Tax Issues for Startups

In his article, Tax Issues for Startups, tax attorney Chip Wry summarizes some of the more significant federal income tax issues that founders may encounter in forming their companies, hiring and compensating employees and other service providers, and raising capital. Chip discusses tax on earnings, investor sensitivities, equity awards, financing terms, and other issues. Read the full …

Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017

On December 22, 2017, President Trump signed into law a sweeping tax reform bill known as the Tax Cuts and Jobs Act of 2017 (“TCJA”) that introduced significant changes for individuals, corporations, and pass-through entities. In his article Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017, tax attorney Joe Hunt summarizes …

C Corporations and Pass-Through Entities Under the New Tax Regime

In selecting the form of organization for a business or investment entity, the owners typically must choose from among a C corporation, an S corporation and an entity, such as a limited liability company (“LLC”), classified as a partnership for tax purposes.  A C corporation is separately taxed on its income, with the owners generally …

Joseph Hunt Joins MBBP as Corporate & Tax Associate

We are pleased to announce the addition of corporate and tax associate, Joseph E. Hunt IV. Joe advises emerging and middle-market companies in a wide range of industries and at all stages of their development. Joe also provides counsel to clients on general tax matters, entity formation, and on corporate governance. Prior to joining MBBP, …

Chip Wry Discusses Choosing a Business Structure in Inc. Magazine Article

Inc. Magazine's article "10 Questions to Ask Yourself Before Choosing a Business Structure" offers a primer on choosing a company's business form. Tax attorney Chip Wry notes that "choosing a business entity is like looking into the crystal ball of your company's future". The article covers some of the differences between S corp, C corp, …

Dave Czarnecki Xconomy article: “Tax Reform and Choice of Business Entity”

In his new article for Xconomy, "Tax Reform and Choice of Business Entity", corporate and tax partner Dave Czarnecki discusses how the decision of choice of entity for an entrepreneur's business has both tax and non-tax implications. The decision is especially important given the impending White House tax reform plan, which could include a reduction …

Chip Wry Discusses Entity Choice and Tax Reform in Accounting Today

Accounting Today's article titled "To LLC or not to LLC: Entity choice and tax reform", discusses the importance of choosing the correct type of entity to use when forming a business, and the possible impact of an upcoming tax reform. Tax attorney Chip Wry states that while the exact outline of the tax reform is …

Ryan Perry Discusses Profits Interests and their Potential Business Benefits and Caveats in New Article

One of the first and most important tax-driven decisions a founder must make is the type of entity in which to house his or her venture. Though much ink has been spilled over the pros and cons of choosing a corporation versus a limited liability company, or LLC, one thing is certain: most folks understand …

MBBP and Attorneys Earn “Best Law Firms” and “Best Lawyers” Rankings

Morse, Barnes-Brown & Pendleton PC is pleased to announce it has received national and regional rankings in the U.S. News & World Report / Best Lawyers® "Best Law Firms” listing for 2017. To be eligible, firms must have attorneys who are listed in the current edition of the Best Lawyers in America. MBBP has received national rankings …

Tax Alert: Massachusetts 2015 Limited Tax Amnesty Program

Taxpayers who have received a Tax Amnesty Notice from the Massachusetts Department of Revenue (DOR) may be eligible to participate in a 60-day Amnesty Program. Under the Amnesty Program, the DOR will waive certain penalties (and penalty interest) if an “eligible” taxpayer makes full payment of all tax and interest due for the taxes and tax periods …