
THIENEL LAW BLOG
7 Scams Against the Elderly in 2020
A Maryland elder law attorney can help if your loved one got ripped off by one of these scams against the elderly in 2020. You can call us today for a consultation.
The Older American’s Act - Still Relevant in 2020?
Yes, the Older Americans Act (OAA) provides the funding for critical services seniors need to stay independent and healthy. Congress re-authorized the OAA unanimously in 2020. A Maryland elder law attorney can answer your questions about the Act.
[Updated 2020] Do You Owe Back Taxes? Here's What You Can Do To Get The IRS to Go Easy on You.
It's tempting to procrastinate when you get a letter from the Internal Revenue Service (IRS) that you owe back taxes, but that is the worst thing to do. If you ignore collection efforts from the IRS, things will only get worse, and you will owe more in interest and penalties.
How to Review a Contract
A Maryland business contracts attorney can provide legal advice and explain how to review a contract for your Maryland or Washington, DC company. You can call for a consultation.
Six Tips for Weathering a Recession as a Business Owner
Some financial analysts have predicted that the U.S. economy may be headed toward a recession. The financial hardship caused by the COVID-19 outbreak has been difficult for many companies. With a potential recession on the horizon, it is time to take steps to recession-proof your company.
Common Elder Law Terms Defined
The legal terms used in elder law situations can be confusing and daunting. It is impossible to list and define all the elder law terms in this article, but here are some of the more common jargon you might encounter. A Maryland elder law attorney can answer your questions about these and other elder law terms.
The Tax Cuts & Jobs Act Revisited [2020 Tax Update]
The Tax Cuts and Jobs Act (TCJA) received a lot of attention when it passed in 2017, but with everything that has happened since, it would be a good idea to take another look at the TJCA. Some provisions of the tax reform act did not go into effect immediately, so you might want to talk to a Maryland tax attorney and revisit the TJCA.
The Only Wrong Answer is 50/50: Calculating The Co-Founder Equity Split
Many founders assign equal equity splits before any measurable investment of time, energy, or money into the start-up. Often, early and equal equity splits presume to avoid later tensions and future disagreements among founders while creating a clear path for moving onto other operational decisions. While there are various ways to calculate the co-founder equity split, the only wrong answer is a hasty 50/50 split.
What if I Can’t Find the Original Will? Using a Photocopied Will in Maryland
Yes, potentially the probate court will admit a copy of an executed will for use to probate an estate, but the associated problems with this outcome are many. According to Maryland Rule, Rule 6-153, the personal representative named in the will can petition the court for admission of a copy of a will.
Five Ways to Prevent a Will Contest
When you prepare your will, it contains your desires for the disbursement of your estate after your death. You and your Maryland estate planning attorney spent countless hours developing an estate plan that met all your goals and wishes.
Planning for Long-Term Care
Most individuals need some level of long-term care as they age. The level of long-term care depends on a person’s health and mental condition. Some individuals may require extensive personal and medical care as they age, while other individuals may only require limited assistance with the activities of daily living (ADLs).
5 Things to Look for in an Alzheimer’s Care Center
If your loved one has Alzheimer’s disease or another form of dementia, it is best to scout out long-term care centers before there is a crisis. During recent years, many facilities started offering memory care services. Because there are few regulations and little oversight of what constitutes an adequate facility, here are five things to look for in an Alzheimer’s care center.
Seven Steps for Winding Down Your Business
The first step in winding down your business is deciding it is time to close. For some business owners, deciding to close can be the hardest step in the process of exiting a business. Each business is unique. Once you decide to wind down your business, consulting with a Maryland business attorney can help ensure you take all necessary legal steps to close your business.
Understanding the SECURE Act
The Secure Act has over two dozen provisions that impact various retirement rules, including eligibility, distributions, and contributions. Below are five provisions that may greatly affect your estate plan and retirement plan.
Five Resources for Businesses Struggling During Covid-19
Our Maryland business attorney can help identify resources and explain various programs aimed at helping struggling businesses recover after COVID-19 or another crisis.
Legal Problems Your Start-up Should Avoid
Moving forward with advice from a seasoned Columbia, Maryland business attorney is a smart approach to building your business. Together with good counsel, you will be able to frame your start-up and avoid these common legal problems.
The Ultimate Entrepreneurs Resource Guide: Improve Your Productivity 80% in 2020
In the past, there were times I felt overwhelmed and depleted by the sheer number of decisions needing my attention each day. Then I made simple, focused changes in my approach to business and life. My focus and work productivity improved by 80%, and my worries lessened by nearly the same. Let me share with you what I learned.
Death & Business in 2020: Succession Planning Tips for Small Business Owners
A business succession plan is a document that guides you through the change in ownership of your company. Business succession plans that are well-crafted include several sections that cover many topics and information.
Start-Ups 201 - What Should We Include In Our 2020 Corporate Policies and Procedures?
Your corporate policies and procedures govern numerous aspects of how your company operates and conducts business. The policies and procedures that your company develops protect your company, but they also protect the company’s employees, customers, and clients. Below are eight business matters that generally benefit from well-developed policies and procedures.
Everything You Wanted to Know About the EIDL Program in 2020
The Economic Injury Disaster Loan (EIDL) is a federal economic relief program for small businesses and nonprofit organizations if the current global pandemic of COVID-19 is causing them to lose revenue temporarily. Many companies and organizations are not allowed to do business as usual, if at all. This loan program provides funds that can cover rent, utilities, health care benefits, and fixed debt payments, as well as many other types of ordinary operating expenses.