Articles of Incorporation create the legal entity for a corporation. The bylaws define the corporation’s purpose. Articles of Incorporation contain very general information, while bylaws have specific rules and regulations of the business. Bylaws explain the roles and responsibilities of the people who manage the corporation and set rules for the general operation of the company. A corporation’s bylaws also establish shareholder ownership rights. The corporate bylaws establish a structure for the company to ensure that all divisions of the company operate smoothly.

Before negotiating a Purchase and Sale Agreement, it is vital to understand the contents of the agreement. An experienced Maryland business transactions attorney can draft a Purchase and Sale Agreement that is tailored to the individual transaction.

A great employee benefits plan can help employers attract the best and most promising talent in 2020 and beyond. A valuable employee benefits package also keeps highly-qualified talent from leaving the company. However, many employers are unfamiliar with employee benefits. Talking with a business attorney or fractional general counsel can help guide you through the process. Meanwhile, check out this primer on employee benefits. It will help you understand some things to consider as you create an employee benefits package for your company.

A Limited Liability Company or LLC is a business entity organized under state law. The laws governing LLCs may vary slightly by state. The business is owned and managed by members who have limited personal liability as long as the members and the LLC maintain separation between business assets and personal assets. LLCs can have one member or multiple members. Many small business owners who do not want to remain sole proprietors or groups who do not wish to become partners choose an LLC as their business structure.