McNamee Hosea News & Press — Business Formation

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Business Partnership Agreement FAQs

September 2015

Many Marylanders who set up a business do so by entering into a business partnership with one or more other entrepreneurs. Partnerships have the virtue of being relatively easy and inexpensive to set up. The Huffington Post notes that 50 percent of new businesses fail within the first five years. Full Article
How to Choose the Appropriate Business Structure in Maryland

July 2014

Many people dream of starting and owning a business; but oftentimes, they do not know what type of business entity to choose. There are several types of business entities for hopeful business owners to choose from - the key is to select the one that is most appropriate for all involved. Full Article
Steps for Opening a New Business on the East Coast in 2014

December 2013

If you haven't already, now is the time to establish your New Year's resolutions. Do you want to get more exercise or travel to a new place? How about that business idea you have had mulling around in your brain for the past few years? Maybe this year is the time to start a new business venture. Full Article
Top Benefits of Incorporating a Business in Maryland

June 2011

The lifeblood of Maryland's economy is small business. According to the most recent Small Business Administration (SBA) data, well over half a million small business (defined as fewer than 500 employees) existed in the state in 2008. The vast majority of those business did not have employees, but rather was an individual providing goods and services on his or her own. Full Article