Business Formation & Planning Archives

Will mandatory sick leave become a reality in 2017?

With the dawning of a new year, Maryland businesses face the prospect of a “common sense” measure that could become law. In December, Governor Larry Hogan announced a proposal to require paid sick leave, a bill that failed to pass the legislature in the past.

Entity formation requires careful consideration

Starting a business requires a plethora of decisions to be made. Many Maryland business owners would say that entity formation is one of the most crucial aspects of the process. The type of entity under which the company is formed could have a significant impact on its future.

Dealing with the issues that come with starting a new business

Maryland entrepreneurs are often so excited about the future that they might underestimate the number of potential obstacles that can arise. Starting a new business requires a multitude of financial choices that can affect the course of the business. Many of those choices might not be in the hands of the entrepreneur, so there needs to be some consideration of how to deal with unforeseen issues.

Don't underestimate what it takes to start a new business

Many Maryland entrepreneurs are lucky enough to embark on the adventure of starting a small business. However, it can be easy to underestimate the commitment that it takes from the owner and family members while the new business gets off the ground. Without proper planning, an entrepreneur could end up inadvertently sabotaging the company's chances at success.

Creating an online presence should be part of any business plan

With the technological advances of the past couple of decades, people spend more time shopping for goods and services online then at any other time in history. Thus, in order for a new -- or existing -- Maryland business to thrive, it would most likely need to take advantage of being online. This is why creating an online presence should be part of any business plan.

Structuring a new business with equity investors

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.

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Daniel S. Willard, P.C.
9401 Rockville Pike
Bethesda, MD 20814

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