Business Law

Business Startup

When you start a business, you face many questions and issues that may seem overwhelming.

One example is deciding on the appropriate type of business ownership. Are you going to be a sole proprietorship? A limited liability company? A corporation? If a corporation, will you be a Maryland Close Corporation, Professional Corporation, or General Corporation? If a limited liability company, will you be a member-managed LLC or manager-managed LLC?

The questions seem never to end.

The form of your business will determine your exposure to personal liability, how you manage your business, the taxes you pay, the cost of operating the company, and other factors. Once you decide on the form your business will take, it is difficult to change, so it is crucial to make the correct decision at the outset.

We advise clients in other areas, such as regulations that affect your business, financing and how to raise capital, and buy-sell agreements.

Our partners are instructors at the Small Business Development Center. We are active in local business organizations, including the St. Mary’s and Calvert County Chambers of Commerce. We work with and serve as a referral source for various lenders, financial planners, accountants, insurance brokers, business consultants, and other individuals who can assist you in starting your business.

Contact our office to consult with one of our attorneys and get the advice you need to get started on the right foot.