Category Archives: Small Business
Court Sides with DC Waterfront Developer in Dispute with Insurance Company
The waterfront area of Southwest DC is just one of the areas in the district that has recently transformed into a trendy, upscale place for DC residents and visitors to the area to socialize. The project to develop the waterfront required great investments of time and money, as commuters who witnessed the long-standing presence… Read More »
The Best Tax Credits Maryland Businesses Can Claim in 2020
One of your business goals in 2020 should be to claim the tax credits available to you. All of these tax credits have fairly detailed requirements you must meet before the IRS will grant them to you. For example, the tax credits are only available to businesses that file their tax returns electronically, unless… Read More »
Ecology Services v. Clym: Feud Between Radioactive Waste Cleanup Companies Is a Big Mess
The Washington, D.C. metropolitan area arguably has more secrets than anywhere else in the United States. If you ride the Metro to work, chances are that the person next to you has a security clearance that prevents them from going into much detail about their workday. The District of Columbia also has more lawyers… Read More »
Courts Can Pierce the Corporate Veil to Make LLC Members Pay, but Only in Extreme Cases
Most successful entrepreneurs have a series of failed business ventures in their past; trial and error are an essential part of the entrepreneurship process, and sometimes the process requires you to close an existing business entity and start over with a new one. If you are new to entrepreneurship, you might be surprised that… Read More »
Maryland Entrepreneur Sues Business Partner for $30 Million
When two friends go into business together, it can start out like a dream come true, but when business disputes arise between them, and can turn into a nightmare in which they both lose money and each other’s friendship. The last two decades have seen countless young entrepreneurs start Internet-based businesses, to the point… Read More »
Which Business Structure Offers You the Best Protection in a Dispute Among Business Partners?
The first step in starting a business is filing for an employer identification number (EIN) for your business; an EIN is like a social security number, except for businesses instead of people. One of the first questions on the EIN application form asks you to choose an entity type, also known as a business… Read More »
Changing Your Business Entity Type Requires the Professional Guidance of a Business Lawyer
Many businesses start out in the “see what happens” phase. You start marketing a product or providing a service and see if customers like it. When you go into a business project with a spirit of adventure, you are usually not thinking about details like taxes and legal liability. Consider the bright-eyed aspiring entrepreneurs… Read More »
What Factors Should You Consider When Choosing a Business Entity for Your DC Small Business?
Once you’ve decided to start a business, one of the most challenging next steps is to decide what type of business entity you should form. Most small business owners may consider immediately defaulting to a sole proprietorship since it’s the easiest type of business to form. However, don’t think that just because you are… Read More »
Should You Choose an LLC Business Structure?
When you go to a family reunion and tell your cousins that you plan to open a business in the next few months, they will usually ask you what kind of business, and they will expect an answer such as “a bakery,” “a dog grooming service,” or “a yoga studio.” If one of your… Read More »
Tips for Protecting Your Small Business from Being Sued in Washington DC
It’s understandable, as a small business owner, that you are very concerned about your assets and the possibility of being sued. Even a single lawsuit has the potential to cripple your business, which is why it’s imperative you take extra steps to help reduce the risk of being sued. One of the most important… Read More »
