Why is Limited Liability Important?

John and his wife, Mary, own a flower delivery business. They’re equal partners, sharing decision making and other responsibilities 50/50. They own a small building downtown for their shop, near the two-story townhouse they bought together, and in addition to the family sedan also own a delivery van with “John and Mary’s Flowers” written in […]

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Posted in Business Formation Attorney Baltimore Maryland, Business Formation Attorney Bethesda Maryland, Business Formation Attorney Columbia Maryland, Business Formation Attorney Dundalk Maryland, Business Formation Attorney Ellicott City, Business Formation Attorney Frederick Maryland, Business Formation Attorney Germantown Maryland, Business Formation Attorney Glen Burnie Maryland, Business Formation Attorney Howard County Maryland, Business Formation Attorney Maryland, Business Formation Attorney Rockville Maryland, Business Formation Attorney Silver Spring Maryland, Business Formation Attorney Towson Maryland, Business Formation Attorney Waldorf Maryland, Business Formation Attorney Wheaton Maryland, Business Law Baltimore, Business Law Maryland, Business Law Maryland C Corp, Business Law Maryland S Corp, LLC Attorney Maryland
Oct, 01, 2017
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What is an S-Corporation?

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. […]

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 […]