Dinn, Hochman & Potter, L.L.C.
TF: 800-233-4079
L: 440-681-8005

September 2016 Archives

A noncompete agreement must have a legitimate purpose

One of the most important things you can do as a business owner to protect your interests is have high-value employees sign noncompete agreements. The intent of having an employee commit to a noncompete agreement is to keep him or her from going to work for a direct competitor for a specific period of time after leaving your company. But when crafting such an agreement, you need to make sure that it is legally enforceable.

Approach potential business partnerships with deliberate care

Forming a partnership, be it limited or general, with another party can do a great deal to expand your business opportunities. But you need to examine every aspect of a potential partnership extremely carefully. And when it comes to formalizing your partnership, you want to create a contract that clearly states each party's responsibilities and obligations.

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 family businesses. This is because your coworkers are not just fellow employees, but your flesh and blood.

What can the funds from a 504 loan be used for?

Commercial real estate projects are multi-faceted and extremely complex. And financing is typically the most important aspect of successfully bringing a project to fruition. After all, you won't be able to even break ground with the first shovel without there being money to pay for land, construction, fees, taxes and all other related costs. As such, you will likely be seeking to secure a sizable business loan before proceeding.

Office Location

Dinn, Hochman & Potter, L.L.C.
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124
-6500

Local: 440-681-8005
Toll Free: 800-233-4079
Fax: 440-446-1240

Cleveland Law Office Map .

Super Lawyers AV logo | Distinguished TM | AV | LexisNexis Martindale-Hubbell | Peer Review Rated | For Ethical Standard and Legal Ability | TM | 2011 | Clifford N. Ribner Lead Counsel Rated VISA | Master Card | American Express | Paypal

Stay Connected With Us