March 2022

When a business owner is thinking about selling her business, there are many factors to consider and steps to be taken. In the months and years preceding an exit, an owner usually focuses on driving financial performance to maximize a potential sales price. Indeed, buyers are often enamored by profitability measures, so the laser focus is rational and understandable; however, through our experience in representing a variety of sellers, we have identified several other areas that should be considered when planning an exit. While these factors are not all glamorous, they are critical to a successful and efficient exit, and they should be addressed in the early stages. 

In recent years, many condominiums, cooperatives, and homeowner associations have discussed the topic of short-term/vacation rentals. Due to the transient nature of these rentals, many associations look to the leasing provisions in their declarations and bylaws for the authority to significantly restrict or ban such rentals, and some have attempted to amend these documents to specifically prohibit these rentals.

By contrast, in resort and vacation locales, short-term/vacation rentals are the norm. In fact, in these communities, permitting short-term/vacation rentals may actually be necessary to maintain property values as many owners purchase these properties with the intent to rent them on a short-term, daily, or weekly basis.

Collaborative Practice is a form of “alternative dispute resolution” that can be a valuable alternative to litigation and trial. In the context of family disputes, the principal difference between Collaborative Practice and conventional family law is the commitment of each party to reach an agreement before involving the assistance of the court. More specifically, each party, together with his or her respective attorney, consent in writing to be a part of a process that results in an out-of-court resolution. 

We are proud to announce that both Kristina Paulsen and Paul Skalny have been recognized by The Daily Record for being Leaders in Law.

“The 2022 Leaders in Law honorees represent the best of the best in a variety of categories that demonstrate the breadth and depth of the legal landscape in Maryland. Their tremendous dedication to the legal profession and to their community is outstanding,” said Suzanne Fischer-Huettner, senior group publisher of The Daily Record. “We are pleased to join with our event partner and presenting sponsor, the Maryland State Bar Association, to recognize our honorees’ accomplishments.”

Our firm always has room to grow! We are looking for capable and hard-working individuals to join our team. Are you are in search of a firm with a team-oriented culture, an entrepreneurial spirit, and a “work hard, play hard” mentality? We invite you to send us your resume even if you don’t see a position on our career page that meets your hopes and expectations.

With the growth of many of our practice areas, together with our commitment to meet the ever-changing needs of our clients and the greater business community, the firm has added new members to our team in recent months. We hope you will join us in welcoming them and, as always, you are welcome to stop by and meet them!

Greg recently joined our Business & Transactional practice group. He is an experienced commercial real estate law and transactional attorney, and represents lenders, developers and other clients in commercial real estate acquisitions, lending, negotiations, and closings. Prior to joining the firm, Greg was a Senior Associate County Attorney with the Prince George’s County Office of Law

Britton joined our firm earlier this year in our Family Law practice. She has extensive experience in high conflict custody cases and complex financial matters in divorce proceedings. We are thrilled to have her join our growing Family Law practice group.

WE’VE RAISED THE BAR

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410-995-5800 | www.darslaw.com