Medicare is a federal health care plan for seniors. Individuals become eligible to enroll in Medicare when they reach 65 years of age. Medicare is also available for individuals who can no longer work because of a disability. Unlike Medicaid, Medicare is not a needs-based health care plan. However, that does not mean you should not include Medicare planning when discussing your estate planning goals with our Maryland estate planning attorney.

Protecting assets from creditors is a priority during your life and after your death. Using trusts is one of the most common ways to accomplish both of these goals. A Standalone Retirement Trust might be a good option for your estate planning needs. Our Maryland estate planning attorney can help you choose the trust that offers the highest level of asset protection.

A Limited Liability Company (LLC) is a popular business structure for many small businesses throughout Maryland. LLCs offer many of the benefits of a sole proprietorship or partnership with the liability protection of a corporation.

Most spouses leave everything to their surviving spouse in their Will. Therefore, when spouses die simultaneously and there is no surviving spouse, there becomes an issue of who inherits the combined estates.

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.

When you form a partnership, limited liability company (LLC), or any other business arrangement, your contract will have several key statements that directly outline the responsibilities and limitations of every member in the group.

In a way, your partnership contract will be the constitution for your company. It’s imperative that your contract includes five important clauses to protect yourself and ensure your future entity runs smoothly as you hire a Maryland contracts attorney and draw up the documents for your partnership.

Frequently asked questions about business taxes in Maryland could easily fill many pages, but we will try to cover some of the most common topics here. Business owners often ask about shipping and handling charges, tax exemptions, and resale certificates, by way of example.

A Maryland business tax attorney can answer your specific questions and help you stay in compliance with our state and federal tax regulations. Here are a few Maryland business tax FAQs.

You can use life insurance to fund your estate planning goals for your family, your business, and your charitable giving. Different kinds of life insurance coverage can provide options that can protect what is important to you.

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.

Small businesses need to invest time in developing contracts they use for their business. Contracts protect the business in case of disputes and lawsuits. A Maryland contracts attorney assists small business owners in negotiating contracts, drafting terms and conditions, and representing the company when there is a dispute or breach of contract.

We have all heard that it is important to have a will or trust, but many people do not clearly understand the differences between the two documents. In this article, a Maryland trust attorney discusses the differences between a living trust and a will.

The purpose of the Employee Retention Credit of the CARES Act is to give employers financial incentives to keep their workers on the payroll during the COVID-19 pandemic. To help you understand Employee Retention Credits under the CARES Act, we will first discuss the CARES Act's initial legislation and then explain how later legislation modified and extended employee retention credits.

If you’re delinquent on your taxes, there is little you can do to escape paying what you owe. While it might be tempting to run from your tax problems, the IRS will eventually find you.

Fortunately, the IRS has created a Fresh Start Initiative offering relief to individual taxpayers and small businesses. However, as with most government programs, the rules about how to qualify for tax relief can be confusing.

Your business can't grow and succeed without properly understanding the legal risks it faces. The following are some of the big mistakes made by startup businesses, straight from an experienced Maryland business attorney.

Secure your future with confidence: Learn how to obtain a Power of Attorney in Maryland, with support from a Maryland estate planning attorney.

This article suggests a new approach to contracts that better serves the parties’ respective interests by memorializing a commitment to long-term goals and establishing governance protocols.

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.

Tax evasion is the intentional failure to pay federal taxes owed to the government. Tax avoidance is taking lawful actions to lessen tax liability to maximize after-tax income. Learn more here.

On March 17, 2021, the Treasury Department and IRS announced they would again provide special tax filing and payment relief to individuals and businesses in response to the ongoing COVID-19 pandemic. Read on to learn more.

As you piece together your business framework, one of the first decisions you will make is your business structure. In Maryland, as in most states, the most popular business structures small business owners choose between are sole proprietorships vs. single-member LLCs.