MARYLAND BUSINESS REPORT

From the pages of the Baltimore Business Journal:

**The Maryland Insurance Administration said Friday that a state's court should move forward on a review of its decision to cut in half $18 million in severance for William L. Jews, former CEO of CareFirst BlueCross BlueShield. The motion was filed Friday in Baltimore County Circuit Court by MIA Commissioner Ralph Tyler. Jews filed a federal lawsuit seeking the full $18 million August 11 after the MIA ruled to slash the severance to $9 million. He also filed for a state judicial review of the decision August 13, but asked the state court to delay its case while he pursues the federal lawsuit.

** The Baltimore County Council has killed a controversial proposal that would have banned ads on moving vehicles.  The ccouncil was set to hear the bill Monday night, but the bill's sponsor killed the measure after failing to win enough support.  The idea behind the legiskation is that ads on moving vehicles are a distraction to drivers and could endanger their safety.  The county already bans ads on parked vehicles.

Business advice from the Small Business Administration:

There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business. If you have employees, you must file the final employment tax returns, in addition to making final federal tax deposits of these taxes. The annual tax return for a partnership, corporation, limited liability or trust includes check boxes near the top front page just below the entity information. For the tax year in which your business ceases to exist, check the box that indicates this tax return is a final return.