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Is Your Business Succession Plan Ready for Your Retirement?
Business succession planning involves creating a strategy for transferring ownership when an owner leaves, retires, or passes away. Succession planning is essential for ensuring a smooth transition of ownership, either in the long-term or during unexpected events to safeguard the business’ future. Common types of business succession plans include: What Are the Key Elements of…
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What Is Collaborative Divorce?
Divorce is often seen as a contentious and emotionally taxing process, but it does not have to be that way. Collaborative divorce offers an alternative approach, one that focuses on cooperation, mutual respect, and achieving solutions that work for everyone involved. For couples seeking a less adversarial way to end their marriage, collaborative divorce may…
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What Are Some Tips for Blended Families After Divorce?
Blended families are becoming more common, but that does not make the process any easier. When families come together after divorce, they often face unique challenges. These families must manage new relationships, shared responsibilities, and shifting roles within the household. With the right strategies, blended families can thrive while fostering mutual respect and harmony. Below…
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Intellectual Property Rights in the Digital Age
Protecting Intellectual Property (IP) is essential for businesses of all sizes. As technology advances, so do the risks and complexities that surround IP. From copyright infringement to data theft, digital innovations present new challenges for businesses in Maryland and beyond. Types of Intellectual Property and Their Importance Intellectual Property encompasses various forms of creations and…
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Homeowners and Suspended Voting Rights
The Colorado Court of Appeals recently upheld a ruling that allows a homeowners association (HOA) to bar a homeowner with suspended voting rights from running for a board position. The case, Majersky v. LCM Property Management, Inc., highlights the importance of HOA governing documents and the authority they grant. In this case, homeowner Gregory Majersky…
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What Is a Property Lien?
Property liens are legal claims against a property that serves as security for a debt or obligation. If the property owner fails to satisfy the debt, the lienholder may have the right to enforce the lien, often through the sale of the property. Understanding property liens is essential for both property owners and potential buyers…
