---
title: "Payroll Vault's New Location In Maryland"
url: https://burnaze.com/article/343d73b1-f0a9-4b99-a6d7-87c3ae11a5b4
source: "Franchising.com"
original_url: https://www.franchising.com/news/20241210_payroll_vault39s_new_location_in_maryland.html
category: "Business Services"
industry: "Business Services"
topics: ["Finance & M&A","Development & multi-unit"]
published: 2024-12-10T12:00:00.000Z
modified: 2026-11-01T22:32:36.346Z
image: https://images.unsplash.com/photo-1551288049-bebda4e38f71?w=1600&q=80&auto=format&fit=crop
---

# Payroll Vault's New Location In Maryland

**TL;DR:** Payroll Vault has expanded in Frederick, Maryland with a new franchisee, a local husband-wife team of entrepreneurs, Mike and Lisa Taylor. The Taylors were drawn to Payroll Vault's mission of empowering business owners.

*originally published in Franchising.com on 2024-12-10. [Read the original](https://www.franchising.com/news/20241210_payroll_vault39s_new_location_in_maryland.html).*

## Story

FREDERICK, Maryland – Payroll Vault announced today it has recently expanded in Frederick with a local husband-wife team of entrepreneurs as its newest franchisee.

Entrepreneurs Mike and Lisa Taylor, who reside in Frederick, wanted to own a company with a mission dedicated to empowering business owners.

After serving in the military, Mike embarked on a highly successful 30-year career in the insurance industry. Over the years, he has owned and sold multiple agencies, managed an insurance department for a leading bank, and co-founded a consulting firm that provided strategic advice to insurance agencies nationwide.

“In my current work, I partner directly with business owners to craft strategies that align with their business objectives,” said Mike, who will manage the location. “This involves pinpointing inefficiencies that divert their teams from revenue-driving efforts and designing streamlined processes that help maintain focus on core, growth-centric activities.”

“Payroll Vault helps small and medium-size business entrepreneurs spend less time in their business so they can focus on their business,” said Oakscale Franchise Partner’s Chief Development Officer Joshua Kovacs.

Mike said: every franchisee we spoke to highlighted the family atmosphere, which resonated with our values.

## Entities

- Franchising.com (publication)
- franchise expansion (topic)
- new location (topic)
- entrepreneurship (topic)
- Finance (sector)
- Maryland (location)
- Payroll Vault (company)
- Joshua Kovacs (person)
- Oakscale Franchise Partners (company)
- Frederick (location)
- Mike Taylor (person)
- Lisa Taylor (person)

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Originally reported by Franchising.com (https://www.franchising.com/news/20241210_payroll_vault39s_new_location_in_maryland.html). Summarized by Burnaze (https://burnaze.com/article/343d73b1-f0a9-4b99-a6d7-87c3ae11a5b4).