Business owners in Massachusetts can access solar energy, and depending on how the deal is structured, they can save on their electric bills and benefit from tax incentives and credits. Under the Green Communities Act of 2008, the Massachusetts Legislature permitted each distribution company to construct, own and operate up to 50 megawatts of solar […]
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What happens when an unmarried couple who have worked together, lived together and raised children together go their separate ways? This was the issue presented in a case that Jon Friedmann and Sean Cullen recently tried on behalf of one of RF’s clients. The firm’s client, a male entrepreneur, who had immigrated from Egypt, met […]
The Corporate Transparency Act (“CTA”) is a federal law that was enacted in 2021 and took effect on January 1, 2024. Under the CTA, certain businesses must report the beneficial owners of the company to the U.S. Department of the Treasury’s Financial Crime Enforcement Network (“FinCEN”). This blog post is intended to alert you to […]
In Massachusetts, the Supplier Diversity Program is a state program that encourages state agencies to award state contracts to certified diverse businesses. To qualify for the program, companies must be certified as a diverse business in any of the following categories: Minority Business Enterprises Women Business Enterprises Service-Disabled Veteran Business Enterprises Veteran Business Enterprises Lesbian, […]
In today’s hard economic environment, it is often hard for borrowers to obtain conventional loans from a lender. As a result, it is often necessary for borrowers to turn to less conventional lenders, sometimes referred to as hard-money lenders. The non-traditional lenders often times charge interest rates much higher than that of a traditional lender […]
In the matter of Empire Dealer Services, Inc., et. al. v. Kimberly A. Guerin, et. al, a Massachusetts Court recently granted a preliminary injunction to a corporation enjoining a minority shareholder/former employee from directly competing. Kimberly Guerin (“Guerin”) was vice president and a minority shareholder of Empire Dealer Services, Inc. (“Empire”). In March of 2022, […]
Most astute entrepreneurs will avoid running a business as a sole proprietor or as part of a partnership and opt to limit their personal liability by forming a separate entity to operate the business. A corporation or a limited liability company (“LLC”) is often the best vehicle to shield the business owner’s personal assets from […]
Imagine you receive an email from a known creditor containing an invoice for an account payable. The email contains instructions for you to pay the invoice through an accredited clearing house (“ACH”). The email further contains the creditor’s bank account information for depositing the ACH payment. You pay the invoice by depositing the ACH payment […]
In a stunning proposal, the Federal Trade Commission (FTC) has proffered a universal ban on noncompete agreements. This proposal, albeit a considerable step away from the norm, was not necessarily unpredictable. Most recently, the FTC made a preliminary finding that noncompete agreements constitute an unfair method of competition and therefore violate Section 5 of the […]
Commercial construction projects of $3 million or more are subject to the Prompt Payment Act, G.L.c. 149, §29E (“PPA”), which ensures prompt payment, or resolution, of disputes about, invoices for periodic payment made by contractors during the course of work. It requires owners to approve or reject periodic payment requests within 15 days after submission […]
