There’s a lot to take into consideration as you embark on your entrepreneurial journey. Although you’ll have to give some attention to developing your products, securing supply chains, and hiring and developing talent, one of the first thing you’ll have to do is...
When we go into business with a partner, we have high hopes for the venture. But we may have heard horror stories of partnerships gone bad. Infighting and miscommunication can break down trust, cause business slowdowns and ultimately spell the end of the partnership....
HAVING A LAWYER DRAFT YOUR OPERATING AGREEMENT There are many online services that promise a cheap solution to filing business formation documents. While the initial price might seem like a deal, it is important to understand the hidden costs of using preprinted...
WHAT IS A LIMITED LIABILITY COMPANY? A limited liability company (LLC) can offer business owners powerful protection from creditors. However: this entity is not available to all business owners, and owners must operate the business properly in order to enjoy the...
Mergers and acquisitions can be lucrative transactions for all involved parties. However, these are highly complex transactions with a lot at stake, and many issues can arise that might put the deal in jeopardy, often resulting in losses or liability. It is important...
SHOULD YOU DRAFT YOUR OWN CONTRACTS? A contract is a business agreement that is in place to ensure that the legal rights of all involved parties remain protected. When contracts are not drafted precisely to suit the needs of the involved parties, potential risks can...
In a recent opinion out of Ohio’s Twelfth District, a family owned and operated business was sued by a shareholder/employee when his employment was terminated. It appeared the company provided certain vehicle benefits to all shareholders, even if they were not...