Taylor Legal Blog

What is a close corporation in Maryland?

Posted by Abigail Allen, Ace AttorneyDec 07, 20250 Comments

Corporations can range in size from large, multi-national businesses to small, sole shareholder businesses. In Maryland, a small corporation can elect to become a “close corporation” in order to simplify management of the business. Normally, a corporation is owned by its shareholders (sometimes a...

Starting an LLC with Someone in Another State? What Business Owners Need to Know. [VIDEO]

Posted by Katherine L. Taylor, Attorney and CPA, Chief Problem SolverMay 08, 20250 Comments

{3 minutes to read}  I recently met with two people who wanted to start a consulting business together, but they lived in different states. One question I answered among many was — in which state should they form an LLC? The first answer that I gave them was: You know what? It doesn't matter. Why...

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