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Divorce Economics in the Time of COVID-19
“Nothing is more dangerous to [men or women] than a sudden change of fortune.” – Quintilian [i] Originally posted on 04/01/2020, content updated on 07/17/2023 Nostradamus could not have foreseen a darker economy and—we are told—the worst is yet to come. In the fist week of April 2020, an excess of 3.3 million people have…
Family Law Recap: Taking a Break from Your Divorce
Happy summer! Right now, millions of Americans are on vacation, packing for an upcoming trip, or just returning to work. If you’re not currently away yourself, you’ve no doubt encountered a couple (or a couple dozen) out-of-office autoresponder messages in the past few weeks. Clearly, it’s time to take a break. Wouldn’t it be great…
Upcoming Deadline for DC Employers: What to Know
In the District of Columbia, the Tipped Wage Workers Fairness Act (the “Act”) was passed in 2018. Like many DC laws, it applies to employers with only one employee and requires significant reporting to the DC government. I previously provided an overview of the Act. August 31, 2023, will mark another deadline for DC employers…
Why Are the Fees to Sell a Business So High? It’s a Matter of Expectations
“How much will it cost to sell my business?” It seems like a reasonable enough question—and a business owner is wise to plan ahead and think about the financial impact of merger, acquisition, or other business transactions early on. However, focusing on what you’ll pay to sell a business is a classic example of “missing…
Adult Guardianships – Protecting Your Loved One
When a family member loses the capacity to effectively manage his or her affairs, it may become necessary to ask the court to appoint a guardian to protect that person’s interests. In Maryland, there are two different types of adult guardianships: (a) guardianship of the person, and (b) guardianship of the property. In many instances,…
The Crucial Importance of Shareholder Agreements
When expanding your current FedEx business or embarking on a new business venture, individuals often join together to share resources instead of going at it alone. When forming a corporation that involves more than one shareholder or adding a shareholder to a single-shareholder entity, it is crucial to establish a shareholder agreement between all parties…
OK at Work: Maryland’s Enforceability of Non-Compete Agreements
On this week’s OK at Work, Sarah Sawyer and Russell Berger discuss how Maryland has modified the enforceability of non-compete agreements. Given the increase to minimum wage, Maryland has increased the base level of earnings an employee must receive before they can be subject to an otherwise valid and enforceable non-compete. Employers should be mindful…
What M&A Buyers Lose by Keeping Their Closing Checklists to Themselves
I recently represented a group of business owners in the sale of their company. As with any merger or acquisition, the transaction demanded tremendous patience, effort, and commitment from all people involved. For my clients, however, the deal was far more onerous than it needed to be — because the buyer’s attorney chose not to…
Who Will Pay for Private School After We are Divorced?
The answer is… it depends. Isn’t that a lawyer’s answer to everything? In an ideal world, the parties agree on where their child will go to school, and they have endless funds to cover the child’s educational expenses, so there is no need for lawyers and courts. If that is not the case, the next…
I did not want to get too much “in the weeds…”
I did not want to get too much “in the weeds…” As of July 1st, Maryland became the 21st state where recreational cannabis sales are legal. Anyone over 21 can purchase dried flower, pre-rolled joints, and vape cartridges containing THC and edibles. All it takes is a government-issued ID and a trip to a licensed…
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