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 ..read more

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 ..read more

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 ..read more

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 ..read more

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 ..read more

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. The type of business, the partners’ goals, and state laws factor into your decision whether to form an LLP or an LP. An experienced Maryland business formation attorney can help you determine whether a limited partnership (LP) or a limited liability partnership (LLP) is best for your needs and goals by comparing the difference between LP and LLP.  What Is the Difference Between ..read more

Imagine receiving a notice from the Internal Revenue Service (IRS) about a tax audit or finding out that you owe a significant amount in back taxes. Navigating the complex world of tax laws and regulations can be overwhelming, but there’s one professional who can help you through these challenges: a tax attorney. In this post, we’ll explore the crucial role tax attorneys play in your financial success, including guiding you through the maze of tax laws, advocating on your behalf, and providing valuable advice on what a tax attorney does. Key Takeaways A tax attorney provides legal advice and ..read more

When a person dies in Maryland, their property becomes subject to Maryland inheritance law. Understanding Maryland inheritance law and how it impacts property distribution is essential to ensure your wishes are fulfilled after your death. Our Maryland estate planning attorney provides this comprehensive guide to understanding how inheritance works in our state to help you decode Maryland inheritance law. Factors That Influence Estate Division The most significant factor influencing estate division is whether you have a Will when you die. If you have a Will, your Will dictates how your property ..read more

Are you self-employed? Being self-employed has many benefits. You can set your own hours and decide what jobs you take. However, you cannot escape paying federal income taxes. Our Maryland tax attorney discusses self-employment tax in this article, including ways to prepare for and minimize self-employment tax. What Are Self-Employment Taxes? In addition to income tax, you need to pay self-employment (SE) taxes. Your self-employment tax supports the Social Security and Medicare programs, just like tax withholding for an employee. The self-employment (SE) tax is the equivalent of the FICA (Fede ..read more

As a small business owner, understanding the impact of federal withholding tax on small businesses is crucial. Not only does it affect your employees’ paychecks, but it can also have significant implications on your business’s financial health and compliance with tax laws. Are you aware of your responsibilities and the potential consequences of mismanaging this essential aspect of your business? This comprehensive guide provides you with valuable insights into the impact of federal withholding tax on small businesses: what you need to know. You’ll learn about the key components, your responsib ..read more