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Buzz Archive:
Potential Draconian Penalties Imposed Under Massachusetts Law on Start Ups

by Joseph W. Bartlett, Founder of VC Experts.com, 3/13/2008

According to an alarming heads up by Ronan O'Brien and Kristin McGurn, of Seyfarth Shaw, there is an extraordinary trap for the unwary in Massachusetts (also known as 'Taxachusetts'), the State Payment of Wages Act.

Read a brief overview and example of this potentially damaging issue to pre-revenue startups and their founding members. What does this mean for Massachusetts-based startups or the startups in your state? Read more and leave your thoughts and comments.

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