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Business Law: SBA Makes Changes to the 8(a) Business Development Program
On March 14, 2011, revisions to the U.S. Small Business Administration 8(a) Business Development Program become effective, marking the first time in 10 years that comprehensive changes will be made. The revisions include technical and substantive changes to ensure small businesses can properly compete and win federal government contracts. The revisions encompass changes to numerous…
Read MoreBusiness Law: How To Work With Your Banker When Loan Default Looms
Mark T. Jensen, co-founder of Bowie & Jensen and head of the firm’s transaction department, gives tips for businesses struggling with loans Towson, MD: Mr. Jensen is a co-founder of Bowie & Jensen and leads the firm’s transactional department. He has received numerous legal awards and most recently was named to SmartCEO’s legal elite. As…
Read MoreEstate Planning: Congress Increases Tax Exemptions and the Opportunity for People to Share Them
Last December Congress enacted estate tax legislation that substantially increases exemptions and the opportunity for married couples to share them. Unfortunately, the new law expires at the end of 2012, again creating uncertainty for estate tax planning beyond the near term. Under the new legislation, each individual estate is exempt from federal estate tax up…
Read MoreWorst CEOs of 2010 – What Not To Do In 2011
Tony Hayward of BP, Mark Hurd, CEO of HP and William Weldon of Johnson & Johnson have been identified by Sydney Finkelstein, Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College, as the worst CEO’s of 2010. Professor Finkelstein found that they all share the “unfortunate combination of believing they’ve…
Read MoreBaltimore County Loses Appeal; Forced to Pay $700,000 Plus Interest in Breach of Contract Suite
Baltimore County Loses Appeal; Forced to Pay $700,000 Plus Interest in Breach of Contract Suit; Monetary award has been accruing interest at a rate of 10% as allowed by Maryland law. Today the Fourth Circuit Court of Appeals issued an opinion affirming that Baltimore County is liable for breach of contract by wrongly terminating its…
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