Blog
Registering a Trade Name in Maryland
Depending upon your business and your company’s marketing strategies, you may at some time consider operating under a new or second name. In such cases, you should consider using a registered trade name for your business. Since businesses...
Probate in Maryland – Small Estates Versus Regular Estates
Probate is the process by which a deceased person’s financial affairs are concluded, their debts are paid and then their assets are transferred to their heirs. Because many pass away with minimal assets needing to go through the probate process,...
How Long Should You Keep Tax Records?
A common question for Maryland tax attorneys is, “How long should I keep my tax returns?” Some do not expect or what to hear my answer. While many tax professionals, even the IRS, suggest it's safe to discard tax documents 3 to 6 years after...
Income and Salary to an S-Corp Owner
Owners of s-corporations are quickly introduced to complex tax issues. An s-corporation has "flow-through taxation". This means the s-corporation itself usually pays no income taxes for its income, but its stockholders do. The s-corporation...
Forming An Irrevocable Life Insurance Trust (ILIT)
If your family will likely incur estate taxes upon your death or want to protect your family after you’re gone, would will want to consider setting up an irrevocable life insurance trust (ILIT). An ILIT provides a way to pass on wealth without...
Commercial Leases – Drafting and Review
Locating a property or a tenant for leasing can be a very time-consuming process, so it’s understandable that parties often rush to get the lease signed; however, having a good lease agreement that's been drafted and reviewed by an attorney can be...
