Posts in: Corporate & Business Entities
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Maryland Clarifies Fiduciary Duties of Directors in its General Corporation Law
On October 1, 2016, an amendment to Maryland’s General Corporation Law (MGCL) went into effect that resolves what in recent years has become an open question in Maryland law: what are the duties of corporate directors?
The scope of the …
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Tips for Preparing Your Small Business for Sale
If you are planning to sell your small business in the near future, there are a few basic steps you can take to prepare your company for the sale process and which will help save time and headaches down the …
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Real World Business Contracts – Key “Do’s & Don’ts”
An exciting moment for any entrepreneur is reaching an agreement with regard to providing deliverables or services to a customer or receiving same from a vendor. You have had discussions with your counterpart and exchanged a few emails to reach …
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Business Breakups
The Russian author Leo Tolstoy famously said in his novel Anna Karenina that “Happy families are all alike; every unhappy family is unhappy in its own way.” While Tolstoy was writing about 19th century Russia, this quote is equally prescient… -
A Law Firm’s Role in the New Economic Reality
The new economic reality that is struggling to emerge from the recent “Great Recession” is forcing industries across the United States to rethink their business models. This process includes taking a hard look at how they are using outside counsel …