The practice of using trusts or limited liability corporations (LLCs) has become more common and they are often used for transferring legal ownership, asset protection, estate planning, tax strategies, or for privacy reasons. As a business grows or as personal assets evolve, it’s easy to lose track of the legal ownership of property.
The equipment and tools purchased for your business are a big investment. The insurance available to protect that investment is not created equal, and there are many options to consider. One important consideration when purchasing insurance for equipment is valuation.
Did you know that Massachusetts Division of Capital Asset Management & Maintenance (DCAMM) has enhanced its construction contract procurement processes by transitioning to an Electronic Bid Bond submission?