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How to Manage Family Business Transition

How to Manage Family Business Transition Operating a family-run business can be extremely rewarding. In the short term, you get to provide for your family, usually while working with the younger generation to teach them your trade. For the longer term, they are learning the skills and gaining the knowledge they need to take over…

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Overcoming Conflict

Overcoming Transition Conflicts: Is Selling the Only Way? For most business owners, part of creating and operating a family business is to ensure that their loved ones will enjoy a comfortable lifestyle for generations to come. As much as you might want to remain in charge of daily business operations forever, there will comes a…

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Minimize Tax

Minimizing the Tax Burden on Your Business Transition For most business owners, the transition phase is bitter-sweet. On one hand, you might be looking forward to seeing the next generation take over so you can get some well-deserved rest. On the other hand, you are letting go of the responsibility and control over a beloved…

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Boston Private Investors

Should Your Business Seek Private Investors? A common objective for someone starting a business is the eventual expansion of that business. However, as you already know, making a business profitable can take some time, so it can be difficult to expand on your own. That’s why many business owners consider private investors to help them…

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Boston Business Investing

Investor or Partner: How Should You Start? Starting a business means making many difficult decisions, all of which can have a profound impact on your venture’s success. If you are like most new business owners, one of the toughest things is finding the proper funding to get started. Should you be looking for a partner,…

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Regulatory Business Changes

Regulatory Changes: Keeping Business Strong No matter what industry you’re in, there are always rules and regulations that you must be aware of. As you work to get the edge on your competitors, you expect to come across daily challenges. However, when a new business springs up that significantly affects your industry, you are faced…

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Considering Bankruptcy

Bankruptcy – Is it Time to Consider? No one wants to think about declaring business bankruptcy, but when you take a critical look at your books and the numbers do not add up, it may be time to start considering it. The simple reality of life is that events will not always unfold the way…

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What is Chapter 7

Understanding Chapter 7: Know When It’s Time Bankruptcy can be a sensitive subject for many new business owners. If you are just starting out, the last thing you want to think about is the possibility that your business will fail. Despite this, it is important that you know what options exist should you find yourself…

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Staying Ahead of the Game

Business Competition: Staying Ahead of the Game Say what you will about it, but competition is exciting. Nothing gets the adrenaline pumping better than going toe-to-toe with a worthy adversary. It pushes people to accomplish things they would have never thought possible and opens up the door to new opportunities. In the business world, staying…

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Chapter 11 Help

Understanding Chapter 11: Know Your Options You did everything you were supposed to do. You created a detailed business plan, then consulted with experts to make sure you had everything covered. Unfortunately, even the best-planned businesses can meet with unforeseen circumstances, and when this happens, how you respond can have a great impact on your…

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Trademark Applications

Filing A Trademark Application: Know When It is Time There are new businesses starting up each day and out of those businesses some of them are liable to have similar ideas in their presentation to existing businesses. Even for those who put time and energy into researching their new business venture, there are often conflicts…

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Non-Compete Agreement

Boston Non-Compete Agreement: They Are Here to Stay Over the course of this last year, there has been some debate within the Massachusetts government about the status and use of non-compete agreements within the workplace. Non-compete clauses have been a regular part of many employment agreements over the years and more recently tech companies have…

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Patent Filing

Understanding the Importance of Patent Filing There are few things more rewarding to an individual than to create something completely new and unique. New inventions are the perfect representation of progress and when you complete an invention it is natural to get excited and want to get it on the market as quickly as possible….

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Protecting Trade Secrets

How Do You Properly Protect Trade Secrets? When you decided to start your own company, you took on all of the challenges and risks associated with business ownership. Most industries are competitive, especially those involving trade secrets. Once you understand what qualifies as trade secrets, you can then decide how to protect them from your…

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Protect Your Invention

Do Trade Secrets Really Protect Your Inventions? If your business involves any sort of invention, proprietary software, or unique production method that gives you an advantage over the competition, it is important that you understand how to protect it. Depending on your industry and market, such trade secrets could be your company’s bread and butter;…

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Trade or Patent

How Should You Protect Yourself: Trade Secrets or Patents? There are a variety of ways to protect your secrets and inventions, but it helps to understand the difference in how they work. Two of the most popular ways to keep a method or invention safe are trade secrets and patents. Though a trade secret can…

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Understanding Copyrights

Understanding When You Need to Copyright Protecting your creative works can sometimes seem like a difficult task. With all of the different legal methods and strategies in place, the average business owner can’t make heads or tails of what type of protection to get on which product. There are trademarks, patents, trade secrets, copyrights, and…

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Way to Protect Your Business

Copyright, Trademark, or Patent: Which is it? There are a variety of legal ways to protect your business from competition, but sometimes sorting through those options can seem like a difficult task. One item might require a copyright, another a trademark, and still another a patent. Whether it’s a new design, creative process, system, or…

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Non Compete Agreement

Is a Non-Compete Agreement Enough? With such a competitive business atmosphere today, many employers are finding it more difficult to protect all of their systems. A non-compete agreement was designed to ensure that all of your information and systems remained confidential while ensuring that your employees could not simply leave and take a chunk of…

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Getting a Loan

Secured vs Unsecured: Getting the Right Loan Funding a business is oftentimes the most difficult part of getting started on your own. Though everyone dreams of the angel investor, the reality is that many people simply do not have access to this type of contribution. Instead, the best approach for most new businesses is to…

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Promissory Notes

Promissory Note: Is It Right For Your Business? Setting up a business takes a lot of careful planning, but more importantly it takes just the right amount of funding. When going through the initial steps of establishing a new business, sorting through the different loan options and funding opportunities can be extremely confusing. Among those…

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Best Business Practices

Using a Term Sheet – Following Best Business Practices Starting a new business deal can take a lot out of you. Unless the unheard of happens and both parties are on the same page to begin with, there are many different factors that come into play. Both parties need to make concessions and negotiations can…

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Articles or Certificates

Articles of Organization or Certificate of Organization? Starting a new business is like embarking on an exciting adventure, however, you don’t want to get so caught up in the fun, creative stuff that you neglect the more mundane but very important details. This includes the filing of certain documents, and which ones you need often…

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New Medical Practice

Setting up A Professional Practice: Medical and Dental Professionals Whether you are an all-purpose physician, pediatrician, dentist, or any other doctor, there are plenty of advantages to starting your own private practice. Not only does this give you the freedom to work with who you choose but it also gives you the flexibility to work…

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Collateral and Loans

Using the Right Collateral with Your Loan Borrowing money to start a business can be a risky move, but it can also be a very smart decision if you have a good enough plan in place. Prior to applying for a business loan, it is important that you talk to lenders and find out all…

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