Category Archives: Small Business
The No Surprises Act, Two Years On
It is rare to hear good news these days about the physical or financial health of the American public, or especially about the cost of healthcare, but a recent report by the Urban Institute offers an optimistic view of the No Surprises Act, which was signed into law in 2021 and went into effect… Read More »
How Is Your Restaurant Coping With Initiative 82?
Initiative 82, which will phase out the tipped minimum wage in Washington, D.C.by raising it gradually over the next several years, aims to help restaurant servers and other employees who derive a significant portion of their income from customer tips. The Washington, D.C. area is one of the most expensive places to live in… Read More »
Subchapter V Can Help Small Businesses Restructure Their Debt
In personal finance, “debt” and “bankruptcy” are dirty words. People often try to avoid filing for personal bankruptcy unless they have no other choice. In business, however, debt is just a normal part of life. Personal financial goals are usually about saving for the future so that there is something left for your descendants… Read More »
Why Should You Start A New Business? Let’s Count The Reasons!
Daydreaming about entrepreneurship is one thing, but following the steps to establish a business is another. Operating your own business means working around the clock without any certainty of getting paid. When you are determined to bring your entrepreneurship dream to fruition, however, it is completely worth all the hard work. Your family and… Read More »
Starting A Business In Maryland In 2023
You have always been the entrepreneurial type, but perhaps 2023 is the year when you have made a New Year’s resolution to establish your own business. A month has gone by, and the only progress you have made so far is enthusing to your friends at every opportunity about your great idea and how… Read More »
Choosing A Business Entity Type Is An Act Of Estate Planning
Estate planning lawyers always say that estate planning is about planning for life, not just planning for death. If you love your line of work so much that you never want to retire, then spending your days playing golf or walking on the beach probably does not sound appealing enough to motivate you to… Read More »
Non-Compete Clauses Are Overrated, Especially For Small Businesses
When you operate a small business, you have so many responsibilities that require your undivided attention that airtight employment contracts are not a priority. You would like to offer your employees a written contract, because doing so gives you an advantage over competing businesses with which those same employees might apply for jobs. When… Read More »
Complying With Maryland’s Pay Transparency Laws
It is in the best interest of employees for employers to be transparent about how much they pay employees in a certain role. Most companies fall far short of the ideal of paying the same salary to all employees who perform the same duties, and there are often justifiable reasons for this, but employers… Read More »
Disputes Between Businesses And Landlords Linger After The Pandemic
A new strain of COVID, even more contagious than the previous ones, may be making its way to the DC area, but people are going to approach things differently. No one seems especially interested in holing up at home and doom scrolling for an entire winter or partying just to be defiant. This time,… Read More »
What Is The Penalty For Lying To Customers And Business Associates?
There is truth, there are lies, and then there is the special mix of reckless optimism and implausible tales that makes business school happy hour fun. It would be an exaggeration to say that every lie you tell in the context of your job can get you fired or sued. For example, if a… Read More »
