Forming a limited liability company in Maryland
Category: Maryland Business Law
July 31, 2018
There are several different types of business structures permitted in the State of Maryland, each with their own pros and cons. One of the most popular types business structure is the limited liability company (often abbreviated as LLC or L.L.C.), largely because of its protection from personal liability and pass-through tax status. Although LLCs are […]
LLC personal liability for company’s debts
Category: Maryland Business Law
January 25, 2018
Maryland offers a significant amount of legal protection for the members of LLCs. These protections stem from Maryland law, which provides that “no member shall be personally liable for the obligations of the limited liability company, whether arising in contract, tort or otherwise, solely by reason of being a member of the limited liability company.” […]
How to sell your business?
Category: Maryland Business Law
January 8, 2018
If you are looking to sell your business, it is important that you understand your options and their legal implications. Transfer of ownership The most common way of selling your business is via transfer of all (or a controlling portion) of the ownership interest in your company. Under this scenario, the business entity continues, but […]
Cease and Desist Letters
Category: Maryland Business Law
December 5, 2017
A Cease and Desist Letter can be used for various reasons. Although the exact purpose of the letter may be different, the goals are the same. The letters are from one person to another, asking them to cease or stop whatever action that is in question, and desist or not start the action again. No […]
Is a sole proprietorship the best option for starting my own business?
Category: Maryland Business Law
November 27, 2017
In most states, including Maryland, there are six main types of business organizations: (1) sole proprietorships; (2) general partnerships; (3) limited partnerships; (4) joint ventures; (5) limited liability companies; and (6) corporations. The most basic form of business organization, and easiest to set up, is the sole proprietorship. What is a sole proprietorship? Many people […]
