The founders of every startup dream about a grand, lucrative exit as the payout for years of hard work, creativity, and sheer grit. In reality, cashing out is a long-term strategy intrinsic to the lifecycle of a company. It’s never too early to demystify how exiting can really work for the founder. Myth: Founders of…
As we get close to the end of the 2023 third quarter, many businesses and organizations start thinking about next year’s budget. You may not feel ready to think about 2024, but there are several employment laws that will affect you. It is important to plan now so you can ensure compliance later. Here are…
With summertime fun upon us, ‘tis the season of signing “waiver forms” for camps, sports, and vacation activities. But do you know what you are signing or asking your customer to sign? Will the waiver hold up in court or is it not worth the paper it was written on? A well-drafted waiver form is…
We’ve discussed before some important considerations when closing a business sale. Sometimes, a lender is involved in the business sale and the closing process may be slightly more complex. Here are some additional things to expect: Lender approval: If the business has a loan or a line of credit which is to be transferred to…
The closing of a business sale is the final step in the process of selling a business – all the final matters are wrapped up and money changes hands. While the closing is typically attended by the buyer, seller, and their respective legal counsel, it has become more common since the pandemic for simple closings…
Natasha talks weed at work for DC SHRM. DC SHRM invited Natasha back to cover the hazy world of cannabis in the workplace for the Employment Law Update for 2023. Speaking to a group of executives and human resource professionals from around the DMV, Natasha provided practical advice on how to navigate setting and implementing…
For the 2nd year in a row, Ginny Bonifacino has been included on the Maryland Super Lawyers Rising Stars 2023 list in the Corporate and Business category. Super Lawyers recognizes attorneys that have excelled in peer recognition and professional achievement. Being named to the Rising Stars list is a prestigious distinction that only the top…
Ginny’s new article in the Maryland Bar Journal (Volume 4, Issue 2) explores how Maryland state statutes support law firms which elect to organize as “benefit LLCs” and then seek B Lab CertificationTM. Firms can amp up their mission while balancing purpose and profit. It’s a topic close to heart as Nazareth Bonifacino Law LLC…
Employers in the District of Columbia, Maryland, and Virginia area have learned that employment laws are frequently changing. At least annually, employers of all sizes should review their handbook and policies to ensure compliance. Some recent updates include: District of Columbia Non-Compete Restrictions. DC’s non-compete ban went into effect October 1, 2022. DC employers may…
Recently, a client who happens to be a lawyer herself sent a thank you note that captured my heart. She wrote: “I am indebted to you in particular for reaffirming my belief in the ability for us attorneys to finesse the process to accomplish what needed to be done!” I was pleased to receive the…
Buy-sell agreements are a top planning tool for closely-held businesses. A well-crafted agreement helps avoid conflict and plans for both expected and unexpected transfers of the ownership interests in the event that an owner dies, becomes disabled, divorces, or simply wants out. Buy-sell agreements can be stand-alone contracts, but they are more commonly part of…
It often comes as a shock to first-time tenants that the financial responsibilities in a commercial lease go far beyond the monthly rent and security deposit. Some say being a commercial tenant is much more like home ownership than renting an apartment because the responsibilities of a commercial tenant are extensive and on-going. The commercial…