Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property.
Non-Transferable Assets: Assets that are legally restricted from being transferred, such as government benefits, social security payments, or certain insurance policies, cannot be used as collateral since they cannot be seized or sold.
BUSINESS PERSONAL PROPERTY RETURN An Annual Report must be filed by all business entities formed, qualified or registered to do business in the State of Maryland, as of January 1st .
There are three ways to serve someone: by certified mail, sheriff, and private process. Select how you wish to have the Defendant served by checking the box on your Complaint form.
A general sales tax is a tax imposed at one rate on retail sales of a broad range of items. A taxpayer makes the election by checking box 5a on Schedule A of Form 1040. If you elect to deduct state and local general sales taxes, you can use either your actual expenses or the optional sales tax tables.
A permanent sales and use tax license can be obtained through the Maryland Tax Connect portal. Please visit .mdtaxconnect and select “Register a Business in Maryland-Combined Registration Application” from the “Quick Links” options on the Maryland Tax Connect homepage.
An agreement to buy or sell real property in Maryland must be in writing, and Buyers and Sellers of residential real estate typically use standardized form contracts to document the transaction. The Maryland Association of Realtors Residential Contract of Sale (the “Contract”) is the most used form contract.
If the seller withholds information from the buyer, or misrepresents the value of an item, this may render a bill of sale null and void.
Your bill of sale shows proof that both buyer and seller had legal intent to transfer ownership of any given item. Because of this, your bill of sale protects both parties involved in the sale from any malicious legal issues.