Dinn, Hochman & Potter, LLC

October 2016 Archives

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 is tempered by a belief among many owners that their businesses will not be carried on under the control of future generations. In fact, 62 percent of those surveyed harbored such fears.

Are your shareholders prepared for possible changes?

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.

Seeking a zoning exception or variance in Cleveland, part 1

As any developer can tell you, bringing a successful commercial real estate project to fruition is all about problem-solving. Your first problem is finding a property that you want to build on. And then you have a whole host of other problems that involve financing, construction, sales and so on. And one of the major hurdles you will have to clear is getting permission from local governmental agencies to perform construction that adheres to the needs of your project.

Verification, notarization and budgeting solidify contracts

One of the main reasons for creating contractual agreements with business partners is to establish responsibilities and obligations. Ideally, so long as both parties deliver on their promises, all will go well. An effective business contract is one that covers all contingencies in terms that are concise and understandable. But achieving this is not always as easy as it sounds. And unfortunately, problems with contracts are sometimes not discovered until well after the document has been signed.

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Dinn, Hochman & Potter, LLC
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124

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Phone: 440-446-1100
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