General, Individuals

American Taxpayer Relief Act: What It Means

Congress just passed the American Taxpayer Relief Act which is to now give some certainty to the estate and gift tax laws.  It is being reported that the estate tax exemption will remain at $5 million (indexed for inflation).  Most people will not be impacted by this
January 15, 2013 Comments are off

In order to be certified as a disadvantaged business enterprise (“DBE”) in Maryland, must the business enterprise be independent for purposes of demonstrating control?

Yes.  Under Maryland law, control is the exercise of the power to manage and operate a business enterprise.  Only a business enterprise that is independent may be certified as a DBE.  An independent business enterprise is one the viability of which does not depend on its relationship