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July 2018 Archives

Aerospace company files for Chapter 11 bankruptcy protection

A family-operated aerospace business in another state recently determined that it needed to take drastic measures to remedy its financial situation. The company decided to file for Chapter 11 bankruptcy protection. Companies in Massachusetts that likewise find themselves in an impecunious position may benefit from filing for bankruptcy protection as well.

Mergers and acquisitions can be complicated to navigate

Owning a business comes with ups and downs, and the ins and outs of each stage can no doubt be confusing. Mergers and acquisitions can especially be complicated to deal with, no matter how large or small the involved businesses are. Fortunately, an attorney in Massachusetts can guide you as a business owner through these processes.

Construction company seeks Chapter 11 bankruptcy protection

A construction company in another state recently decided to tackle its poor financial situation aggressively. Specifically, the company decided to file for Chapter 11 bankruptcy protection. Companies in Massachusetts that are experiencing financial problems may likewise benefit from this type of bankruptcy filing.

Splitting of inherited IRA can be tricky during divorce

Going through a marital breakup in Massachusetts is no doubt a difficult feat both financially and emotionally. From a financial standpoint, figuring out how to divide major assets, such as the home or a retirement plan, can especially be daunting. A particularly tricky area of divorce property division today is the division of inherited individual retirement accounts, or IRAs.

Divorce can affect college application process

The dissolution of a marriage in Massachusetts can understandably be emotionally and financially tough to navigate. This is true for any parent going through divorce, but it is also the case for any children experiencing it. A particular area that may be impacted by divorce is the eligibility of a child for financial aid.

Commercial real estate selling mistakes can be costly

Selling a non-residential property can no doubt be tricky in Massachusetts. In some cases, the issues that crop up during a commercial real estate transaction are beyond the control of the seller. However, in other cases, these issues stem from the seller's mistakes. Here are a couple of common mistakes that sellers make when selling commercial properties.

Golf course files for Chapter 11 bankruptcy

A golf course in another state recently assessed its financial situation and determined that it needed to address it aggressively. It has thus filed for Chapter 11 bankruptcy. Companies in Massachusetts who find themselves in financial trouble may want to do the same to break free from the grip of overwhelming debt.

Property division involving business may spark conflict

Divorce is one of the most difficult experiences a person may go through both emotionally and financially. However, if a divorcing spouse owns a business and has a business partner, this only complicates the divorce process. Here is a look at how businesses are handled when it comes to property division during divorce proceedings in Massachusetts.

Building a family business with succession planning

Owning a business can understandably be a source of pride. However, if you own a business, it is not unreasonable for you to consider that you may eventually leave the company or retire. In this situation, naturally, you may want to leave your business in the hands of the next generation of your family. Unfortunately, if you do not have a solid succession plan in place, the business you have poured your money, energy, time and even tears into may suffer catastrophic consequences.

Troubleshooting legal Issues with contractors and the gig economy

As a business owner, you shoulder a lot of responsibility. This is particularly true if you operate in the software-as-a-service economy and decide to hire contractors to work for you. It is critical that you understand the liabilities, risks and legal problems that may arise during the implementation of independent contractor jobs.

Commercial real estate will likely see changes due to blockchain

Cryptocurrency no doubt has been unpredictable in recent months. However, several commercial real estate brokers are making a prediction about cryptocurrency that very well could come true in the next decade: It will change how real estate transactions are handled in the future. For this reason, many real estate brokers in Massachusetts and elsewhere are beginning to explore the world of cryptocurrency more seriously.

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