Millard S. Bennett

Millard S. Bennett

Attorney Profile

Top Rated Business & Corporate Attorney in Rockville, MD

Stein Sperling Bennett De Jong Driscoll PC
 | 25 West Middle Lane, Rockville, MD 20850
Phone: 301-838-3203
Fax: 301-354-8103
Selected To Super Lawyers: 2007, 2009 - 2020
Licensed Since: 1978
Practice Areas:
  • Business/Corporate (60%),
  • Business Litigation (40%)
Attorney Profile

As one of the founders of Stein Sperling, Millard Bennett has helped build a firm that allows him to practice the profession of law in a way that is highly beneficial to his clients. He uses many years of experience to see the big picture of his clients' needs and anticipate future scenarios that may arise from conditions or decisions they currently face. Millard handles clients’ matters with an eye on achieving their goals responsibly, efficiently and effectively.

Millard’s practice is concentrated in the areas of business organization, business ownership conflicts, conflict resolution, transition of ownership interests, estate planning and civil litigation. His background in business, as well as his experience in running a successful law firm, gives him unique insight into the legal and financial needs of the business clients he serves. Millard serves as a trusted advisor to numerous companies on business and management issues, helps map out operational strategies and develops both exit and business continuity strategies. In addition, Millard frequently speaks on business transitions, disputes, controversy and succession topics to various business and civic groups throughout the Washington, D.C., area.

Millard proudly served multiple years as Chairman of the John Sherman Myers Society of the American University Washington College of Law, the school’s prestigious alumni association. He currently serves as a Board Member for the Cyrus Katzen Foundation, Inc.

About Millard Bennett

Admitted: 1978, Maryland

Professional Webpage: https://steinsperling.com/attorneys/millard-bennett/

Honors/Awards:

  • Best Lawyers (2013 - 2020)
  • Maryland Super Lawyer (2007, 2009-2018)
  • Washington, D.C. Super Lawyer (2007, 2009-2018)
  • Super Lawyers Business Edition, Top Attorneys in Business (2014-2016)
  • Super Lawyers Corporate Counsel Edition, Featured Attorneys in Business and Corporate Law (2010, 2013)
  • Martindale-Hubbell, AV Preeminent peer review rating

Bar/Professional Activity:

  • Bar Association of Montgomery County
  • American Bar Association
  • Dean's Advisory Council, American University Washington College of Law (2011 - 2019)
  • John Sherman Myers Society, American University Washington College of Law
  • The Dr. Cyrus and Myrtle Katzen Cancer Research Center at George Washington University; Board Member
  • The Dr. Cyrus Katzen Foundation, Inc., Board of Directors

Scholarly Lectures/Writings:

  • Interview with Executive Leaders Radio, 2015
  • Using the legal system, including the differences between District Court and Circuit Court proceedings; Mechanics’ Liens in Maryland, which may help protect subcontractors from nonpayment by owners or contractors; and your protection and relief under Maryland’s Trust Fund and Prompt Payment Statutes., Millard Bennett, Beth Irving and Andrew Cole present, “A Subcontractor’s Guide to Collecting Money”, 2010
  • Using the legal system, including the differences between District Court and Circuit Court proceedings; Mechanics’ Liens in Maryland, which may help protect subcontractors from nonpayment by owners or contractors; and your protection and relief under Maryland’s Trust Fund and Prompt Payment Statutes., Millard Bennett, Beth Irving and Andrew Cole present, “A Subcontractor’s Guide to Collecting Money”, 2011
  • Millard Bennett will be participating in an exclusive round table discussion and share valuable insight about best practices and emerging trends in business law. This meeting will be recorded and transcribed for publication in Smart CEO’s October issue. This roundtable discussion is a one-of-a-kind opportunity to collaborate with other local thought leaders in the field of business law and to share your advice, strategies and perspectives with the Greater business community., Millard Bennett to participate in Smart CEO Attorneys Roundtable Discussion, 2011
  • Millard Bennett will again be participating in an exclusive round table discussion and share valuable insight about best practices and emerging trends in business law. Hosted by Washington SmartCEO magazine, this roundtable discussion is a unique opportunity for Mr. Bennett to collaborate with other attorneys who are local thought leaders in the field of business law. He will share advice, strategies and perspectives with the magazine’s C-suite readers on topics such as exit and transition planning for businesses, changes in industry trends and how companies are doing business, as well as examples of good economic news in the metropolitan Washington, D.C., area. The roundtable will be recorded and transcribed for publication in an upcoming issue of Washington SmartCEO., Millard Bennett to participate in SmartCEO Attorney Roundtable, 2012
  • Stein Sperling attorneys will cover the basics of business and employment law that every business owner should know. Millard Bennett, Mark Schweighofer, Karen Shapiro and Don Sperling will guide attendees through the following topics: Ownership Agreements & Executive Compensation Plans Owners often find themselves in trouble and without up-to-date documents. Learn how to be proactive! Employment Law Survival Guide Employees are the lifeblood of any business. This session will update you on current federal, state and local laws! Exit Strategies and Estate Planning No matter the transition you’re planning (buy, sell, merge), this discussion will help you anticipate what lies ahead!  , Stein Sperling attorneys to present at M&T Bank event for business owners, 2013
  • Mr. Bennett’s family business article was published in US Business Review’s summer edition. In his article, he discusses the common patterns that he sees when dealing with family businesses. These patterns are: The majority of these disputes involve family members; Many of the disputes could have been avoided had there been a succession plan in place; The need for an updated shareholder/partnership/operating agreement that contained appropriate provisions addressing ownership and transition issues; and The need to establish methods for amicable dispute resolution. He also notes the most common obstacles he observes in family business transitions: Owners’ concern about the loss or sharing of control of the company they created; Owners’ general unwillingness to part with the asset and possibly reduce their personal cash flow; Owners’ concern about dealing with their own mortality and facing “closing the chapter” of their lives as a business owner; and Owners’ having to make what might be an unpopular family decision and deal with potential familial tension. Mr. Bennett presents details on the obstacles that arise from these patterns and provides advice on how to navigate through transferring ownership of a family business. The entire article can be found in US Builders Review., Millard Bennett published article in US Builders Review on family businesses, 2012
  • Millard Bennett published an article in US Builders Review on the need for up-to-date business agreements. He explained that the following provisions may need to be revised from time to time to ensure their effectiveness: Methods for the valuation of an ownership interest Dispute resolution procedures Purchase a former stockholder’s or member’s interest in the company Compliance with new tax regulations Growth, circumstances and expectations of the owners The entire article can be found in US Builders Review., Millard Bennett published article in US Builders Review on updating business agreements, 2012
  • Millard Bennett, Don Sperling and Karen Shapiro to present at the SmartCEO Seminar "Cultivate Growth, Create Value, Cash Out or Cut Back: Don’t Wait Until It’s Too Late to Plan a Future for Your Business" on Wednesday, November 6, 2013. From their decades of advising business owners through transitions and transactions, Stein Sperling principals will address these questions and others: How do you cultivate existing talent to lead in the future if you transition your business from within?  How can you attract new talent to become vested in your company’s future? How do you ensure business success and family harmony when transferring ownership of your company to the next generation? How can you get your house in order now to efficiently sell your business to a third party? How do you maximize the value of your business for a future sale? How do you start the transaction process and what pitfalls must you avoid?, Millard Bennett, Don Sperling and Karen Shapiro to present at SmartCEO Seminar, 2013
  • Stein Sperling attorneys will cover the basics of business law and strategic planning that every business owner should know. Millard Bennett, Karen Shapiro and Don Sperling will guide attendees through the following topics: Ownership Agreements  Owners often find themselves in trouble and without up-to-date documents. Learn how to be proactive! Succession and Transition Planning Whether you are promoting talent from within or must make unpopular family decisions, you need a plan! Exit Strategies  No matter the transition you’re planning, this discussion will help you anticipate what lies ahead!, Stein Sperling attorneys to present at Early Cassidy and Schilling event for business owners, 2014
  • Millard Bennett will be speaking at The Launchology Series presented by industree during the "Taking Care of Business" section.  He will review the basic legal structuring of a new restaurant, considerations when drafting an operating agreement and negotiating a lease. industree is a hospitality industry trade organization dedicated solely to the promotion and growth of the hospitality industry and its members, providers, supporters and future leaders., Millard Bennett to present at The Launchology Series presented by industree, 2014
  • The growth of any successful business involves careful strategy and planning on the part of its owner(s). This means contemplating scenarios you can expect − and those you can’t! M&T Bank presents Future Focus seminar, featuring Stein Sperling's Millard Bennett, Mark Schweighofer, Karen Shapiro and Steve Widdes, which will outline two key components for continuing the success of your business into the future, both near- and long-term., Speaker, M&T Bank Future Focus Seminar, 2015
  • Stein Sperling's Millard Bennett, Mark Schweighofer, Karen Shapiro and Steve Widdes will speak to Leadership Montgomery members and class participants about developing leadership and succession plans for your business., Speaker, Leadership Montgomery Breakfast Business Academy, 2015
  • LLC Operating Agreements:  7 Factors Impacting “Transfer upon Death” Provisions presented to a group of financial planners, 2015
  • Millard Bennett’s article, "5 Provisions in Business Agreements Owners Must Regularly Review and Revise," was published in the inaugural edition of Vanguard magazine. The article discusses the need to ensure that your business agreements keep up with the passage of time and changes in the law. It covers the five common provisions in business agreements that every business owner must be aware of, including:, Author, 5 Provisions in Business Agreements Owners Must Regularly Review and Revise, Vanguard, 2016

Educational Background:

  • University of Maryland (B.S.), 1971
  • American University, Washington College of Law (J.D., magna cum laude), 1977
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Office Location for Millard S. Bennett

25 West Middle Lane
Rockville, MD 20850

Millard S. Bennett:

Last Updated: 10/7/2019

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