The Law Offices of Oren D. Saltzman, LLC

Experienced Representation & Estate Planning

Saltzman Law

FAQs

  • How do you appeal Commercial Real Estate Taxes?

    If you think the assessment on your commercial property is incorrect, you can appeal to the Supervisor of Assessments, then to the Property Tax Assessment Appeals Board (PTAAB). A decision by the PTAAB can be appealed to Maryland Tax Court, and finally to the Circuit Court. You will need to provide evidence of what you…

  • How do you create a trust in Maryland?

    There are several types of trusts you can create in Maryland, including inter vivos trusts such as revocable and irrevocable trusts, each of which can have specific goals like special needs for disabled beneficiaries, generation skipping trusts, marital trusts, or qualified terminable interest property trust (QTIP trusts). Trusts in Maryland are governed by the Maryland…

  • What are your obligations as a business in Maryland to protect your clients’ information?

    There are numerous Federal and State laws and regulations that obligate you to take certain steps to protect your clients’ information. Federal statutes to consider include the Family Educational Rights and Privacy Act (FERPA), Health Insurance Portability and Accountability Act (HIPAA), the CAN-SPAM Act, and many more. The Maryland General Assembly recently passed the (Maryland…

  • How do I buy a business in Maryland?

    Purchases can range from the purchase of the assets of a business to the purchase of stock or membership interests. If you have identified a business you would like to purchase, make sure to conduct your due diligence and obtain a fair valuation of the business. If you will need financing, it is a good…

  • How do I prepare a shareholder or buy/sell agreement in Maryland?

    A shareholder agreement should detail the rights of the shareholders of a corporation, including the value and structure of votes, the processes for sales, appointments, and other decisions, as well as any other provision you think will be necessary for your business. Maryland largely allows companies to make their own rules, although there are some…

  • How do I sell my business in Maryland?

    If you are looking to sell your business, you will need a Purchase Agreement that outlines the terms of your sale. Depending on the type of entity you are selling, you may want to sell the assets of the company, the stock of the company or the membership interests of the company. If you are…

  • How do I form a limited liability entity for a business in Maryland?

    When you start your own business you want to protect your personal assets from creditors of the business. One of the first steps in forming your own business is to create a limited liability entity in order to limit your personal liability. In deciding what type of company or corporation is best for your business…

  • The Future of Non-Competition Clauses in Maryland

    Non-competition clauses in employment agreements are generally enforceable in Maryland. However, a recent rise in workers’ rights and anti-monopolist sentiments might find Maryland following California’s lead in significantly limiting the power of these clauses. Ultimately, non-compete clauses are designed to protect a company’s trade secrets, client relationships, and competitive advantage. However, by limiting a professionals’…

  • Bankruptcy Can Change Your Ownership Interest in Real Property

    In Maryland, the declaration of bankruptcy can have the unintended effect of converting ownership interests of real property held as joint tenants to interests held as tenants in common. This can cause a serious impact to your rights as a property owner and can make it increasingly difficult to protect the interests of both you…

  • Maryland’s New Proposed Data Privacy Bill

    Maryland may soon have a new online data privacy law that will change the obligations for many businesses providing services in the State. For the past several years, Maryland legislators have attempted to enact a data privacy law akin to laws in fourteen other states. This year, a compromise bill might find its way to…