Maryland Business Attorney
Maryland business law is complex and requires compliance with a number of different rules, procedures, and deadlines, all of which differ depending on the type of organization in question. This can make the resolution of a business-related matter, whether it involves a breach of contract claim, the dissolution of a company, settling a dispute between partners, or another issue, much more difficult. To ensure that your own company is operating or being dissolved in compliance with state law, or for help with another legal issue facing your organization, please contact one of our experienced Maryland business attorneys today.
Establishing a Business
In Maryland, the process of establishing a company depends on the specific type of business entity involved, which in turn depends on the owner’s purpose in creating an organization, the degree of his or her involvement in the business, and whether there are any liability-related concerns. Sole proprietorships, for example, are perhaps the easiest type of organization to form, as they are only operated by one owner. However, sole proprietorships don’t involve a separate business entity, which means that all of an owner’s business assets and liabilities aren’t kept separate from personal assets. Partnerships, on the other hand, are the simplest business structure for two or more people to create and can allow the parties to protect themselves from liability to a certain degree, while corporations offer the strongest protections from personal liability, but also tend to be more expensive to form and require adherence to extensive record keeping and reporting requirements.
These are only a few of the different entities that a person can choose from when creating a business, each of which comes with its own advantages and disadvantages. At Simms Showers LLP, our legal team is well-versed in the different issues faced by business owners in Maryland and take great care to provide our clients with the information that will give them the best possible chance of success.
Breach of Contract Claims
Most business entities or organizations are required to contend with a breach of contract issue at some point during their operation. Allegations could include everything from one party failing to fulfill its legal obligations on time to accusations that someone provided a substandard performance. This type of breach can have serious consequences for a company and can even make it impossible for a business to continue operating. We recognize the enormous financial stress that this can place on Maryland businesses and so dedicate ourselves to helping our clients hold the at-fault parties accountable, whether the contract involves a partnership and shareholder agreement, an employment contract, or another type of legal agreement.
Like breach of contract claims, partnership disputes can sound the death knell for a business, whether the result of a personal conflict, fraudulent activity, misappropriation of business assets, or disagreement over the division of assets upon the winding up of the business. Fortunately, these types of legal issues can often be resolved through mediation and arbitration.
Maryland Business Attorney
An experienced Maryland business attorney can make all the difference in the outcome of a business dispute or transaction. Call Simms Showers LLP at 703-879-1364 to learn more about how we can help.