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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...
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...
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...
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...
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...
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...
The Paycheck Protection Program (PPP) is one of the federal government’s responses to the impact the novel coronavirus (COVID-19) has had on the national and global economy. With small businesses bearing the brunt of the economic impact, the federal government, as a part of its $2 trillion-dollar stimulus, has earmarked $349 billion to fund the PPP to help qualifying small…
Years of persistence by the Hogan administration have finally paid off, resulting in a grant of $125 million of federal funding through the Infrastructure for Rebuilding America Grant Program (INFRA) administered by the U.S. Department of Transportation. This funding...