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

Posts tagged "investors"

Determining co-founder equity in startups

Arriving at a fair equity split for co-founders of a startup company in Ohio can be difficult, but considering different factors could help. Perhaps the most important factor is what positions the partners are going to fill in the new company. A CEO has more responsibilities than a consultant or other non-key executives, so that person should have a greater equity interest in the company.

How to open a new business in Ohio

Starting a new business can be a unique and exciting challenge. However, there are a few steps that all companies will go through as they get ready to start doing business. First, a company will generally want to create a business plan as this will help guide the decision making process of the company moving forward. It will also serve as a guide that can help investors determine if they want to provide financing for the company.

New business partner agreements

It is important for Ohio entrepreneurs to take care of legal matters when forming a new business. Many start-ups fail to have in place basic legal documentation outlining each founder's role in the business. Many times, this is because the owners would rather spend the company's money on products and advertising rather than on legal matters. However, businesses that have legal documentation in place that gives a blueprint for what will happen if major changes take place or the company shuts down tend to be more successful than those that do not.

What to include in a business plan

Business owners and entrepreneurs should begin with the development of a business plan when starting a new business. These steps will give the new business owners a solid plan of action and help them understand their market before they open their doors. While not all entrepreneurs take the time to develop a business plan, those who seek financial investments and loans will be required to put their plan on paper.

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