No matter their size or type, Maryland businesses will have to follow some sets of government regulations. Between federal, state and local authorities, the government exercises a lot of oversight over the Baltimore area’s business world. There is little doubt that...
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Business & Commercial
Maryland receivership law
Running a business is complicated, and there are risks at every turn. Every time you make decisions, sign a contract, find a vendor, etc., you are potentially, exposing you and your business to legal liability and business litigation in Baltimore, Maryland. One such...
What should I know if I consider buying a franchise in Maryland?
Prospective business owners in Maryland might not want to start a business from the ground up. One way to do this is by purchasing a franchise. Since there are so many franchises across the nation and around the world, it is easy to believe this is a pathway to...
Why would I consider WBE or MBE certification?
It is important for the Maryland economy and for society, in general, to see to it that women and minorities have opportunities to start and grow businesses. For this reason, the State of Maryland and other government bodies, including the federal government, give...
Unique considerations in succession planning
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...
Top franchises offer a range of goods and services
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...
What are the benefits of equipment leasing?
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...
M&A and risk and compliance teams
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...
Being proactive on legal matters can save time, money
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...
What is franchising?
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...