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

August 2018 Archives

Closely held business organization has benefits

Starting a small business in Ohio means making many decisions before the first transaction is ever made. One of the first decisions may be the type of business organization to use that will be most appropriate for the goals of the entrepreneurs. Many just starting out find that partnering with several people is a good way of sharing the expense of business startup and operations. This is why about 90 percent of all U.S. businesses are closely held.

Breach of contract can occur when employee changes companies

Companies often spend considerable time and money searching for and training employees and managers. The Ohio based company goes to this expense in anticipation of the individual remaining loyal to the company and working with the company for at least a certain time period. In some instances, this time period is spelled out in contract form, and if the individual decides to leave prior to this contract expiring, a breach of contract may occur.

Business planning allows companies to compete with e-commerce

In recent years, consumers in Ohio and across the country have seen more retail giants facing bankruptcy or closing stores. For many, this drastic measure is the result of an inability to compete with e-commerce retailers like Amazon. Those companies that were unable to translate their brick-and-mortar success into an online trade struggled to remain relevant as consumers embraced online shopping. However, more small businesses are finding it beneficial to include an e-commerce component in their business planning.

Real estate acquisition can be lucrative for Ohio businesses

Location is key in the success of many Ohio businesses. In most instances, similar types of businesses congregate in the same general area. Thus when a company is looking to invest in real estate, it often looks for property in the same general area as like-minded businesses.

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

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