What Is Considered a Small Business in Maryland? Understanding Small Businesses in Maryland

A small business in Maryland is one that has fewer than 500 employees and less than $7 million in annual revenues. Additionally, a small business must be independently owned and operated, not be dominant in its field, and have a purpose that is not solely profit-driven. Military veterans make up 6.9% of Maryland’s small business … Read more

Whats the Difference Between DBA and LLC?

DBA vs LLC: Understanding the Key Differences A DBA offers no distinction between the business and the owner, who is liable for all debts and expenses incurred by the business. An LLC can increase the odds of its member’s private assets remaining secure even if the business goes into debt or faces litigation. Tax Considerations … Read more