The COVID-19 pandemic changed a lot of business practices. It affected how many small businesses can operate and if they will be able to survive the pandemic. In April 2020, Massachusetts Gov. Charlie Baker signed the moratorium on evictions and foreclosures. It...
Month: May 2020
Guidance for commercial development goals
Developing property in Massachusetts for commercial purposes can lead to complex legal challenges. In addition to permits and zoning restrictions, there can be state laws and other factors to consider when purchasing property for commercial development. A developer or...
Help your family business adapt to a major change
Lately, business owners are not strangers to big-time challenges. But whether a change is brought on by mass economic upheavals like those that result from a pandemic, or an owner has left or died, the life of your business may depend on how you respond to the change....
What is “sweat equity” and how is it valued?
Many entrepreneurs can attest to the value of sweat equity. Common in new businesses or partnerships, sweat equity is a way to invest in a business or project without actual currency. Many companies begin in such a way, with many sweat investors reaping financial...
What should I do if I need to get out of my business lease?
Paying rent on the space for your business is likely your most significant financial blow every month. If your business is going through some changes, or the location is simply not working out for you, you may want to consider exploring your options for moving on....