Employees can make or break a company. Good employees can attract new customers, produce results and generate income for the company and its owners. On the other hand, other employees can have a negative impact on the company, its reputation and its bottom line. Employment contracts are sometimes used in an effort to retain good employees and protect the company against the damage that some employees can cause. Still, even with employment contracts in place, Ohio companies can find themselves at the center of employment contract disputes.
Starting a new business can be an expensive venture. The Ohio entrepreneur often has numerous expenses before the first item is ever sold. As such, business financing decisions can play a critical role in the new company's success.
Planning is the key ingredient for almost every worthwhile endeavor. This certainly holds true when an Ohio entrepreneur decides to begin a new business venture. In fact, creation of the business plan is often what drives the initial start-up and provides the roadmap for all future business planning decisions.
Are you starting to feel the lure of retirement but are not quite ready to hand off your small business? If so, now is the perfect time to review your business's succession plan. If you don't have one, now is the time to prepare one. Planning for succession of your business can be complicated, and you will want to meet with various advisors, including financial, legal and tax advisors to complete your plan. In the meantime, here are a few key factors to consider.
Companies often must depend upon each other in order to be successful. One company often supplies needed resources to another Ohio company. This relationship may be established through a hand-shake, verbal agreement or even a written contract, and without this relationship, it may not be possible for one of the companies to succeed. Thus, when there are problems that may lead to the dissolution of the relationship, contract disputes may arise.