Partnerships
- August 18, 2016
- Business Law
Partnerships Partnership is one of the oldest forms of business organization. Historically, partnerships required no special formalities, but could arise simply by virtue of two or more people acting in concert for profit. Through the ages, this relationship has[ ... ]
Nonprofit and Tax-Exempt Organizations
- August 18, 2016
- Business Law
Nonprofit and Tax-Exempt Organizations Many organizations wish to benefit from tax exemptions offered by the Internal Revenue Service for certain types of groups; however, the process of gaining this status can be lengthy and complex. The procedure requires time[ ... ]
Computer Law
- August 18, 2016
- Business Law
Computer Law Computer law combines law from several different areas, as applied to computers and computer use. Because of the complexity and fast-changing aspects of computer law, a lawyer can help a businessperson sort out what law applies and how to protect a[ ... ]
Dissolution
- August 18, 2016
- Business Law
Dissolution Businesses faced with persistent disagreement, negative business results, or simple disinterest may dissolve according to state law. Most states provide a variety of dissolution forms for different types of business interests. The proper procedure de[ ... ]
Closely Held Businesses
- August 18, 2016
- Business Law
Closely Held Businesses Management and Control Majority shareholders of closely held businesses largely control the corporation. These shareholders usually name the board of directors and management and may even choose employees or assume these posit[ ... ]
Formation and Business Planning
- August 18, 2016
- Business Law
Formation and Business Planning One of the decisions business owners must make is choosing the ownership structure that the business will have. Owners must consider the amount of liability they want to assume,[ ... ]
Will My Business Make Money?
- August 18, 2016
- Business Law
Will My Business Make Money? As the old adage says, Life has no guarantees. No one can predict with certainty whether a business will be successful. Unpredictable, even catastrophic, unplanned events may occur that will change the course of your business for the wo[ ... ]
What businesses in Maryland need to know about taxes
- August 18, 2016
- Business Law
Entrepreneurs can benefit from a basic understanding of tax laws before beginning business in Maryland. The Internal Revenue Service (IRS) and the Maryland Comptroller require businesses to begin paying taxes as soon as income is earned. Businesses generally have t[ ... ]
Business Organization & Transactions Newsletter
- August 18, 2016
- Business Law
Corporate Taxation A corporation is a distinct legal entity that must pay income and other taxes separately from its shareholders. As a result, net income is potentially subject to double income taxation. Net income is taxed at the corporate level on an annual basis[ ... ]
Subletting: Good or Bad for Landlords?
- August 10, 2016
- Landlord Law
When drafting a lease agreement, landlords sometimes wonder whether they should include a cause that expressly forbids tenants from subletting their rentals. If you prohibit subletting, you may be able to avoid some complicated legal issues, but there are a few reasons sublett[ ... ]