The first question for anyone looking to start a business is which sort of legal business structure to adopt. There are benefits and drawbacks to every common business structure and the right one for you depends on your goals, the number of people involved in your business, your personal assets and the amount of direct control you wish to personally retain over your business. The most common types of Massachusetts business structures include:

• Sole proprietorships,
• General partnerships,
• Limited liability companies (LLCs),
• Corporations, and
• Limited liability partnerships (LLPs)

Finally, businesses may go through changes and shifts. Our clients value our guidance and insight as their business ventures evolve and take new turns. We have assisted our clients in navigating asset sales, buyouts, dissolutions, and successfully completing corporate tax conversions (such as a “C” corporation becoming an “S” corporation).

Our experience and expertise in General Business Law and Real Estate are an important factor for the medical and recreational marijuana businesses (MJ). As the legalized marijuana industry and the regulations governing it evolve in Massachusetts, so do the challenges and opportunities. Our background and involvement with the industry since its inception make THORNTON LAW OFFICE ideal to work with in the Cannabis industry.