Many business owners have heard the term “SBA”, particularly in relation to SBA loans, but are unsure of exactly what the SBA is, how it can help small businesses owners and the types of loan programs that the SBA offers. This article will provide an overview of the SBA, an explanation of typical SBA loans,
Many people are vaguely aware that if they sell their primary residence they will get some sort of tax break, however many are not sure what the tax break is, how it is calculated or when it applies. Given the frequent changes to the rules regarding the taxation of capital gain, particularly in regard to
Although Massachusetts private employers are not required to grant vacation time to their employees, many do as benefit to employment. When an employer decides to offer paid vacation time they must be aware that the vacation time accrued or earned under an oral or written agreement with the employee is treated the same as an
As a litigation attorney at Baker, Braverman & Barbadoro, P.C., I am often asked to review documents after a problem arises with an employee, partner, shareholder, vendor or deceased relative. More often than not, I am explaining to the client that the documents that will serve to control the path of the litigation are outdated
Everyone over the age of eighteen should have an estate plan, regardless of your net worth. An estate plan consists of documents that control decisions over your person or your affairs if you cannot make those decisions for yourself, or if you pass away. It includes not only the documents that everyone thinks about such
Evergreen provisions are used in contracts, leases or other agreements that have a fixed maturity date, but the parties anticipate renewals of the term. Such evergreen contracts or leases automatically renew unless one of the parties gives the other notice of their intention not to renew. Generally the contracts will require some period, between one
In the Commonwealth of Massachusetts, Personal Injury Protection (PIP) coverage is mandatory. PIP pays reasonable expenses for necessary medical services, lost wages, and replacement services to you, your household members, and your vehicle occupants if injured or killed in an auto accident regardless of fault. PIP pays the first $2,000.00 in automobile accident related medical
Everyone has already heard that Massachusetts citizens voted to legalize nonmedical marijuana, often referred to as recreational marijuana, and now set forth in Chapter 94G of the General Laws. What legalization means, however, has been a little hazy. This article sets forth an outline of what legalized nonmedical marijuana in Massachusetts means to employers, businesses
PREMIUM LEGAL SERVICES WITHOUT THE BOSTON PREMIUM Happy Holidays! This last month of the year always brings a variety of important events in our lives. A time when we make decisions about our financial and personal affairs. Here at Baker, Braverman and Barbadoro, we celebrate another year of helping our clients achieve success in their
The Massachusetts Legislature recently enacted a bill that will go into effect in July of 2018 titled “An Act to Establish Pay Equity”, a sweeping new law aimed at ensuring equal pay for comparable work for all Massachusetts employees. The Act has several important ramifications for employers. First, the new law bans pay discrimination for