LLCs Are An Increasingly Popular Business Entity Choice
- August 18, 2016
- Business Law
Each year, many people in Maryland decide to go into business for themselves. Entrepreneur magazine has noted that, of the myriad of choices you have to make when starting a business, one of the most important is the type of legal structure you select for your company. This[ ... ]
How to know if your noncompete is valid and enforceable
- August 18, 2016
- Business Law
Noncompete agreements in the U.S. are legal and enforceable as long as they are reasonable. But what does this mean? In today's 21st-century competitive business world, a wider variety of employers are using noncompete agreements than in years past. Accor[ ... ]
A corporation that is not all about profits?
- August 18, 2016
- Business Law
If you happened to open the New York Times on Thanksgiving Day of 2012, you probably could not help but notice the rather shocking full page ad the company Patagonia ran showing a popular jacket beneath the banner--"DON'T BUY THIS JACKET." Was this clever merchandising or w[ ... ]
Succession Planning is a Smart Choice for Maryland Business Owners
- August 18, 2016
- Business Law
Retiring baby boomers are behind a surge of small business sales across the nation, according to the Huffington Post. In Maryland, companies are changing hands and new businesses starting up on a regular basis, creating a healthy environment for entrepreneurs. Whe[ ... ]
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[ ... ]