Selling a business is often the culmination of years of hard work, but the excitement of receiving a high-stakes Letter of Intent (LOI) can often cloud judgment. Many entrepreneurs delay engaging legal counsel or seek a professional business valuation to …
Entrepreneurs tend to be very optimistic people as they see opportunities where others do not, especially when buying a business. This exuberance can lead some to avoid discussing the inherent risks in a prospective …
Protorae Law member Alan Chvotkin was quoted in Law 360’s September 15, 2025, article by senior reporter Madeline Lyskawa covering the General Services Administration’s (GSA) recently published Fall 2025 semiannual regulatory agenda. Commenting on the changes since GSA last published …
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 …
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 …
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 …
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 …