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What Are the Study Reserve Requirements in Maryland?
The Maryland House Bill 107 was passed in 2022 and established statewide funding and reserve requirements for condominium associations, cooperatives, and HOAs to undertake regular reserve studies of common area components. The bill is in response to the Champlain Tower South condominium collapse in Surfside, Florida. The new legislation mirrors what was similarly passed in Montgomery…
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How Can I Ensure My Small Business Is Legally Compliant?
As a small business owner, you have likely invested a significant amount of time, money, and effort into building and growing your enterprise. While your focus may be on attracting customers and generating revenue, it is crucial not to overlook the importance of legal compliance. Ensuring that your business operates within the bounds of the…
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Common Reasons for an HOA to Suspend Privileges
An HOA is an organization that governs a residential community, making and enforcing rules to maintain the appearance, safety, and value of the properties within it. When you purchase a home in an HOA-governed neighborhood, you must abide by its rules and regulations. When an HOA member fails to comply with the association’s rules or…
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Top Legal Factors to Consider When Forming a Business
Starting a business is an exciting time for any entrepreneur. Still, it is essential to ensure you are taking all the necessary legal steps to protect your business and avoid potential legal issues. As a new business owner, it can be challenging to navigate the complex world of business law. There are several things to…
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Does My HOA Need an Attorney?
If you are a member of an HOA, you know that managing a community can be challenging. HOA board members are responsible for governing the community, enforcing rules and regulations, and managing the finances. However, when it comes to legal matters, it is crucial to have an HOA attorney. How Can an HOA Attorney Help…
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How Do I Buy My Partner’s Share of the Business?
When two partners go into business together, it is often with the intention of splitting the profits, sharing responsibilities, and working as equal stakeholders in the success of their venture. Sometimes, things do not work out as planned, and one partner may decide they want to buy out the other. If you and your partner…
