BUSINESS OWNERS AND PARTNERS SHOULD BE PARANOID

BUSINESS OWNERS AND PARTNERS SHOULD BE PARANOID

Fox Moulder’s motto was “Trust No One.” Lawyers can understand this paranoia. Divorce lawyers know spouses cheat. Criminal lawyers know clients steal (and worse). You should know that your business partners and key employees that you trust the most can betray you.

SHOULD A SINGLE-MEMBER LLC HAVE AN OPERATING AGREEMENT?

SHOULD A SINGLE-MEMBER LLC HAVE AN OPERATING AGREEMENT?

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 Members and Managers, including financial issues and working relations.

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OUT OF STATE LLC’S MUST REGISTER IN MASSACHUSETTS

OUT OF STATE LLC’S MUST REGISTER IN MASSACHUSETTS

If you are a “foreign” Limited Liability Company, such as a Delaware LLC, you must register in Massachusetts if you do business here.  See Mass. Gen. Law c.156C, §54.  That’s not difficult, but it does take a bit of effort and yearly filing fees.  You must also have a...

COVID-19 AND LAW PRACTICE

COVID-19 AND LAW PRACTICE

It’s been a crazy ride for several weeks.  In some ways, the practice of law is the same.  In some ways, it’s different.  Sometimes it just feels different. In spite of the photo, I've been able to work in my satellite office and have been the only one here....

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Law Office of Adam P. Whitney

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No attorney-client relationship is established by your use of this site. You must not send or share any confidential information about you or any legal issue without Attorney Whitney's express written permission. The content of this website may be considered advertising for legal services under the laws and rules of professional conduct. The content does not constitute legal advice.  The content is for information purposes only.  Legal advice cannot be provided unless you hire my firm and we perform a full review of the legal matter and the most current, applicable law.  The law in your state may be different than Massachusetts, so the information in the content may be completely irrelevant if you are outside of Massachusetts.