If you are the proprietor of a family-owned business, you are most likely related to much of your workforce. In fact, your spouse, children or siblings may all hold the most important positions in your company. There are several advantages to this arrangement. For...
Closely Held Businesses
Survey shows family business owners have doubts about succession
According to a survey conducted by The Alternative Board, family businesses are on the whole finding financial success. And most family business owners believe that they will continue to thrive and succeed. But this optimism about the present and the immediate future...
Conflicts can undermine the success of a family business
The rewards reaped from owning and running a family business can make the endeavor more than worthwhile. But balancing the needs of the business with the desires of family members can be extremely challenging. There are many potential pitfalls that are unique to...
It’s never too soon to plan for a family business’s succession
If you are living your dream of owning and running your own successful family business, you have more at stake than just turning a profit. You have also built something that you could hand down to your children, allowing them to keep your creation alive and well into...
Attorneys who understand business
A successful business takes a comprehensive business plan. By working with an experienced business law attorney, business owners can rest assured they are receiving the most comprehensive legal advice available. A law firm that offers business law guidance understands...
Prepared protection for your business
How many times have you heard someone lament that his or her attorney was ill prepared for a court case? Probably enough to cause concern when the time comes to hire a law firm. When you have a closely held business that you have raised from concept to execution...
Why is it important to have a partnership agreement?
Certain needs in business necessitate a partnership. Sometimes, a partnership is just a feasible option to help your business operate with fewer limitations. Partners can bring financial security to a company and may even bring experience and a fair dose of knowledge...
Do you need business organization help for your new business?
Are you preparing to start a new business in Ohio? If so, it is likely that you have a lot of questions and concerns related to your new venture. Many of those questions are likely the ones people enjoy pondering, such as "What will I name my business?" or "What...
Debt financing is a valid option for help funding some startups
If you are in the early stages of operation or even the planning and setup of your business, you may find you need additional capital to run things smoothly. Maybe you have a family-owned business or don't want to relinquish any control to venture capitalists and...
What is “piercing the corporate veil?”
It is an axiom of business law in Ohio that one of the reasons for incorporating is to minimize the risk of liability to shareholders in the company. But shareholder immunity from liability is not unconditional; under some circumstances it may be possible for a...