Categories for Small Businesses

Deadline for 2017 Real Estate Tax Abatement Applications Is February 1

January 25, 2017 10:28 am Published by

Property owners: Don’t miss the filing deadline for your real estate Tax Abatement Application. If you believe that your real estate valuation and tax bills are too high, you must file an Abatement Application with your city or town on or before the last day for payment of the first installment of the tax bill due as shown on the “Actual” (as opposed to the “Preliminary”) tax bill.

For Worcester properties, the Fiscal Year 2017 Actual tax bills were mailed on January 1, 2017, and the payment is due February 1, 2017. You must file your Abatement Application on or before Wednesday, February 1. You must pay your real estate taxes on time to be ...

Close Corporations: A Cautionary Tale of Misplaced Trust and Fiduciary Failings

September 23, 2016 8:52 am Published by

Worcester made its mark in the 19th and 20th centuries as a manufacturing center, giving rise to industrial giants such as Norton Company and Wyman Gordon, many of which were owned for generations by small family groups. Home to inventors and entrepreneurs, our city has also fostered many smaller businesses, founded and operated by families or friends.

Oftentimes the stockholders, directors and officers in these “close” corporations are the same two or three people, each one performing multiple roles simultaneously in the corporate structure. Such companies play a significant role in the Commonwealth’s economy, but their very smallness creates a unique set of risks for the owners.

Close Corporation Defined

In Donahue v. Rodd Electrotype of New England, ...

Protect Your Business from a Data Breach

October 8, 2015 11:45 am Published by

Businesses of all sizes wrestle with the complex interplay of privacy rights and data security in the workplace. If you aren’t wrestling with it, then you may have already been pinned. Let’s get you up off the mat.

To illustrate the issue, let’s take an everyday situation. Suppose that a local landscaping company (“the Company”) has recently experienced a welcomed growth spurt. In response, the Company has increased its field staff and its office staff. The office staff, a total of four employees, are assigned workplaces with computers connected to a local server, with a central database of customers, scheduling, payment information, and other sensitive data.

As in many workplaces, the office is adjacent to the crew areas, and ...