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

sreichert@reichertlegal.com


Category Archives: LLC Attorney Maryland

Considerations When Naming Your Maryland Business

Selecting the right business name is an important step when starting a new business or expanding to a new state. In addition to picking the perfect name, you want to also make sure your LLC or corporation name complies with your state’s laws. This means that the name cannot conflict with a name already in […]

Read More

May I Use a Business Name if it Exists but was Dissolved or Forfeited in Maryland?

Post Image

Yes, in Maryland, you can use any name that is not active. However, if a name is inactive because it was not in good standing, then that name cannot be used. If you use a forfeited name or dissolved company name, your new company will be issued a new ID number so there is no […]

Read More

Maryland Small Business Owners Can Now File Tax Returns by June 17th

The Maryland Department of Assessments and Taxation (SDAT) recently announced that all domestic and foreign business entities Tax Returns are due no later than June 17th if the business requests a two-month extension period through the department’s Maryland Business Express site. Otherwise, if the business does not request an extension, all entities must file by […]

Read More

Can an LLC Member Not Have a Vote?

Post Image

It is possible to specify the rights of members in the LLC Operating Agreement. It is possible to use the Operating Agreement to create separate classes of members, each with different economic interests but not voting rights. However, you may not retain voting rights for some members of one class, and none for others. You […]

Read More

Problem Resolution Within an LLC

Post Image

Partners at the head of an LLC won’t always agree on the best way to run the business. The best solution for a situation where partners can’t come to a compromise is to have a well drafted LLC operating agreement in place from the start. Drafting an agreement with clauses that instruct the partners how […]

Read More

Removing an LLC Member

Post Image

The easiest way change the LLC structure is to have the leaving members consent to terminate their status as members, then amend or draft a new LLC Operating Agreement deleting their names. You should review the filings with the secretary of state to make sure none of the removed partners signed any. If they did, […]

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 Clauses to Include in an LLC Operating Agreement?

Post Image

There are several important clauses that an LLC Operating Agreement needs. If you are considering having an operating agreement created for your LLC, be sure to consider these clauses and discuss them with your attorney: Equity structure – how much each partner is putting into the new business, and what their economic and management interest […]

Read More

Why is Limited Liability Important?

Post Image

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 […]

Read More

SOCIAL LINK

Recent Posts

Maryland Attorney: Estate Planning & Administration, Probate, Property Deeds, Tax Appeals, Business, Trademarks & Copyrights - Call 410-299-4959 or sreichert@reichertlegal.com BlackBird Theme by InkThemes.com