Breach of contract is one of the most common claims in commercial litigation. A contract is a promise or set of promises that are binding through Ohio or federal law. Although most of your business contracts are likely in writing, verbal contracts can also be legally...
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...
Many businesses benefit from having multiple owners, as this can provide different perspectives, ideas, and multiple points of view about operations and growth. However, when more than one person is involved in the leadership of a company and opinions differ, disputes...
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...