THIENEL LAW BLOG
2023 Tax Changes: Essential Updates That Could Impact Your Wallet
The Internal Revenue Service (IRS) has announced new tax laws and changes for 2023 that could have a significant impact on your wallet. It's crucial to stay informed and prepared, especially when it comes to filing tax returns for the 2023 tax year. Keep reading for a breakdown of the key updates you need to know.
Supplemental Security Income: COLA 2023 Update
Stay up to date with the latest information on Supplemental Security Income (SSI) and the COLA 2023 update. Our detailed blog post breaks down the changes, eligibility criteria, and ensures you receive the benefits you deserve.
Don't Underestimate the Taxes When Selling Your Business
When selling your business, taxes should not be underestimated. Our informative blog post provides expert advice and practical tips to ensure you navigate the tax implications successfully, maximizing your profits.
Navigating the Gray Area: Legal Implications of ChatGPT Use in Business
Explore the legal implications of using ChatGPT in business and gain valuable insights to navigate the gray area effectively. Our comprehensive guide provides the necessary information to make informed decisions.
What Does Silicon Valley Bank's Collapse Mean For Business?
Discover the aftermath of Silicon Valley Bank's collapse and its implications for businesses. Gain valuable insights to stay ahead and make informed decisions in our thought-provoking blog post.
Single Member LLCs in Maryland: A Comprehensive Guide to Understanding the Benefits and Navigating the Legal Requirements
In this guide, our Maryland business lawyer covers the benefits of setting up a Maryland LLC while explaining the legal requirements under Maryland law you must meet to maintain the benefits of being a Limited Liability Company.
Can I Sell My Sole Proprietorship to My Kids?
You worked hard to build your business for yourself and your family. It is time to pass the company to the next generation. However, what would seem to be a simple task of “giving” the business assets to your kids could create tax liabilities and other legal problems for you and your kids.
How to Form a Professional Entity in Maryland
Licensed professionals can join together to form a business entity in Maryland. They may choose one of several business entities. Choosing the correct professional entity is crucial for protecting your business and personal interests.
Patents: A Primer
Ideas, processes, and designs have intrinsic value. Protecting that value is crucial for individuals and businesses. Patents protect an invention by granting a property right to the inventor.
Financing Your Business: How Do SAFEs Compare with Other Types of Capital Raises?
Financing your business might seem overwhelming. You cannot grow your startup company without funds. However, what is the best way to finance your business while protecting your company and your personal assets?
Financing Your Business: SAFEs vs. Convertible Notes - Which is Best?
It can be difficult for an entrepreneur to obtain seed money for a new startup. Investors want to see a valuation for the company. However, without initial capital investments, getting the company off the ground to create value might be difficult.
Financing Your Business: How Do Convertible Notes Work?
The convertible note, also called a convertible bond, is a financial instrument that lets its holders exchange them for equity in the company. These instruments are usually issued by corporations and governments to raise capital.
Rule 504: Everything You Need to Know
The 1929 stock market crash was the catalyst for federal laws designed to protect investors from companies that made dishonest claims about the financial stability of their businesses.
Liquidated Damages in NDAs
An NDA or nondisclosure agreement protects a company’s sensitive information, trade secrets, and intellectual property. The agreements prohibit employees, vendors, contractors, and other parties from disclosing the company’s confidential information. The agreements also outline when a party can disclose information and the guidelines for doing so.
Copyrights: A Primer
United States copyright laws protect an original work of authorship, so the creator has the legal right to control the release, use, and distribution of their creations. If you are unsure whether you need to copyright your material, it helps to understand the basics of copyrights. This primer has answers from our Maryland business attorney to frequently asked questions about copyrights.
Trademarks: A Primer
A common question clients ask attorneys is whether they need to file trademarks for their intellectual property. However, many people are unfamiliar with what trademarks protect, how to register a trademark, or how trademarks benefit their business. Our Maryland business attorney answers these questions in this primer about trademarks.
Top 5 Tips When Selling Your Business
You might know your company inside and out but not know how to start when you decide to sell your business. Not to worry. Here are the top 5 tips when selling your business that could help you avoid making mistakes or having regrets later.
The Inflation Reduction Act: What Does it Mean for Tax Payers in 2023 (and Beyond)?
On August 7, 2022, the United States Senate Passed the Inflation Reduction Act (“the Act”) along party lines by a vote of 51 to 50. The House of Representatives passed the bill without changes, and President Biden signed it into law on August 16, 2022. Experts and politicians disagree about whether the Act raises or lowers the deficit.
Corporate Policies and Procedures: Adapting to Remote Work Environments
The COVID-19 pandemic thrust nearly everyone into a different way of working and doing business than ever before. People had to quickly adapt to working from a home office instead of going into the office every day. Many places are open again, but with some significant differences.