News & Insights

Insights

Auto Lenders Are Now Better Protected in Consumer Bankruptcies

By: Alan M. Grochal
May 8, 2013
With the Bankruptcy Abuse Prevention and Consumer Protection Act's (BAPCPA) sweeping revisions to the bankruptcy code came a new provision that had caused uncertainty for auto lenders nationwide.  This provision, which prohibits consumer debtors from breaking down claims for certain auto loans ... Read more >
Insights

Chances of IRS Audit are Higher for Sole Proprietors

By: A. Lee Lundy
May 8, 2013
Consider this: You have a hobby or skill that you have decided, because of retirement, job cutbacks, or other considerations, you want to pursue as a side or small business that will probably generate income. You have received good advice that you should consider forming a single member limited lia... Read more >
Insights

Maryland Job Creation and Recovery Tax Credit

By: A. Lee Lundy
May 8, 2013
In an effort to create new Maryland jobs for unemployed Maryland residents, Governor Martin O'Malley signed emergency legislation enacting the Job Creation and Recovery Tax Credit.  The Tax Credit makes available a $5,000 tax credit (that's $5,000 in real money - not just a tax deduction) for e... Read more >
Insights

Forfeited LLCs - Able to Be Sued But Not Able to Sue

By: A. Lee Lundy
May 8, 2013
Take a look on the Maryland State Department of Assessments and Taxation Website and you’ll notice there are a lot of limited liability companies whose right to do business and name have been forfeited for failing to file personal property tax returns.  It happens.  The returns are among... Read more >
Insights

NDAs and Sunsets

By: A. Lee Lundy
May 8, 2013
This is a time of joint ventures and partnerships.  With commercial financing still difficult to come by, business owners are entertaining loans and investments from private parties and joint ventures/partnerships with other businesses.  So, lots of Non-Disclosure Agreements ("NDAs") are b... Read more >
Insights

Immigration Audits - Time on Their Hands?

By: Melissa Calhoon Jones
May 8, 2013
Unlike previous years, employers hiring specialized foreign workers now have it easy in some ways.  For example, the number of petitions received by the U.S. Citizenship and Immigration Services for H-1B specialty occupation visas is well below the established cap for fiscal year 2011, allowing... Read more >
Insights

Small Business Jobs Act: Help for Maryland Businesses

By: A. Lee Lundy
May 8, 2013
On September 27, 2010, President Obama signed the Small Business Jobs Act (the Act) into law.  The Act will benefit small businesses in several ways, including extensions of Small Business Administration (SBA) lending programs and tax breaks. On October 5, 2010, the SBA approved small busine... Read more >