Unlike the drafting of a simple will, creating a business succession plan is not just a matter of putting together a single document or even a handful of papers. Rather, business succession involves a lot of careful thought, because the overall plan has to cover a lot...
Month: February 2020
Family businesses need a solid plan in order to last
Although the backbone of Ohio’s economy is arguably small, family-held businesses, the statistics show that relatively few family businesses successfully make the transition to the next generation of owners. For instance, fewer than 1 out of every 3 family businesses...
Mechanic’s liens can be a real estate headache
Like other states, Ohio construction contractors and subcontractors have the right to file a mechanic’s lien on property they have worked on if they have not been paid for their work. The right to file a mechanic’s lien applies to both residential and commercial...
What are my options if I have a zoning issue?
Many commercial investors and developers who are interested in the Cleveland area may suddenly find their project in danger of being derailed before it even gets off the ground. For instance, a project may stall when the developer discovers that the prime location for...
