Massachusetts And New Hampshire Law Blog

More than likely, you are going into business to make a profit. As you start your company, you commit to going to great lengths to make sure you set it up for success. You may have already purchased insurance policies to cover losses of property, expenses from liabilities and more. Another insurance product you may want to consider is business interruption insurance.

This type of insurance covers any income you may lose while you cannot run your business due to some catastrophe, such as a fire, flood or some other calamity. In order to help avoid any misunderstandings, miscommunications or disputes, it would be useful to better understand some of the common terminology in these policies.

It is impossible to know what life is going to throw at you. You can be sailing along just fine, running your business and living large, and then the next minute, your world can be turned upside down with a devastating medical diagnosis. If you were recently diagnosed with a disorder that is going to affect your mental capacity now or in the near future, the next steps you take as a business owner could make or break your company. You see, mental capacity can affect business succession planning.

If you wait too long, any succession planning you do may be deemed legally invalid. For any legal document to hold up, you have to be of sound mind when you create it. So, if you do not have a succession plan in place or you want to make changes to one that you already have, don't wait, get it done.

Every day, in Massachusetts and elsewhere, there are women and men who are subjected to unwanted sexual advances and inappropriate behavior by their co-workers. Sexual harassment is a very real issue, and the victims of it end up suffering in more ways than one. A recently published article directly addressed the damaging effects sexual harassment has on women, and what researchers have found may be surprising to some.

According to the article, the American Association of University Women found that women who are subjected to sexual harassment in the workplace end up having fewer job opportunities, make less money than their co-workers, experience depression, may experience post-traumatic stress disorder and have a higher risk of developing long-term health problems -- among other things. A survey conducted by the AAUW found that 38% of women who are harassed in the workplace end up leaving their jobs early, while 37% claim that the harassment slowed their career advancement. Still, sexual harassment, in many cases, ends up going unreported -- why?

Most couples with a high net worth in the state of Massachusetts did not get where they are by letting their money sit in low-yield savings accounts; they invest. What happens to these investments, though, when a couple chooses to end their marriage? Who gets to keep what when the divorce is final?

Investments, like all other assets, are subject to division if they are considered marital property. How various investment accounts are tapped to divide them depends on a number of things, such as the type of account, tax penalties, financial penalties and fees. Some accounts can be split without any issues; others are a bit more complicated to handle.