Important information for potential Maryland franchise owners
- August 18, 2016
- Business Law
Deciding to start a business is exciting and challenging. It is also often complicated and involves significant initial investment. This is why many aspiring business owners choose to purchase a franchise. A franchise is less costly and involves less risk than starting a co[ ... ]
Wage and Hour Laws
- August 18, 2016
- Business Law
Wage and Hour Laws The Fair Labor Standards Act of 1938 (FLSA), as amended, governs the method and rate of pay to be given to virtually all employees in the workforce, including those who are members of unions. An employer is required to comply with FLSA if it i[ ... ]
Venture Capital
- August 18, 2016
- Business Law
Venture Capital The most frequent source of capital for small companies is owner capital investment and cash generated from operations. Often, however, these sources are insufficient to finance equipment purchases or business growth. Small businesses must then c[ ... ]
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 As entrepreneurship expands, closely held businesses comprise an increasing proportion of the business community. Closely held businesses (or close corporations) are companies with few shareholders. Since there are so few shareholders, th[ ... ]
Mergers, Acquisitions and Divestitures
- August 18, 2016
- Business Law
Mergers, Acquisitions and Divestitures As many companies evolve, they see potential for growth or improved operations by combining their efforts with other businesses. In some instances, seizing these opportunities invokes a legal requirement to spin off certain pr[ ... ]
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,[ ... ]