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What is an S-Corporation?

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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. […]

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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 S Corporation vs. C Corporation: Taxation

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When considering whether to establish your Maryland business as an S corporation or C corporation, something you, your tax advisor and attorney should consider are the tax implications. Maryland corporate law does not make a distinction between S corps and C corps for purposes of corporate law, however the Federal tax distinction is significant. The […]

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