Business Law
OKarmaLaw exists so your company can thrive. Whether you are just getting started or looking to expand your existing business. Our clients include, doctors, clothing stores, sneaker consigners, musicians, schools, marijuana establishments, lawyers, and biodiesel companies, with issues ranging from contract disputes, employment agreements and inter-state commerce arrangements. Business law encompasses many areas, and we are here to help you along your way. From creating your vision, to incorporating your business, from mergers and acquisitions, to tax liabilities and consequences, each decision you make, whether large or small, will have severe consequences on your company’s future. We have represented companies at every stage, from partnerships just starting out, to nonprofits looking to obtain federal 501(c)3 status, and would be honored to give your company the legal advice you need to thrive.
How to start a Business
Choose a business name, making sure to check for availability.
Register the business name with local, state, and/or federal authorities.
Obtain any required local licenses.
Determine what tax and other regulatory obligations.
Open a bank account for your business.
If you plan to have employees:
- you need to apply for an Employment Identification Number from the IRS. You can apply for an EIN online.
- you will need to register for Massachusetts withholding-payroll taxes using the Massachusetts Department of Revenue business registration page.
- you must carry workers’ compensation insurance. The Department of Industrial Accidents administers this program. you can find many additional details, including verifying work eligibility and withholding allowances, on the Hiring Employees section of the IRS website. You can find state-level information on reporting new hires at the Massachusetts New Hire Reporting Center website.
- As a business owner or employer, there may be other informational returns that you have to file annually or semi-annually with the IRS. For more information, take a look at the IRS Guide To Information Returns.
For more information schedule a consultation with us today.