Category: Business Law

Why Do I Need a Business Attorney?

You’ve been told you need a business attorney. On top of everything else you currently worry about, now you wonder, “do I really need an attorney to start my business?” The answer to this question is simple. No, you do not need an attorney to start a business. However, an attorney can save headaches later. …

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Which Type of Business Entity Is Best for Me?

In this two-part series, we’ll discuss the differences in the following business entities: Sole Proprietorship, Partnership, and Limited Liability Company. Congratulations! You want to start a business. You’ve perfected a million dollar idea and are excited to hit the ground running. You’ve fine tuned your process, know who your target market is, and maybe even …

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Which Type of Business Entity is Best for Me? Part Two

In the first entry of this two part blog series, we discussed four questions to ask yourself when deciding what business entity to choose. In part two, we go into detail about LLCs, Corporations, and tax considerations for each. Limited Liability Company (LLC) or Corporation The main reason to form an LLC or corporation is …

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Keeping the Family Camp in the Family

With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have been used by families for generations providing an important family tradition and shared memories. As time passes, the number of family members who wish to …

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Planning for Success: Gathering Your Team and Your Ideas

When should I retain an attorney? This is a question with a specific answer for each entity. Some people like to come to visit us before their company is off the ground and we help them legally form their entity and get things legally set up and squared away. Others prefer to form their entity …

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New IRS Rules Regarding Partnership Audits (including LLCs), Part I

This blog will be part one of three regarding the new IRS BBA Rules regarding partnership audits that went into effect on January 1, 2018. Background: For over 35 years the IRS has wrestled with effectively auditing partnerships and their partners (including LLCs and their members, once LLCs began being widely used in the 1990s). …

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Ensuring Compliance with Harassment Training Obligations

The national attention given recently to sexual harassment serves as a good reminder to Maine employers of their obligations to employees in this context. In addition, the first of a new year is always a good time to renew a commitment to a harassment free workplace and ensure compliance with training requirements. In terms of …

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Best Practices in International Business Contracting – Part 2

In a prior blog post, I began discussing best practices when contracting with another business that is outside of the United States. The most successful businesses forecast their potential business risks, discuss them early with their counterparts, include related provisions in their contracts addressing those risks, and then monitor the relationship on an ongoing basis. …

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