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What is an EIN and am I Eligible?

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An Employer Identification Number (EIN) is a unique identification number assigned by the IRA for business entities. A “responsible party” must use his or her SSN in order to obtain an EIN, and there is no cost to the process. A “responsible party” is the person who owns or controls the business entity or who […]

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Maryland Business Contracts: The Importance of Grammar

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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 […]

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Maryland Business Law: What is a Memorandum of Understanding?

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There is often confusion over the difference between a Contract and a Memorandum of Understanding (MOU) as well as a basic misunderstanding of what a MOU does. A MOU is a written agreement between two or more parties. A MOU specifies mutually accepted expectations and intentions between the parties, however the agreement is typically not […]

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