Massachusetts Business Law Attorneys Serving Greater Boston:
If you are in the process of starting a new business or purchasing or selling an existing business in Massachusetts, our business attorneys will provide you with legal representation with regard to contract drafting and negotiation, license and permit applications, lease review and negotiation and financing issues.
Our business attorneys will advise you of the different business structures and handle all formation filing requirements including by-laws, operating agreements, stock certificates and Articles/Certificate of Organization. After formation, our attorneys will provide continuing counseling for your business and assist in filing and updating corporate records.
Our Massachusetts business attorneys handle all business law matters including:
The experienced business law attorneys at Simmons & Schiavo, LLP are here to counsel you through the process. Business decisions you make today can have far reaching and long lasting implications with asset protection and tax consequences. It is important to make an informed decision of which business entity to chose.
When purchasing an existing business, it is important to due your due diligence prior to making an offer. Conduct your research regarding the business’s reputation, clients, employees, accounts payable, accounts receivable, past lawsuits, leases and outstanding contracts and licenses. It is also important that you understand the business’s cash flow, balance sheet and capital assets.
While forming a business between two or more owners a cross purchase agreement should be executed. This agreement delineates the procedure to follow if one owner cannot actively participate in the day to day operations of the business whether this is due to incapacity or death of an owner. A cross purchase agreement can also be used to outline the procedure that the owners will follow if one of them decides to sell his or her share of the business. It provides a procedure for valuation of that owner’s share of the entity and can have non-compete provision. A cross purchase agreement can be funded through life insurance on life of the owners.
If a business is doing well, it should not terminate upon the death of the owners. A plan should be implemented whereby the business can be easily passed to new owners, without the loss of clientele or value in the business. A business succession plan is an integral part of one’s estate plan.
Our business attorneys are located in Malden, Massachusetts and we serve clients throughout Norfolk County, Middlesex County and Essex County, Massachusetts. If you have a question concerning any of our areas of expertise or are in need of legal counsel, please contact our firm. We offer a no-cost initial consultation with an experienced attorney to assess your particular legal situation.We also offer legal services in Spanish and Italian.
The Massachusetts business law attorneys at Simmons & Schiavo concentrate in buyng a business, selling a business, business formation , and other business law matters. We serve the Greater Boston and Boston’s North Shore region including the communities of Everett, Revere, Chelsea, Somerville, Cambridge, Medford, Arlington, Winchester, Woburn, Burlington, Stoneham, Melrose, Wakefield, Saugus, Lynn, Peabody, Salem, Marblehead, Swampscott, Norfolk County, Middlesex County and Essex County, Massachusetts.
