Many small business owners build their companies to ultimately pass to their children. However, gifting a business is more complex than handing the building keys to the new owner.

Small business owners seeking clarity on tax preparation, look no further. This guide delivers a precise “small business tax preparation checklist to avoid common pitfalls” designed to help you ensure an error-free and maximized return.

Deciding when to hire a business law attorney can be confusing. If you are wondering whether you need a business law attorney, check out this quick guide.

Many Maryland business owners are not familiar with the federal and state laws that regulate their hiring practices and create employment contracts for their employees. Too many of these employers go on to violate some or all the labor laws, which can lead to legal problems. This is why it is so important for them to have a business attorney at hand who can help them out.

Do you know how to protect your rights to your intellectual property? It is crucial that your business has an intellectual property strategy (IP strategy) as part of its business plan.

A QDRO is a decree or order recognizing another person such as a former spouse, child or dependent as an “alternate” or “alternative” payee to a retirement plan. The alternative payee can receive all or part of the benefits under the plan.

Many people focus on choosing a business structure when starting a new business. However, choosing a business entity is only one step new entrepreneurs need to take when starting a new business. Starting a Maryland business the right way involves many steps.

When a person dies, their property and assets become part of their probate estate. A personal representative is appointed to administer the estate. The personal representative may be chosen by the decedent and nominated through the decedent’s Will. If the person did not have a Will, Maryland’s estate laws prioritize the list of people who may serve as the personal representative of an estate.

Business breakups happen. A partnership is, at its core, a relationship between two or more individuals who join forces to pursue a shared business vision. Like any relationship, it’s natural for partners to face disagreements and disputes along the way. Most of the time, these issues are resolved, allowing the partnership to continue.

As an employer, you must take steps to protect your business interests if an employee leaves. Key employees may try to take customers and clients with them if they quit or you terminate their employment. Using employment contracts can help reduce the risk of losing business to a former employee.

Working for the federal government can be very lucrative for your business. The United States government is the largest buyer of products and services in the world. Some contracts offered by the federal government are open to any business that qualifies for that contract while some contracts are limited to certain types of businesses, such as women-owned small businesses.

Companies that offer fractional business services are growing and thriving in the business world. Many companies are utilizing fractional business services, including fractional legal services. Entrepreneurs quickly realize that they need a team of business professionals to operate their business and make a profit.

Choosing the right business entity is an important phase in business formation. Each type of business entity has certain advantages and disadvantages for the partners, including personal liability protection.