When your company ventures into the online world of the metaverse, you will want to plan the expansion of your business carefully so the potential financial rewards do not get offset by some of the various problems inherent in this arena. The first step of your metaverse planning should be to educate yourself on the risks. The second step is to develop a strategy to protect your assets and minimize liability exposure.

Parting ways with an employee who has been with your company for several years or longer can be unpleasant and uncomfortable. A well-thought-out severance package can soften the blow for the employee and help your business avoid legal claims and a damaged reputation. With the difficulty many industries are experiencing in recruiting, hiring, and keeping top-quality personnel, a fair severance package is necessary to stay competitive.

The economy is recovering from the hits it took during the last couple of years when the pandemic turned lives upside down. Despite the uncertainty caused by global events, many entrepreneurs are finding this is a good time to launch or grow their businesses.

Business owners need to consider liability protection as a priority when creating a business entity. Creating a separate entity for the business can protect the business owner from personal liability. Our Maryland business attorney discusses the concept of the corporate veil, how to create it, and what happens when a company’s owners fail to maintain the corporate veil. Keep reading to learn more about why you may need to seek legal advice now instead of when your company is sued by a creditor, employee, or another party.

The metaverse encompasses technologies that once were only possible in science fiction movies. The past two decades have seen an unprecedented increase in e-commerce. The virtual marketplace continues to expand and grow beyond what we thought was imaginable. How we interact with cyberspace has also changed, causing a change in how we protect intellectual property and digital assets.

This collection of Frequently Asked Questions (FAQs) can be a valuable resource if you need a quick answer to a question about starting or operating a business in Maryland. From general business issues to business taxes, employer withholding, business licenses, required reporting, alcohol, and EFTs, here are the top 25 FAQs about doing business in Maryland:

Before requiring employees to get vaccinated, learn about the implications. There are several legal issues to consider when making this decision, such as government mandates and individual rights.

Are you a Maryland entrepreneur looking to start or grow your business? If so, it's important to understand the basics of business terminology. In this blog post, we'll define 15 basic terms every Maryland entrepreneur should know. By understanding these terms, you'll be able to communicate more effectively with your accountant, Maryland business lawyer, and other professionals who can help you grow your business.

The Maryland Business Express is a valuable free resource that our state provides to help entrepreneurs plan, start, and manage their businesses. You can find useful information whether you want to start or grow a home-based business, buy an existing business or franchise, or open a branch office in Maryland for your out-of-state business.

Members of a limited liability company in Maryland enjoy certain financial protections, the most important of which is that people cannot sue them and take their personal assets, such as their home or bank accounts, to satisfy judgments against the limited liability corporation. As with many legal concepts, however, there are exceptions to this general rule.

Learn how to keep track of your business income and expenses, evidence for tax returns, where you should store records, the best ways to organize receipts so they are easy to find later.

Just as the September 11 attacks forever changed air travel, most people anticipate the pandemic will force us to adapt to a different way of doing business. Business is changing, and there will likely be a “new normal” after COVID-19.

Things that entrepreneurs do today can determine whether they will still be open in 2021 and whether they will enjoy success when the economy improves. Here are 5 traits or strategies that will determine success in 2021.

Businesses that have not yet accepted that the old ways will not return need to take immediate steps to contend with the new normal. If they are not willing to adapt, they may not survive.

Some financial analysts have predicted that the U.S. economy may be headed toward a recession. The financial hardship caused by the COVID-19 outbreak has been difficult for many companies. With a potential recession on the horizon, it is time to take steps to recession-proof your company.

Many founders assign equal equity splits before any measurable investment of time, energy, or money into the start-up. Often, early and equal equity splits presume to avoid later tensions and future disagreements among founders while creating a clear path for moving onto other operational decisions. While there are various ways to calculate the co-founder equity split, the only wrong answer is a hasty 50/50 split.

The first step in winding down your business is deciding it is time to close. For some business owners, deciding to close can be the hardest step in the process of exiting a business. Each business is unique. Once you decide to wind down your business, consulting with a Maryland business attorney can help ensure you take all necessary legal steps to close your business.

Our Maryland business attorney can help identify resources and explain various programs aimed at helping struggling businesses recover after COVID-19 or another crisis.

Moving forward with advice from a seasoned Columbia, Maryland business attorney is a smart approach to building your business. Together with good counsel, you will be able to frame your start-up and avoid these common legal problems.

This guide to a partnership break up provides information and suggestions for how to break up with your partner professionally, and without destroying the business you have worked hard to build.