A Partnership of Professional Corporations
A Partnership of Professional Corporations
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One of the most challenging issues that arises over the generational viability of a closely held business is in matters of succession planning. Unlike estate planning, succession planning strategizes the continuance of operations as the business passes hands on the...
Theme parks can be significant sources of revenue, but before the cash can flow, the developer of a park must acquire land for the park’s construction. As most everyone knows, the land near Disney World in central Florida has proved its value as a venue for successful...
According to Entrepreneur magazine, the country’s top franchises include several fast food establishments, most of which are well-known in Maryland. For example, Taco Bell was rated the best franchise overall for 2022. Popeye’s Louisiana Kitchen, Tropical Smoothie...
Many Baltimore area business owners know how expensive equipment for their business can be. Both buying and maintaining that equipment can be cost prohibitive. In addition, technology manufacturers are coming out with new and improved models every few years. This...
While starting a business is a major step for entrepreneurs in Maryland and elsewhere, the same is true for established businesses when they expand by acquiring another business or sell their business to another company to acquire. As such, mergers and acquisitions or...
A commercial construction project, especially a larger one, is almost always going to be a complicated affair that involves a number of businesses. The larger the project, the more complicated it will be to coordinate it. Arguably, bigger projects also carry a lot...
Many smaller and mid-sized businesses may take the approach that they will call their lawyers when they get sued or threatened with a lawsuit. They may also call when they realize they may have to take legal action in order to protect their business’s critical...
An estate plan settles your affairs and determines who will inherit your possessions and valuables after your death. There are few remedies if a plan is not in place when you die, and your family members may face financial complications and disputes. These are the...
Online content does not fall outside intellectual property protection. The controversial Digital Millennium Copyright Act, passed in 1998, extends the reach of copyright law to protect digital technologies. DMCA The DMCA was passed to address the business and...
Buying into an established brand and operating a business may be less risky and time-consuming than developing your own idea. This investment, known as franchising, also provides better opportunities for financing. Franchising may have numerous business and commercial...