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Operating Your Small Business

Are my current business practices and structure placing my company at risk?

A: Small businesses make legal mistakes all the time - some of which can be disastrous. Knowing what pitfalls to avoid can reduce or eliminate risk and protect assets. Following are nine of the most common and preventable practices which cost business owners time and resources:

1. Selecting or operating with the wrong form of business entity;
2. Failure to follow business formality and co-mingling of personal and business assets;
3. Failure to clearly delineate business owner rights and responsibilities;
4. Not having sufficiently comprehensive operating agreements with buy-sell provisions;
5. Ignorance of the law;
6. Not prospectively thinking about every contingency;
7. Not recognizing that all contact terms are negotiable;
8. Getting involved in unnecessary and expensive litigation; and
9. Failing to hire the right professionals.

For a detailed discussion of each of these issues, please download a free copy of our book, "An Ounce of Prevention: 9 Legal Tips for Small Business".

The Kramer Law Firm LLC
2275 Research Blvd
Suite 500
Rockville, MD 20850

Maryland Small Business Lawyers
Rockville | Bethesda | Gaithersburg | Germantown | Potomac
Washington, DC

FAQ

The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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