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Ending a partnership can be messy, but there are options to make the process go more smoothly. Depending on your agreement and the terms of your contract, you might have a few different avenues available. There are a couple of things to think about when your business...
Whether you are starting up or in expansion mode, choosing between buying or leasing commercial property for your business is an important consideration. Your current finances, expected growth and flexibility all factor into the decision. As with any choice you make...
Owning a family business is a significant achievement, but there comes a time when you may consider passing the reins to the next generation. This process involves careful planning and execution to ensure a smooth transition and the continued success of your family...
It is natural to worry about risking collateral to secure a loan for a commercial purchase or to finance an aspect of your company's operations. This is why some entrepreneurs apply for unsecured loans. It is not easy to find approval for this kind of loan, but it is...
In the world of business, growth is often the primary goal. One effective way to achieve this growth is by merging with another company. A merger can lead to increased resources, broader customer reach and enhanced market presence. Merging with another business is not...
While the decision to end a business is not always easy, it may be necessary to move on to new opportunities. However, you cannot simply declare an end to your enterprise and walk away. To make sure you make a clean break from your company, you should take the time to...
2021 Annual Reports and/or Personal Property Tax Returns must be filed for all domestic and foreign business entities with the Maryland Department of Assessments and Taxation (SDAT) no later than Thursday, April 15. If you request a two-month filing extension through SDAT’s online extension system, your filings will be due to the Department no later than Tuesday, June 15. The…
Annual Reports and Personal Property Tax Returns must be filed by July 15, 2020, no further deadline extensions will be permitted. Here, the qualified Maryland attorneys at Snee, Lutche, Helmlinger & Spielberger, P.A. outline SDAT’s 2020 annual business filing process in the midst of COVID-19. SDAT Will Not Be Granting Any Further Deadline Extensions According to SDAT’s website: 2020 Annual…
The COVID-19 outbreak has had a devastating impact on numerous business industries. Many businesses have closed, or will, in response to the COVID-19 pandemic, and it is not surprising that thousands are filing business interruption claims with their insurance companies across the United States. Many insurers are denying these claims as a matter of course, citing numerous policy exclusions. Here,…
Online Expedited Fees Waived for Businesses Seeking to Revive Online The Maryland Department of Assessments and Taxation (SDAT) has announced 14 new online services on Maryland Business Express that will make it significantly easier for businesses to get back into “Good Standing” status, a requirement necessary for many types of Coronavirus-related relief programs. We strongly encourage all business owners to…