I take the stress out of dealing with commercial law issues so business owners can focus on growing their businesses.
You can form your business in different structures, including as a partnership. Starting a company with a partner or choosing one after formation offers significant advantages. Nonetheless, you need to understand how this structure works to make informed decisions....
A legal partnership is made when a business wants to work with one or more parties. During this partnership, profit and losses are shared and each party's obligations are outlined. These agreements are sometimes made verbally, which is never ideal. To enforce each...
Basing your partnership on a handshake and the promise that you will always work together to resolve any issues is not a good idea. You need more than that to protect the business and preserve relationships with your partner. A partnership agreement can help you...
Many entrepreneurs take pride in building their businesses from the ground up. After all, you have likely heard stories of businesses starting from someone’s basement or garage. However, buying an existing business is another option if you want to become a business...
Running a business as a sole proprietor can be challenging in a number of ways. From getting the inventory together to managing employees, filing taxes and marketing, you just cannot be an expert at everything. As such, it makes perfect sense to team up with someone...
One of the first questions people ask when starting a new business is how they’re going to fund it. You may have had the business idea prior to considering the costs, and you’ve probably sketched out some of your goals and your vision for the company. Now it’s time to...
Maryland is an excellent state for starting a business. The state offers a variety of resources and support for entrepreneurs, and the population is highly educated and diverse. What do you need to know before you start, and how can you ensure you comply with the...
People who are opening a small business have a lot of things to think about. Most of these have to do with things they need to get done so they can enjoy success and help their business to grow. There’s one thing that every small business owner needs to think about...
Your first inclination may be to seek out a business partner who is similar to you. After all, you and this individual are going to be working very closely together every single day after you start your company. You want to make sure that you can get along. This is an...
As you start your business, you begin to look into hiring your workforce. Most employees in the state are at-will employees, meaning that they don't have a contract. But you may be wondering if it's worth it to use contracts with your employees instead. Generally...