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Taylor Legal Blog

What is a “Close” Corporation?

Posted by Katherine L. Taylor, Attorney | Jan 22, 2021 | 0 Comments

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning their business; the shareholders have elected to have no board of directors. In a regular c...

What If I Never Issued Stock for my Company? [VIDEO]

Posted by Katherine L. Taylor, Attorney | Nov 18, 2020 | 0 Comments

Let's say you're a business owner who started a corporation 10 years ago, along with another owner, and you're getting ready to sell. Fortunately, you’ve found a buyer, and you realize that you never issued stock. Is that a fatal flaw? Probably not, but it's going to take some work for you to be able to actually sell that stock to another party. I can help you do that.

Why Running a Race is Like Running a Business: Have a Plan

Posted by Katherine L. Taylor, Attorney | Sep 10, 2020 | 0 Comments

I was in a hurry today because I didn't allow enough time between preparing for my race in October and getting this post ready. But in that process, I realized that I was making progress to achieving my goals, even if it didn't seem like it at the time. I have a plan to run a half-marathon in October, and that plan requires running a certain number of times a week. I had to do it today...

Do I Need a Lawyer to Form an LLC?

Posted by Katherine L. Taylor, Attorney | Aug 20, 2020 | 0 Comments

This is the first in a series of "Do I Need a Lawyer?" posts. Many of the calls I get from people are just asking the question "do I really need to hire you?” and frankly, the answer is often no. Today, I'm going to explain to you when you may or may not need a lawyer if you're forming an LL...

Haunted Houses

Posted by Katherine L. Taylor, Attorney | Oct 28, 2019 | 0 Comments

Happy Halloween, Howard County!I just finished carving my pumpkin, and, in the spirit of the season, I thought I would share with you a little legal horror story, which I first heard in law school.The case in question is Stambovsky v. Ackley, 169 A.D.2d 254 (NY App. Div. 1991). The facts of the c...


Posted by Katherine L. Taylor, Attorney | Sep 02, 2019 | 0 Comments

             Exactly what is an S corporation and what types of businesses may be interested in being an S Corp?  First, it is very important to understand that an S Corp is a FEDERAL TAX STATUS of a corporation and not a type of entity. What does this mean? This means that when you form a corpor...

Is Running a Home-Based Business For Me?

Posted by Katherine L. Taylor, Attorney | Aug 12, 2019 | 0 Comments

                Running any type of business is challenging, but running a home-based business has its own set of challenges. If you are considering running a home based business you should thoroughly weigh the pros and cons for your type of business and your personal needs. You need a fit for bo...

Historic Preservation Easements

Posted by Katherine L. Taylor, Attorney | Aug 05, 2019 | 0 Comments

A historic preservation easement is a type of conservation easement designed to protect a significant historic, archaeological, or cultural resource. An easement is an agreement between a property owner and another party which limits certain rights of the owner. Preservation easements entered int...

Why Every Designer Needs a Lawyer

Posted by Katherine L. Taylor, Attorney | Jul 29, 2019 | 0 Comments

If you're a designer, you've undoubtedly pushed out many of your personal creative projects online. In all likelihood, you've spent a lot of your time and hard work to create designs that affect others in a profound manner. All you ask for is recognition and credit for your creative expression — ...

Can Someone Claim My Land By Adverse Possession?

Posted by Katherine L. Taylor, Attorney | Jul 22, 2019 | 4 Comments

                                               ADVERSE POSSESSION             Adverse possession seems to be a particularly unusual legal right. In simple terms, it provides that a person who does not have legal title to a property can obtain it under specified circumstances. The legal require...

Why Your Start Up Business Needs A Lawyer

Posted by Katherine L. Taylor, Attorney | May 20, 2019 | 0 Comments

If you are starting a new company in Maryland, particularly a small business, you may wonder, "why do I need a lawyer?"  With the abundance of information readily available on the Internet, couldn't you save money on lawyer fees by not retaining a business lawyer from the outset and just hope leg...

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