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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…
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What Is a Letter of Intent?
A Letter of Intent (LOI) is a formal document that outlines the intentions of two or more parties before finalizing a contract. Parties often use a letter of intent to establish a framework for future agreements. It may cover topics like business acquisitions, leases, joint ventures, or employment arrangements, among other transactions. By clearly stating…