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A corporation that is not all about profits?

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

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

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

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

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

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

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

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

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

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[ ... ]

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