Bernstein & Feldman, P.A.

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May 2016 Archives

Understanding the basics of a business divorce

If you thought starting a business was difficult, try ending one. There are a many reasons a business partnership might end and just as many ways to do it, but before you close the doors for good, there are some important proceedings you need to understand to avoid unintentional fraud, tax evasion or other tricky legal situations. In general, any time a business partnership ends, or divorces, it can be grouped into one of two categories: real or technical termination. Once you see which fits your circumstances, you can make an appropriate plan and move on to the next phase of your life.

Millennials prefer city life to suburban sprawl

Commercial and residential real estate prices in Maryland and around the country tend to reflect societal trends. Suburban areas were quite popular in the 1950s and 1960s as couples sought a quieter life and more space to raise their children, but urban centers have been becoming more popular in recent years among Millennials who enjoy the entertainment options and cultural amenities offered by big cities. Residential real estate prices in urban centers are now outpacing suburban values according to the real estate company Zillow.

Maryland and distressed home sales

In February, Maryland posted the largest percentage of distressed home sales of any state in the country at 19.9 percent, with the Baltimore-Columbia-Towson metropolitan area also posting the largest at 19.8 percent. Distressed sales include short sales and real-estate owned properties. Nationwide, distressed sales accounted for 11.1 percent of all homes that were sold.

Maryland commercial property values may be stagnant

According to the Green Street Commercial Property Price Index, U.S. commercial property appreciation remained unchanged in April and, the advisory firm said that values have ground to a halt. This is after many years of property appreciation that reached almost double digits annually. However, property values are still 7 percent higher than they were at the same time last year and 23 percent higher than they were in August 2007.

How to determine if starting a franchise is right for you

For those who are interested in opening a business involving minimum risk, entering into a franchise agreement may be an option worth considering. However, a franchise includes a process many consider complex due to the legal considerations. It is important to remember that opening a franchise doesn't guarantee that your business will be a success, and there is still some degree of risk involved. When making your decision, it's important to consider the possible pros and cons of starting a franchise in order to determine if it's the right venture for you.

Planned Maryland solar farm running into zoning hurdles

A proposed 300-acre solar farm is running into hurdles in Kent County from the Kent Conservation and Preservation Alliance and the county's commissioners. The Virginia-based company behind the project, Apex Clean Energy, is scheduled to have a motions hearing concerning the issues the county commissioners raised.