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Taylor Legal Blog

Do I Have a Valid and Binding Contract?

Posted by Katherine L. Taylor, Attorney | Apr 08, 2019 | 0 Comments

          Is the agreement I just entered into a legally binding contract? In general, a valid contract requires four elements: offer, acceptance, consideration, and performance. The process begins when one party offers the terms for the contract. Next, the other party can accept, reject, or requ...

The Importance of Property Succession

Posted by Katherine L. Taylor, Attorney | Feb 11, 2019 | 0 Comments

Whether you decide to sell, retire, or leave your business due to health reasons, it is important that you plan for the day you will no longer be able to run your company. Succession planning is a very important part of business planning and is something that you should address when you first go ...

What is a B Corporation?

Posted by Katherine L. Taylor, Attorney | Jan 07, 2019 | 0 Comments

Benefit Corporations (also known as B Corps) are corporations formed with the intent to create a beneficial public good. B Corps are held to a higher standard than traditional corporations in that they must create social, environmental and community benefits. The first official B Corp was created...

What, exactly, is an easement?

Posted by Katherine L. Taylor, Attorney | Aug 13, 2018 | 0 Comments

What is an Easement? An easement is the legal or equitable right of someone to use the land of another for a specific or special purpose, often to travel over the land in question to reach another area of land.  An easement is a legal right if it was created by a legal instrument, like a deed. A...

Franchise Law in Maryland

Posted by Katherine L. Taylor, Attorney | Jan 30, 2018 | 0 Comments

Franchise law is complicated. According to the Maryland Attorney General, Maryland is one of about 15 states that requires "registration" of franchise offerings.                 What is a franchise?  Maryland Annotated Business Regulation Code,  Section 14-201 defines it as follows:        ...

Do I Owe Self-Employment Tax?

Posted by Katherine L. Taylor, Attorney | Jan 16, 2018 | 0 Comments

If you are "self employed" you must pay "self employment taxes." According to the IRS, you are self employed if you are a sole proprietor, independent contractor, member of a partnership, or are otherwise in business for yourself, including part-time businesses.                  The term "self...

Do I Need a Lawyer for a Contract Review?

Posted by Katherine L. Taylor, Attorney | Jan 09, 2018 | 0 Comments

The contract might seem incredibly simple. You found a great form online, you've gone over the details several times and it looks like you might be able to come to a final agreement. Good intentions have been expressed on both sides. However, as the saying goes, “business is business.”You might b...


Posted by Katherine L. Taylor, Attorney | Dec 12, 2017 | 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...


Posted by Katherine L. Taylor, Attorney | Jul 11, 2017 | 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...

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