A Partnership of Professional Corporations
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When you find yourself involved in a business dispute, you may decide to arbitrate before proceeding to litigation. Your business contract may also include a mandatory arbitration clause, requiring you to try arbitration. Arbitration is common in the business world,...
Fixed-price contracts often offer predictability for buyers and sellers. However, they do not automatically insulate companies from tariffs unless the agreement explicitly allocates responsibility for those costs. Tariffs, which are government-imposed fees on imported...
A strong partnership can steel your business against ever-changing market forces, giving you the expertise, stability and flexibility needed to succeed. Yet, partnerships can have their challenges. After all, those who run a partnership are human, each with their own...
Construction defects can be a homeowner’s nightmare, presenting a complex web of legal challenges that require careful navigation. Whether it's a leaky roof, cracking foundation, or faulty wiring, these defects can lead to significant financial and emotional distress....
When you are considering purchasing a business, you will go through the due diligence process. Conducting due diligence means gathering information to verify that a business is financially sound and identifying risks to ensure you are making the correct decision. The...
Businesses large and small rely on contracts to ensure their business grows, runs smoothly and maintains employees. Thus, when issues concerning a contract arises, it could have significant ramifications on the business. As such, it is important to understand the...
When disputes or claims arise against corporate officers, questions immediately surface about the use of liability insurance. In Maryland, companies sometimes rely on policies like directors and officers or errors and omissions insurance to shield management-level...
If you live in Baltimore and are thinking about ways to shape your legacy, adding charitable giving to your estate plan can offer meaningful advantages. While it is not required, weaving philanthropy into your estate plan can provide legal clarity, tax relief and...
When most of our readers in Maryland and the D.C. area think about estate planning, they probably think mostly about establishing plans for what happens to their assets after death. But, any comprehensive estate plan will also include documents that provide direction...
An S corporation, or S corp, is a business structure that provides tax advantages while still offering the benefits of a standard corporation. In Maryland, this setup is particularly appealing to small and medium-sized businesses aiming to optimize tax outcomes. The...