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What Should I Expect When Selling My Business?
Selling a business is a significant transition that requires thoughtful preparation and a clear understanding of the process. Many business owners enter the sale with questions about timing, valuation, legal requirements, and how to protect their interests. A structured approach can help ensure a smooth experience and a result that aligns with long-term personal and…
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What Is Resident Agent Representation?
There are many things that you need to be aware of when you are forming a Limited Liability Company (LLC). Your business would need a registered agent, and it makes sense to hire a business lawyer to act in this role. Having a lawyer as your registered agent can help your business operate seamlessly and manage…
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What Is Corporate Formation and Reinstatement?
When starting or managing a business, understanding corporate formation and reinstatement is crucial. These processes ensure that your business is legally recognized and in good standing with the state. Whether you are just beginning or need to correct a lapse in compliance, taking the right steps can protect your business’s future. Corporate Formation: Building Your…
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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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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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Why Is an Employee Handbook Important for Your Business?
Even though the law does not require Maryland businesses to provide employee handbooks, these documents define the culture, policies, and expectations of your business, protect your commercial interests, and help set expectations for your employees. Both new and established companies can benefit from crafting a well-written handbook that complies with Maryland employment laws—if you need…