Some Maryland entrepreneurs might want to avoid taking out a loan in order to get their businesses off the ground. Therefore, they seek out and partner with equity investors. Choosing how to structure a new business involving equity investors requires careful consideration.
When a Maryland company enters into a contract to provide goods or services to another business, it expects to be paid for its efforts in accordance with the contract. Things do not always go as planned, however, and it might become necessary to actively pursue payment from the other party. When business debt collection does not occur after reasonable efforts are made to resolve the matter amicably, it might be necessary to file litigation.