Free Confidential Consultation. Call Now! 410-299-4959

sreichert@reichertlegal.com

Can a Personal Representative Designated in a Will Act Before the Principal’s Death?

Post Image

A Personal Representative has no power to do anything before death. Only a Power of Attorney or court appointed guardian can act during the principal’s lifetime. As such, it is important to meet with a lawyer and execute the proper Power of Attorney documents before such an individual is needed, rather than later when issues […]

Read More

Business Name vs. Trade Name

Post Image

A business name is the official, legal name of the business entity, be it a partnership, LLC, or Corporation. You use your business name on government forms and applications. Limited partnerships, LLCs, and corporations establish their legal names when registering the business structure. The legal name is part of your articles of incorporation. Sometimes, a […]

Read More

Questions to Consider When Writing an LLC Operating Agreement

Post Image

Here are some questions to consider before starting your LLC and forming your Operating Agreement. Start Up: How much money is each member contributing to starting the business? Will someone contribute more? What if you need more money? Will you open the doors to outside investment? Will the members contribute more money? What is each […]

Read More

What is the Difference Between an LLC and an S-Corp?

Post Image

Although S Corporations and LLCs share similar characteristics – both provided limited liability protection to ownership and management, and both are taxed by the “pass through” system like partnerships –LLCs are more flexible and have fewer restrictions than S Corps. The first major difference is that an S Corporation’s size and ownership composition are limited […]

Read More

What is an S-Corporation?

Post Image

An S-Corporation (S-Corp) is one of two types of corporations defined by subchapter of the tax code they are governed by. Like more common C-Corporations (C-Corp), or publicly-traded corporations, S-Corps provide limited liability to management and shareholders, protecting the personal assets of those who would otherwise face personal liability in case of a creditor’s claim. […]

Read More

Free or Reduced Fee Legal Services in Maryland

Post Image

If you are in need of legal service but are unable to afford the cost you may qualify for reduced or free legal assistance through one of these organizations. MARYLAND LEGAL SERVICES CORPORATION FUNDED PROVIDERS 2017 Contact Information Allegany Law Foundation -(301) 722-3390 Alternative Directions – (410) 889-5072 Asian Pacific American Legal Resource Center- (202) […]

Read More

Maryland Probate: Personal Representative Moves Out of State

Post Image

What happens if you are the personal representative, aka executor, for a Maryland estate but then you move from Maryland to another state? The short answer is that you may quality to continue as the personal representative however you will need to file a request to appoint a Maryland resident agent. The resident agent must […]

Read More

Maryland Business Contracts: The Importance of Grammar

Post Image

When your business is contracting with another business, employee, contract staff, or other client, it is important that each clause, and each sentence, is properly worded and has the appropriate legal grammar. The lack of a serial comma—aka Oxford comma—in a Maine milk company’s contract is now going to cost them millions of dollars. Read […]

Read More

Record Your Will & College Park, Maryland Estate Planning

Maryland, unlike many states, allows Wills to be filed with the county in which you live. As an estate planning attorney, I have encountered clients in Maryland who have failed (or their attorney failed) to file their Will with the county. This is a critical final step in the Will creation process as it ensures […]

Read More

How Do I Redeem Maryland Ground Rent?

Post Image

Ground rent is common in Maryland especially with property in Baltimore City. If ground rent is on your property then you are responsible for pay a small amount of money each year to the owner of the ground rent. The amounts vary but I find they are typically around $100 to $200 per year. Owners […]

Read More