Kajko, Weisman & Colasanti, LLP

August 2018 Archives

Creating a family business succession plan

As the owner of a Massachusetts family business, you may find that your work offers many benefits. You may, too, have plans to leave your business in the hands of a trusted family member or close confidante once you are no longer able to run it yourself, but you may be unsure about what, exactly, the process of doing so entails. At Kajko, Weisman & Colasanti, LLP, we have a firm understanding of the important steps today's family business owners must take in order to craft an effective family business succession plan, and we have helped many clients navigate the process involved in doing so.

When could you sue someone?

If you believe someone has wronged you, your best option is often to find some way to work out your dispute with the other party through conversation or mediated negotiations. You may find that, even without bringing the discussion into a public court, you are able to resolve your issues. However, certain opponents could prove intractable, requiring a stronger impetus to cooperate with your requests. In these situations, you might consider legal action.

Converting a business as part of a succession strategy

Business owners could transfer ownership of sole proprietorships in Massachusetts via a sale of the business assets. This type of sale, like almost any other, would require some planning to minimize tax burden. After some analysis, planners might discover that a conversion, such as incorporation, is advantageous from a financial perspective. 

How can you appeal a health insurance claim denial?

If you count yourself among the many Massachusetts residents who have ever filed a health insurance claim and received a denial in response, know that denied claims are not at all uncommon. In fact, many insurance disputes arise because policy holders believe insurance companies are acting in bad faith when denying their claims. If this describes your situation, you may understand all too well just how upsetting it is when your insurer denies a valid claim and leaves you panicking about how you will pay for necessary care.

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