Business FAQ's

What sort of corporate officers do I need?

At a minimum, a Massachusetts business corporation must have a President, Treasurer and Clerk, and the corporation also needs to elect Directors. At the outset, all of these officers may in fact all be the same person, but as your organization grows, you will probably add additional Officers and Directors. 

What goes in our Bylaws?

Bylaws are the organizational document for a corporation. They outline a process for electing officers, define the roles of the stockholders and officers, describe the voting process and accounting procedures and set out a blueprint for the growth or dissolution of the organization.  Because the bylaws are defined in writing they provide a strong foundation for the operation of your new business. At Brown & Brown, PC, we also recognize that at the outset, a client may not be sure of the path that the business will follow. We can provide bylaws with enough flexibility to let your forge that path as your business progresses, and, if the time comes, we can help you to amend your corporate bylaws. 

Can I name the organization anything I want?

The Secretary of State’s office controls the naming of new LLC’s or Corporations. The name must not be taken already and it can’t be very similar to another name in use (and in good standing) at the time. You can check the availability of names on the Secretary of State’s website by searching the corporate database.  

What is the purpose of an LLC?

An LLC is typically used by business owners who want maximum flexibility for their business without having to comply with the strict formalities of a full corporation.  An LLC is especially useful for families who own business property and would like to protect their personal interests if there is a problem with the business, and it is also a good tool for smaller businesses.