For a lot of small businesses and startups, there’s just not a lot of money to go around. So when that business is looking to make payroll, get a minimum viable product out the door, or just keep the lights on, spending money registering multiple trademarks with the US Patent and Trademark Office just isn’t an option. In that situation, the question I always get is this: do I register my logo or my company name? The answer is almost always going to be your company name, for a handful of reasons. [Read more…]
So, what’s an S-Corp? Does it make sense for your company? Do you need an advanced accounting degree to figure it out?
First off, an S-Corp isn’t a different kind of entity than a typical corporation (the C-Corp), it’s just a tax election. That is, structure, operation, even legal formation documents could be exactly the same regardless of which type of corporation you are (though you’d probably want to tailor your Articles of Organization, but that’s a different post). The point is, legally, both entities are exactly the same. When you become an S-Corp, that just means that you meet certain qualifications and make a filing with the IRS so that you’re taxed differently.
As such, before you can understand what makes an S-Corp special, you have to understand how a regular C-Corp is taxed. You have to understand the concept of double taxation. [Read more…]
A couple weeks ago I posted a Massachusetts Judicial District Map that I created using Google Fusion Tables. At the request of one of my new Massachusetts Academy of Trial Attorneys brethren I’ve gone ahead and created a similar map showing the areas covered by each of the five housing courts in the Commonwealth. More importantly, it shows those areas not covered at all by a housing court. Check it out after the jump: [Read more…]
Last week I attended a CLE (that’s continuing legal education for the uninitiated) on practice in District Court, at which I was reminded that you can bring suit in any judicial district in which one of the parties lives or has a usual place of business, OR in the judicial district adjacent to that one. Yesterday, I was trying figure out where I could file a case, wondered which district was adjacent, and couldn’t find a map available on the internet. Naturally, I then spent several hours creating my own with Google Fusion Tables. Map after the jump… [Read more…]
Last week in Part 1 of this two-part post I discussed what an 83(b) election is and walked through one particular situation in which someone should make that election (hint: if the company is currently valued at or close to nothing). In this installment, I’ll go through an example in which it doesn’t make good financial sense to make that 83(b) election. In a world where many founders, entrepreneurs, and contractors working for equity are told to automatically file the election, this is the scenario to really pay attention to. [Read more…]