News & Insights

A long-settled antitrust doctrine, known as the Dr. Miles rule from the 1911 Supreme Court opinion in which it was first announced, was overturned by the Supreme Court in its recent decision of Leegin Creative Leather Products v. PSKS Inc.  In Leegin, the Supreme Court held that minimum resale ... Read more >

The Maryland Court of Special Appeals issued a ruling in December 2006 that strengthened the ability of creditors to collect debts by confessed judgment.  It also clarified the preliminary burden a debtor must meet if he or she attempts to open, vacate, or modify the judgment once it has been e... Read more >

Since limited liability company (LLC) statutes were enacted in all fifty states and the District of Columbia, the LLC has become the business entity of choice. Generally, LLCs provide business owners with limited liability for the debts and obligations of the business while being taxed on a pass-thr... Read more >

Black Enterprise Magazine interviews and quotes Franklin Lee regarding the recently enacted commercial non-discrimination statute in Maryland which Mr. Lee was a primary author. ... Read more >

The Baltimore Business Journal turns to Franklin M. Lee in reporting on MBE participation in Maryland road projects. ... Read more >

A report by The Daily Record on a commercial non-discrimination measure passed by the Baltimore City Council to target discrimination in contracting.  The paper turns to Frankin M. Lee, who helped draft the bill, for insight. ... Read more >

Stateline.org quotes Franklin M. Lee. ... Read more >

A Maryland corporation is required to file its Personal Property Return (Form 1) and pay a $300 fee by April 15 of each year in order to maintain its charter in good standing. If the return is not filed and the fee is not paid, then the corporation is not in good standing and, with the passage of ti... Read more >

Partnerships, limited liability companies ("LLCs") taxed as partnerships and S corporations have various tax advantages and are often chosen by owners of businesses as favored business structures. There are, however, some disadvantages to such structures; the owners can take advantage of fewer tax-f... Read more >

When buying or selling a corporate business, a business manager has a choice: is the transaction to be a purchase and sale of assets or a purchase and sale of corporate stock? The buyer of the assets or stock ("Buyer") and the seller of the business ("Seller") will be motivated to different answers ... Read more >