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.

Yes, potentially the probate court will admit a copy of an executed will for use to probate an estate, but the associated problems with this outcome are many. According to Maryland Rule, Rule 6-153, the personal representative named in the will can petition the court for admission of a copy of a will.

When you prepare your will, it contains your desires for the disbursement of your estate after your death. You and your Maryland estate planning attorney spent countless hours developing an estate plan that met all your goals and wishes.

Most individuals need some level of long-term care as they age. The level of long-term care depends on a person’s health and mental condition. Some individuals may require extensive personal and medical care as they age, while other individuals may only require limited assistance with the activities of daily living (ADLs).

If your loved one has Alzheimer’s disease or another form of dementia, it is best to scout out long-term care centers before there is a crisis. During recent years, many facilities started offering memory care services. Because there are few regulations and little oversight of what constitutes an adequate facility, here are five things to look for in an Alzheimer’s care center.

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.

The Secure Act has over two dozen provisions that impact various retirement rules, including eligibility, distributions, and contributions. Below are five provisions that may greatly affect your estate plan and retirement plan.

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.

In the past, there were times I felt overwhelmed and depleted by the sheer number of decisions needing my attention each day. Then I made simple, focused changes in my approach to business and life. My focus and work productivity improved by 80%, and my worries lessened by nearly the same. Let me share with you what I learned.

A business succession plan is a document that guides you through the change in ownership of your company. Business succession plans that are well-crafted include several sections that cover many topics and information.

Your corporate policies and procedures govern numerous aspects of how your company operates and conducts business. The policies and procedures that your company develops protect your company, but they also protect the company’s employees, customers, and clients. Below are eight business matters that generally benefit from well-developed policies and procedures.

The Economic Injury Disaster Loan (EIDL) is a federal economic relief program for small businesses and nonprofit organizations if the current global pandemic of COVID-19 is causing them to lose revenue temporarily. Many companies and organizations are not allowed to do business as usual, if at all. This loan program provides funds that can cover rent, utilities, health care benefits, and fixed debt payments, as well as many other types of ordinary operating expenses.

Maryland is the sixth state to adopt a $15/hour State Minimum Wage for its workforce, behind California, Illinois, Massachusetts, New Jersey and New York. And while the increase will be phased into full effect gradually over the next 5-6 years, ensuring compliance requires an understanding of several factors:

Yes, it is wise to have a copyright policy for your website to protect the content you publish on your website. It is not mandatory to use a copyright policy for websites, but it can prevent people from stealing your work and using it for purposes that might be contradictory to your company’s vision and purpose.

The Internal Revenue Service (IRS) has extended Tax Day from April 15, 2020, to July 15, 2020. However, what does that mean for individuals and businesses? Our Maryland tax attorney answers common questions about the COVID-19 federal tax extensions in this blog.

Maryland’s new NCICA (Noncompete and Conflict of Interest Clause Act) limits an employer’s ability to use some employment clauses with certain employees.

I am pleased to announce that I am added elder law services to my practice. The addition of elder law services enhances and compliments the legal services I offer to my clients. Thienel Law provides experienced, trusted legal counsel to individuals, families, and businesses throughout Maryland. I focus my law practice on business, tax, and estate planning matters.

It’s important to understand that selling your business has significant tax implications. Knowing what you want from your business is critical in determining how you structure the sale and minimize exposure to heavy tax burdens.

Engaging in estate planning before remarrying can resolve many issues the couples might face. Through open and transparent discussions, each person can develop an estate plan that meets his or her goals and desires while considering the other person’s feelings and needs too.