Family businesses take a lot of work and sacrifice from everyone involved. While a family business is often a source of pride for a couple, it’s also something that can cause problems if the marriage fails. Trying to determine what should happen to a business when the owners are getting a divorce can be a challenge. There are several ways
Recently in our blog, we talked about business partnerships between siblings. As a follow-up to that post, we wanted to discuss business partnerships between parents and their adult children, too. Many who own and operate companies in the Northeast (Massachusetts and New Hampshire, for example) want to have their children take over at some point. In some cases, parents assume
Many couples turn to mediation when they divorce to help them settle complicated issues involving child custody, support, alimony and the division of high-value assets. What happens, however, if mediation doesn’t go as you’d hoped? Mediators are often therapists, attorneys, or retired judges specially trained to allow each party to share their points of view and identify common ground that can
If you own a family business and you’re leaving it to your children through a succession plan, you’re essentially just telling your children that they are going to become business partners. Is this actually going to work, or can it create some issues for the business? Success is possible History tells us that success is certainly possible. The Wright brothers famously invented
A business partnership can be a beautiful thing — as long as everything keeps humming along nicely. Unfortunately, everything from a partner’s changing life goal to a vision of the company’s future that doesn’t jibe with your own can lead to some major conflicts. If the conflicts get ugly, you can wind up in litigation — and that’s both time-consuming and a
Massachusetts property owners can earn a decent living by renting or leasing real estate (residential and commercial holdings). However, to find success as a landlord, it is vital to address and protect your tenants’ rights. Failure to do so often leads to legal issues that can drain your financial accounts quickly. Learn about the law As a landlord, learning about
You may have to deal with a situation at work where harassment or sexual harassment come up. Whether you’re an employer or an employee, it’s vital that you have an understanding about the differences between the two. In an office setting, or in any kind of workplace, sexual harassment and other forms are possible. Here’s more information each of the
Whether you are the owner of a multinational corporation or a mom-and-pop corner store, your business is a significant asset for you and your family. As such, you need to devise a strategic succession plan for your business. Your business succession plan does not necessarily only get initiated upon your demise. There are numerous ways to transfer the interest of a
Let’s take a moment to talk about a blunt truth that all family business owners have to face at some point: Most of these businesses do not have long term success. You can find counter-examples. For instance, the Amway multi-level marketing company was started by Richard DeVos and now makes billions of dollars per year for his children. Sam Walton
Divorce mediation is quickly becoming one of the most effective ways to end a marriage. Mediation is a collaborative process, which means that spouses can work together to overcome disputes that often delay a divorce. For most couples, this is a far better alternative than divorce litigation. Unfortunately, divorce mediation does not work for everyone. As such, many Massachusetts and New Hampshire
Family businesses take a lot of work and sacrifice from everyone involved. While a family business is often a source of pride for a couple, it’s also something that can cause problems if the marriage fails. Trying to determine what should happen to a business when the owners are getting a divorce can be a challenge. There are several ways
Recently in our blog, we talked about business partnerships between siblings. As a follow-up to that post, we wanted to discuss business partnerships between parents and their adult children, too. Many who own and operate companies in the Northeast (Massachusetts and New Hampshire, for example) want to have their children take over at some point. In some cases, parents assume
Many couples turn to mediation when they divorce to help them settle complicated issues involving child custody, support, alimony and the division of high-value assets. What happens, however, if mediation doesn’t go as you’d hoped? Mediators are often therapists, attorneys, or retired judges specially trained to allow each party to share their points of view and identify common ground that can
If you own a family business and you’re leaving it to your children through a succession plan, you’re essentially just telling your children that they are going to become business partners. Is this actually going to work, or can it create some issues for the business? Success is possible History tells us that success is certainly possible. The Wright brothers famously invented
A business partnership can be a beautiful thing — as long as everything keeps humming along nicely. Unfortunately, everything from a partner’s changing life goal to a vision of the company’s future that doesn’t jibe with your own can lead to some major conflicts. If the conflicts get ugly, you can wind up in litigation — and that’s both time-consuming and a
Massachusetts property owners can earn a decent living by renting or leasing real estate (residential and commercial holdings). However, to find success as a landlord, it is vital to address and protect your tenants’ rights. Failure to do so often leads to legal issues that can drain your financial accounts quickly. Learn about the law As a landlord, learning about
You may have to deal with a situation at work where harassment or sexual harassment come up. Whether you’re an employer or an employee, it’s vital that you have an understanding about the differences between the two. In an office setting, or in any kind of workplace, sexual harassment and other forms are possible. Here’s more information each of the
Whether you are the owner of a multinational corporation or a mom-and-pop corner store, your business is a significant asset for you and your family. As such, you need to devise a strategic succession plan for your business. Your business succession plan does not necessarily only get initiated upon your demise. There are numerous ways to transfer the interest of a
Let’s take a moment to talk about a blunt truth that all family business owners have to face at some point: Most of these businesses do not have long term success. You can find counter-examples. For instance, the Amway multi-level marketing company was started by Richard DeVos and now makes billions of dollars per year for his children. Sam Walton
Divorce mediation is quickly becoming one of the most effective ways to end a marriage. Mediation is a collaborative process, which means that spouses can work together to overcome disputes that often delay a divorce. For most couples, this is a far better alternative than divorce litigation. Unfortunately, divorce mediation does not work for everyone. As such, many Massachusetts and New Hampshire
