How We Can Help
Most people, especially women, know that they should get their affairs in order. Some our of clients own their own business or are contemplating launching a new venture. We have a mission to empower women in every aspect of their lives to leave lasting legacies. However, most women do not know where to begin or who they can turn to for help. We can guide you through the process and take you from overwhelmed to empowered. We can provide you with the following services:
Estate Planning
Estate planning is the process of taking inventory of your wealth and determining how your personal and financial matters will be handles if you become incapacitated. When you plan your estate, you review your wealth and your family’s needs, then state your wishes of who should get what and when. You also leave plan for your children and/or pet’s care.
Incapacity Planning
If you become incapacitated, it is critical that you have an agent that is empowered to make financial and medical decisions on your behalf. A well-drafted power of attorney for asset management and an updated advance directive is vital to your financial and personal well-being should you become incapacitated. We can help you prepare these documents so that they properly reflect your wishes.
Probate & Estate Administration
If property passes through a will or if a person dies without a will, then most estates must go through the court system. When there is a will, we call that a probate administration. When there is no will, we call an estate administration. Although in common practice you may have heard the terms used interchangeably. The Law Offices of Elsa W. Smith, LLC can assist you with probate and estate administrations in the District of Columbia and Maryland including Anne Arundel County, Prince George’s County, Howard County, Baltimore County, and surrounding areas.
Business Formation
Deciding which business entity is the right fit for your business is a crucial decision best made in conjunction with a knowledgeable attorney, with in-put from your accountant. By asking careful questions and learning about your business model and business goals, our team provides guidance and advice on which entity is best suited for your particular business. Schedule now to form your business entity.
Whether forming a Maryland limited liability company, or a Maryland partnership, each type of business entity has its own advantages and disadvantages. Generally, the two main factors to consider are liability protection and taxes. These factors vary depending on the business and its assets. A number of other factors also play a role in deciding which business entity is the best entity for your business, including your business goals, your management style, the level of control you want to retain over the business, and applicable insurance coverage. We advise on the pros and cons of each type of entity and recommends an entity that fits your particular business and its needs.
Once a business entity is selected, our team provides comprehensive services on a flat fee basis to form the selected entity. We ensure that all your questions are answered. We draft specialized documents specifically for your business. We then ensure that all necessary paperwork is filed with the appropriate government agencies. Schedule with the Law Offices of Elsa W. Smith to start your business formation.