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Baker, Braverman & Barbadoro P.C.
Law Firm In Quincy Massachusetts - Premium legal services without the Boston premium
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Small Business Administration (“SBA”) programs are designed to support small businesses and entrepreneurs by providing access to capital, contracts and counseling. The SBA is governed by an Administrator (who must be confirmed by the Senate) supported by a team of deputy and local administrators.

This article will provide an overview of the SBA, an explanation of typical SBA loans, a summary of the three key SBA loan programs and a description of important legal considerations involved in SBA financing.

https://bbb-lawfirm.com/2017/06/16/sba-small-business-loans-in-a-nutshell/

#sbaloans
#loansattorneys
#quincylawyers

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Generally when a single person sells their primary residence they can exclude up to $250,000.00 in equity from capital gain (for couples who are married and filing jointly the exclusion is up to $500,000.00). In other words you do not have to pay any taxes on the first $250,000.00 (again $500,000.00 for married couples) in profit from the sale of your primary residence. Of course to qualify for this exclusion the homeowner must have lived in the house as their primary residence for 2 out of the last 5 years immediately preceding the sale. Some complications arise if you have more than one residence or if the property was used as rental property in that time frame.

https://bbb-lawfirm.com/2017/06/14/minimize-the-pain-of-capital-gain/

#capitalgain
#capitalgaintax
#taxattorneyquincy
#realestatetax
#homeowner

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Although Massachusetts private employers are not required to grant vacation time to their employees, many do as benefit to employment. When an employer decides to offer paid vacation time they must be aware that the vacation time accrued or earned under an oral or written agreement with the employee is treated the same as an earned wage under the Massachusetts Wage Act.

https://bbb-lawfirm.com/2017/05/13/massachusetts-private-employees-are-not-entitled-to-paid-vacation-time-but-if-it-is-a-benefit-offered-by-an-employer-accrued-unused-time-must-be-paid-out-upon-separation/


#EmploymentAttorneysQuincy #QuincyLawyers #PaidVacation

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As a litigation attorney at Baker, Braverman & Barbadoro, P.C., I am often asked to review documents after a problem arises with an employee, partner, shareholder, vendor or deceased relative. More often than not, I am explaining to the client that the documents that will serve to control the path of the litigation are outdated or ambiguous.

https://bbb-lawfirm.com/2017/05/09/checkup-for-your-docs/

#LitigationAttorneysQuincy #LawyersQuincy #LegalDocuments

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Everyone over the age of eighteen should have an estate plan, regardless of your net worth. An estate plan consists of documents that control decisions over your person or your affairs if you cannot make those decisions for yourself, or if you pass away. It includes not only the documents that everyone thinks about such as a Will or Trust, but it also includes important documents such as a Health Care Proxy, Power of Attorney, and beneficiary designations.

The wealthy may have a more complex estate plan, but everyone should have the basic documents; Health Care Proxies, Powers of Attorney, and a Will. A Health Care Proxy gives someone trusted the power to make health decisions on your behalf if you are incapacitated. While a Health Care Proxy controls health decisions, a Power of Attorney controls business decisions. A Power of Attorney appoints someone you trust to make financial decisions on your behalf. A Will directs how your assets will be distributed after you pass away.

https://bbb-lawfirm.com/2017/04/17/estate-planning-isnt-just-for-the-wealthy/

#attorneysquincyma #ProbateAttorneys #Trust&EstatePlanninglawyersquincy

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The Massachusetts Appeals Court recently analyzed the burden of proof applicable to automatic renewal clauses, otherwise known as evergreen clauses, and concluded that the party seeking to prove performance of the acts required to stop the automatic renewal had the burden to prove compliance with the terms of the contract. Although the underlying dispute involved a commercial lease, the holding is applicable to any contact containing an evergreen clause.

https://bbb-lawfirm.com/2017/04/10/massachusetts-appeals-court-decides-burden-of-proof-for-evergreen-clauses/

#attorneysquincyma #evergreenclause #MassachusettsAppealsCourt

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It is important to understand the difference between PIP and Medical Payments (Med Pay) coverage when you are selecting your auto insurance coverage and optional coverage packages. Since Med Pay coverage is optional, it is in excess of your PIP coverage and cannot be carried without PIP coverage.

https://bbb-lawfirm.com/2017/04/04/whats-the-difference-between-pip-and-med-pay-coverage-on-your-automobile-insurance-policy/

#quincylawyers #PersonalInjuryProtection #MedPay

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Nonmedical Marijuana Law In Massachusetts

https://bbb-lawfirm.com/2017/03/10/looking-through-the-haze-of-the-nonmedical-marijuana-law-in-massachusetts/

Everyone has already heard that Massachusetts citizens voted to legalize nonmedical marijuana, often referred to as recreational marijuana, and now set forth in Chapter 94G of the General Laws. What legalization means, however, has been a little hazy. This article sets forth an outline of what legalized nonmedical marijuana in Massachusetts means to employers, businesses interested in joining the cannabis industry, municipalities, and everyone else.

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