If you have any questions, please contact our office at www.taylorlegal.com.  KATHERINE L. TAYLOR, ATTORNEY AND CPA 5850 Waterloo Rd Suite 140 Columbia, MD21045 443-420-4075 443-420-4075 (fax)

Many business owners, just like most people, don't really like to think of what would happen if they were to pass away unexpectedly or become incapacitated. What would happen to their business? 

If you are registering an LLC or a corporation with your state corporation department, are you confused about the role of the “Organizer” and who that should be? I'm going to explain why you shouldn't have angst about that question.  Almost every state (Maryland included) requires articles of ...

Has your lawyer or accountant asked you what the amount of your capital contribution is? Do you know how to respond? A capital contribution is the amount of cash or other assets that an owner contributes to the company at the company's inception or throughout the life of the company.  In th...

Are you a business owner who has recently received a notice from the state stating that the charter for your LLC or Corporation has been forfeited? Well, I'm going to explain what to do if you're in this situation. First: don't panic. The charter for your LLC or Corporation is approved by t...

Are you a business owner thinking about bringing on an independent contractor to perform duties for your business? Wondering whether you need a written agreement?  Previously, I explained that you don't really need a written employment contract for an employee. An independent contractor, howev...

If you are a business owner who formed an entity, such as an LLC or corporation, to achieve the limited liability that entities are known for, is there truly complete limited liability for the owners of the business? My answer to you is that, unfortunately, there isn't. While limited liability...

Are you a business owner with one or more partners, and have you ever been in a dispute with them? (By business partner, I mean LLC members or other shareholders of the business and in which you own your interest.) If you have, you know how emotionally exhausting and expensive it can be. If you...

You may have heard that you should do business succession planning, but what does that mean?  In a nutshell, business succession planning is basically setting up plans to make sure that your business can continue if something should happen to you or another one of the owners. For instance, if yo...