News & Insights

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 >
Insights

New CCRC Legislation

By: Daniel S. Katz
May 7, 2013
Substantial statutory and regulatory requirements are already in place to regulate Continuing Care Retirement Communities (CCRCs).  Nevertheless, the Maryland legislature enacted legislation in the 2012 session that imposed additional requirements on CCRCs.  A major change was made in the ... Read more >
Insights

New Maryland Law Places Limits on Employers re: Jury Duty

By: Melissa Calhoon Jones
May 7, 2013
A new law takes effect October 1, 2012, prohibiting Maryland employers from requiring employees to report for certain evening and night shifts after serving on jury duty. The prohibitions apply to shifts starting at or after 5 p.m. on the day the employee appears for jury service, and shifts startin... Read more >
Insights

Recent Decisions Concerning Family Law

By: Ferrier R. Stillman
May 7, 2013
The Maryland General Assembly and Maryland Appellate Courts made several important decisions in recent months concerning family law. Here are the highlights of those decisions: Same Sex Divorce in Maryland is Legal Maryland's highest court has held that same sex couples who were married in ano... Read more >