Maryland Business Litigation Lawyer BlogForty years ago, the Supreme Court decided Chevron v. Natural Resources Defense, which gave deference to federal agencies to implement their charging statutes. In its latest term, the Court’s 6-3 decision in Loper Bright Enters. v. Raimondo overturned Chevron and dramatically altered the balance of power between federal agencies and the federal judiciary.
Articles Posted in Business Law
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Interesting Tax Option for Maryland Entities
After the enactment of the Tax Cuts and Jobs Act in 2017, the limitation on an individual’s ability to itemize tax deductions resulted in higher income tax for many Maryland business owners. On May 8, 2020, Maryland enacted legislation allowing pass through entities (primarily LLCs, partnerships and S corporations) to elect to pay tax on a member’s distributive share at the entity level. As a result, the taxable gross income of individuals receiving distributive shares of the entities net income is less. In addition, the election creates a federal income tax deduction for the business that is not subject to the $10,000 itemized deduction limit established by the Tax Cuts and Jobs Act.
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WeWork. WeLitigate.
WeWork. WeLitigate.
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The Statutory Right to Purchase Shareholder Stock in the Dissolution of a Close Corporation
The Statutory Right to Purchase Shareholder Stock in the Dissolution of a Close Corporation
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Five Most Common Legal Pitfalls for Marketing Entrepreneurs
Marketing entrepreneurs’ greatest strengths are their creativity and vision. It is this vision that drives many to take the leap to start their own agency/consultancy or join a start-up venture to market an exciting new product. Unfortunately, most marketers are not well-versed in the intricate legal issues involved with starting a business. This can lead to a variety of problems, especially as the venture begins to become successful. A common misconception is that good legal advice is often too expensive for the early stages of a business venture. This is not the case – provided the right counsel is selected. To ensure the success of any new venture, marketers should take steps to avoid the following common pitfalls: