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BREAKING UP IS HARD TO DO: ENDING YOUR LLC MEMBERSHIP INTEREST BY SALE, RESIGNATION, DISSOLUTION OR OTHERWISE

BREAKING UP IS HARD TO DO: ENDING YOUR LLC MEMBERSHIP INTEREST BY SALE, RESIGNATION, DISSOLUTION OR OTHERWISE

by Adam Whitney | Jan 13, 2020 | Uncategorized

​ What do you do when you are a minority or 50% owner and the other owner(s) are not treating you fairly?  Maybe the other owner is taking an unfair salary, employing family members, or otherwise manipulating the system to take economic advantage of the situation....
HAVING A COMPANY HOLIDAY PARTY? HAVE FUN, BUT DON’T GET SUED.

HAVING A COMPANY HOLIDAY PARTY? HAVE FUN, BUT DON’T GET SUED.

by Adam Whitney | Dec 2, 2019 | Uncategorized

Your company holiday party comes with potential legal liability.  While you can never eliminate all potential liability, you can minimize your risk.  Here are some ways to do that: 1.Don’t Serve Alcohol. If you must have alcohol at your party, do yourself a...
SHOULD A SINGLE-MEMBER LLC HAVE AN OPERATING AGREEMENT?

SHOULD A SINGLE-MEMBER LLC HAVE AN OPERATING AGREEMENT?

by Adam Whitney | Oct 11, 2019 | Uncategorized

When you have more than one Member in your Massachusetts Limited Liability Company, having an Operating Agreement is almost a must.  Called an “LLC Agreement” in some states, an Operating Agreement is a formal legal document that sets forth the rights and duties of...
WHAT HAPPENS TO SALES COMMISSIONS NOT YET PAID WHEN THE EMPLOYEE QUITS OR IS TERMINATED?

WHAT HAPPENS TO SALES COMMISSIONS NOT YET PAID WHEN THE EMPLOYEE QUITS OR IS TERMINATED?

by Adam Whitney | Oct 2, 2019 | Uncategorized

Intro:  Disputes over sales commissions are often the subject of litigation. The stakes are high. Under the Massachusetts Wage Act, a commission can be considered wages. Failure to pay wages can result in liability for triple damages, payment of the employee’s...
DOCUMENT YOUR OWNERSHIP INTEREST OR STOCK RIGHTS IN AN LLC OR CORPORATION

DOCUMENT YOUR OWNERSHIP INTEREST OR STOCK RIGHTS IN AN LLC OR CORPORATION

by Adam Whitney | Jul 19, 2018 | Uncategorized

​ Fox Mulder’s motto was “Trust No One.”  Lawyers can understand this. Oftentimes, the practice of law is all about being paranoid.  We have to assume that your business partner will screw you over, or that your employer will not fulfill your expectations. Don’t rely...
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