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Running a business is hard. From the start you need to have a carefully mapped out plan, and even once your business is running there are always issues relating to breach of contract, collection, taxation, trademarks, lease disputes, fraud, misrepresentation, or dissolution of a partnership or business matters. If you are starting a business or running one, you need a lawyer on your side who can help guide your business through the complex legal requirements that come along with running a business.
Before starting a small business, partnership, limited liability partnership, or even corporation, you must decide how your business will be structured. By having a clear structure from the inception of your business, you can potentially avoid costly litigation in the future. Ken Gauvey provides business counseling, strategic planning, and provides advice to corporations, partnerships, and other forms of business.
Business areas we handle:
- Business formation
- Business contracts
- Buying commercial property
- Business plan review
- Family business planning
- Business succession plans
- Buying a business
- Selling a business
- Commercial leasing
- Estate planning
- Expansion plans
- Partner disputes
- Registered agent services
- Strategy session
- Trademark registration
What Business Structure Should I Choose?
The first step to running a business in Baltimore or anywhere in Maryland is determining what is the best corporate form for you to use. This is not an easy task and requires that you carefully consider all of the benefits and detriments that come incident to each corporate form available to you in Maryland.
If you are interested in forming a business in Maryland you generally incorporate your business as one of the following corporate forms:
- Corporations – Corporations are probably the most widely known corporate form. While the corporate form offers many benefits including taxation and limited personal liability for shareholders, it is always not always advantageous to form a corporation depending on your intended business and business model.
- Partnerships – Partnerships differ from corporations in many ways. While a corporation is generally run by three or more directors, a partnership can consist of as few as two people who come together with the intent of being partners in a business venture. Also unlike a corporation a partnership is not taxed as a separate entity, rather each partner is taxed on their net income share. Additionally, partners will share in the profits, losses, and control. Each general partner is personally liable for all acts and obligations of the partnership, but if a foreign corporation is a partner, only its corporate assets would be at risk.
- Limited Liability Partnerships – Limited liability Partnerships are commonly referred to simply as LLP’s. They share many of the same characteristics as partnerships including how they are taxed. However, one of the biggest advantages to forming an LLP is that the limited partners have less liability than they would in a general partnership.
Choosing which corporate form to utilize for your business is not an easy decision. The most crucial and cost-effective action that you can take as a new business owner to ensure that your business operates as smooth as possible is to hire an experienced lawyer to address your legal matters. Ken Gauvey will work closely with you to address a full array of business and legal concerns that come with starting your own business.
How Can a Business Attorney Help?
Running a business inevitably means that you will be dealing with the law, and if you are concerned with legal protection for your business and your personal assets, then it is important to have an experienced lawyer behind your business. Running a business is not an easy endeavor, and there are many places where even large businesses can run into conflict, however, working closely with an attorney is one of the best ways to avoid many of the legal pitfalls that cause companies to close their doors. A business attorney can help in various stages of your business and in various disputes:
- Hiring and terminating employees
- Independent contractor agreements
- Reviewing harassment and discrimination claims
- Conducting internal investigations
- Policy manuals
- Employee compensation and benefits packages
- Employee training programs
- Non-Disclosure agreements
- Confidentiality agreements
- Non-Compete agreements
Not only can a business lawyer advise you on the complex business laws in Maryland, but a business lawyer can work with your company to ensure that you remain in compliance with them. Even if you are an established and growing business in Baltimore, there are many areas that a business attorney can help: Our business lawyers represent established businesses in the following ways:
- Minimizing litigation risks
- Advising companies on state and federal employment laws
- Drafting, reviewing and negotiating contracts for complex agreements
- Collecting unpaid bills and debts
- Establishing trademarks, trademark infringement, domain name, patent, copyright, and trade secret
- Representing in litigation, arbitration, mediation, and administrative hearings
- Addressing unfair business practices, trade secret violations, antitrust matters, and business torts
With all the complexities of running a business can you really afford not to have a business lawyer involved in the process? Ken Gauvey has helped many individuals and businesses in Baltimore and the Baltimore area realize their dreams of running a successful business by providing his experience and diligence as a business attorney.
Get Guidance from a Baltimore Business Attorney
At the Law Practice of Ken Gauvey, we help our clients with business formation, structure, and governance for every type of business, including corporations, limited liability companies, and partnerships. Ken Gauvey has successfully assisted clients with all business types and sizes from their inception, through mergers and acquisitions, and even termination. In addition to helping you form your company, Ken Gauvey has years of experience advising and assisting businesses with internal governance and operation questions, conflicts, and inquiries. For more information, or to schedule an appointment, contact us today at (410) 346-2377.