News & Insights

Insights

Want to See Your Employee's Facebook Page?

By: Melissa Calhoon Jones
May 8, 2013
If Governor Martin O’Malley signs it, a bill passed by the Maryland Legislature will make Maryland the first state to prohibit employers from asking or requiring their prospective or current employees to give access to their personal online accounts. The bill would also prohibit Maryland employers... Read more >
Insights

Court Renders Confessed Judgements More Difficult To Attack

By: Alan M. Grochal
May 7, 2013
The Maryland Court of Special Appeals issued a ruling in December 2006 that strengthened the ability of creditors to collect debts by confessed judgment.  It also clarified the preliminary burden a debtor must meet if he or she attempts to open, vacate, or modify the judgment once it has been e... Read more >
Insights

Limited Liability Company Update: Delaware Series LLCs

By: Barry Weiskopf
May 7, 2013
Since limited liability company (LLC) statutes were enacted in all fifty states and the District of Columbia, the LLC has become the business entity of choice. Generally, LLCs provide business owners with limited liability for the debts and obligations of the business while being taxed on a pass-thr... Read more >
Insights

What's In A Name?

By: Stephen M. Goldberg
May 7, 2013
A landmark decision was recently issued by a federal appeals court that may change the way secured parties conduct their due diligence for secured transactions.  In United States v. Crestmark Bank, 412 F.3d 653 (6th Cir. 2005), the Court found that IRS tax liens filed under a variation of the d... Read more >
Insights

Is Your Corporate Charter in Good Standing?

By: Mark D. Dopkin and Daniel S. Katz
May 7, 2013
A Maryland corporation is required to file its Personal Property Return (Form 1) and pay a $300 fee by April 15 of each year in order to maintain its charter in good standing. If the return is not filed and the fee is not paid, then the corporation is not in good standing and, with the passage of ti... Read more >
Insights

Fringe Benefits for Partners and Owners of LLCs and S Corporations

By: A. Lee Lundy
May 7, 2013
Partnerships, limited liability companies ("LLCs") taxed as partnerships and S corporations have various tax advantages and are often chosen by owners of businesses as favored business structures. There are, however, some disadvantages to such structures; the owners can take advantage of fewer tax-f... Read more >
Insights

Asset and Stock Acquisitions for Cash: Structural and Tax Differences

By: A. Lee Lundy
May 7, 2013
When buying or selling a corporate business, a business manager has a choice: is the transaction to be a purchase and sale of assets or a purchase and sale of corporate stock? The buyer of the assets or stock ("Buyer") and the seller of the business ("Seller") will be motivated to different answers ... Read more >
Insights

Beware of Seals

By: William C. Sammons
May 7, 2013
Real estate developers, builders, and contractors regularly enter into agreements that contain the words, often in the "testimonium" clause just before the signature lines, "witness my hand and seal" or "signed and sealed," and probably think little of it. And those who operate under a corporate str... Read more >
Insights

Drafting and Litigating Use Exclusives

By: William C. Sammons
May 7, 2013
Commercial leases, particularly leases in retail shopping centers, often contain provisions (known as "use exclusives") that prevent the landlord from leasing space in the same mall, center, or area to a business that sells products or services similar to those sold by an existing tenant.  Coun... Read more >
Insights

Maryland Law Shortens Separation Period For Divorce

By: Ferrier R. Stillman
May 7, 2013
For situations in which a couple separates, but one spouse does not want to end the marriage, a new law in Maryland shortens the separation period to file for a no fault divorce from two years to one year. Prior to the enactment of this law, if husband and wife "mutually and voluntarily" agreed t... Read more >