Costs
Fledgling businesses often do not see a profit for several years, if ever. Individuals who are seeking to start a business should conduct a full investigation into the costs and potential for profit before moving forward. It is highly advisable … Continue reading
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Deducting Home-Based Business Expenses
One of the most notable changes that technology has brought to the workforce is the proliferation of home-based businesses. Whether you operate as a sole proprietorship or an LLC, the use of the home for business provides certain potential tax … Continue reading
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In-Business Offers in Compromise
Until recently, the Internal Revenue Service was reluctant to accept offers in compromise from businesses. This reluctance stems from the fact that a business seeking such a compromise is generally financially unhealthy; such an offer will generally only be accepted … Continue reading
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