Shareholders invest in companies throughout Ohio as well as the rest of the United States with the intention of seeing a return on their investment. While this return is not guaranteed, shareholders do expect the company to do its part in the manner in which it conducts business. Depending upon the type of shareholders involved and the company, some shareholders also have a say in the election of company officers, payroll issues and bonuses. Thus, when information is not accurately disseminated to these shareholders and the general public, shareholder disputes become a possibility.
Customer service is an important part of most Ohio businesses. Regardless of who is to blame for service problems, the customer will ultimately look to the company with whom he or she interacts. The fact that contract disputes may cause problems between the service provider and its product source doesn't change the fact the customer is the one who ultimately loses out.
After investing both time and money into a new enterprise, a business entrepreneur expects to reap the rewards of such a venture. Perhaps these rewards are in the form of income, or perhaps prestige is the ultimate goal. As the Ohio business continues to grow, it is possible that it will look for investors and shareholders to assist with further growth and development. While this scenario does provide the financial opportunity the company is looking for, it also opens the door to the possibility of shareholder disputes down the road.
Contracts are an important part of most Ohio businesses. As a business expands or acquires other businesses, contracts are used to establish the specific terms and conditions under which the acquisition will take place. Each party then expects the other to honor the terms of the contract; when this does not happen, contract disputes are likely to occur.
The couple made a splash on HGTV with their down-to-earth style and stunning home remodels. Fans in Ohio and beyond saw Chip and Joanna Gaines quickly rise to stardom following the success of their TV show, "Fixer Upper," in which Gaines's company, Magnolia Realty, convinces couples to purchase inexpensive homes that he and Joanna then renovate and redecorate. The TV show spawned a line of products for the home as well as books and other merchandise. However, it also spawned business litigation as former partners of Chip Gaines claim they were defrauded.
When a business owner or partner dies, there are a variety of legal matters that must be addressed in regard to the succession of his or her controlling assets and roles within the company. If the decedent left a will and created a legally binding succession plan, then the transfer of assets and power should go relatively smoothly. But one part of the transition could prove time-consuming and even contentious; probate
It is sometimes said that the best-laid plans of mice and men often go awry. But while this idiom has certainly stood the test of time, it is advisable that you don't take it too literally. Specifically, the last three words, "often go awry," is certainly a damning indictment of careful planning. But the fact is, careful planning is a critical element of achieving any goal.
When you establish an agreement with an independent contractor, the hope is that everything will go smoothly. It benefits all parties involved if the contractor is able to complete your project on time and according to the predetermined specifications. And the last thing you need is for a dispute to arise that either interferes with the work being finished or results in the threat of legal action on behalf of the contractor.
From marriages to business partnerships, nothing lasts forever and change is inevitable in all relationships. And just as a divorce can be expedited much easier if the couple signed a prenuptial agreement, so too can businesses do themselves a tremendous service by planning for a potential dissolution.
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.