What is an LLC?
LLC is short for Limited Liability Company. It is a stand-alone entity which is treated as separate from the person or people that own and operate it, thereby protecting them from personal liability.
But it is important understand the best available options when you start a business in Maryland. The first thing a prospective entrepreneur should consider will be the nature of the business entity he/she wants to establish.
This decision has implications on the future financial and tax liability of the business and the business owner. Then of course, there are other matters including setting up contracts, employment law and risk management.While most of the information required is available online, starting an LLP or an LLC in MD still requires you to wade through a mass of webpages to understand all the tax and legal requirements before you are able to register your organization. Not only can this be exhausting as you struggle to understand the meaning and implication of the various taxes, licenses etc.
It also takes away valuable time and energy from the more important task of running your business. Most importantly, it can lead to substantial rework or losses later in case you miss or misunderstand the implication of any point of significance.This is where an experienced legal firm can help. Rowena Nelson has helped hundreds of organizations and entrepreneurs set up their businesses in Maryland by providing sound legal advice and assistance in areas including:
Choosing a Business Structure
We help you identify the best possible structure for tax and liability purposes be it a partnership, LLC (Limited Liability Company) or corporation.
A number of official documents have to be mandatorily notarized by an attorney to establish its validity.
Contracts and Business Operations
We help you protect your interests by helping you include all relevant clauses in business contracts including non-compete and employment agreements.
Settling Disputes and litigation
In addition to providing counsel to avoid disputes, we also help mediate with vendors, suppliers, employees and customers for quick and speedy resolution.