As someone who operates a business in Ohio or another state, a time may come when you struggle to collect money owed to the business. You may initially try to encourage the non-paying party to pay you by sending demand letters or making follow-up phone calls. However,...
In recent years, businesses in Ohio and throughout the world have experienced significant supply chain disruptions. Since the failure to provide materials as promised could lead to a breach of contract, many legal matters come into play. The approach a company takes...
When you draft a contract with another business, you may want to consider a severability clause. A severability clause states that if any other provisions become unenforceable, the agreement will remain intact. Businesses should consider severability clauses when...
As a business owner, you have likely given your all to build your business from the ground up. At some point, you may realize the time has come to sell it. Whether selling for a positive change or knowing a competitor can better handle the lingering effects of...
When business is going well, the next logical step is to use that upward momentum for growth and expansion. One way to quickly branch out into a new market all at once is by acquiring another business and all of its resources, but this is not a one-size-fits-all...
Having a succession plan in place is important from a business perspective due to the fact that you simply cannot predict everything that will happen in the future. If you have a good succession plan in place, you can remove the stress of figuring out what to do with...
Business disputes are one thing that most business owners universally want to avoid at almost any cost. It is a lot of time, money and effort to take a case to court, after all. However, there are plenty of ways to resolve a dispute outside of court. But how is this...
For a business to succeed, many different moving parts need to align properly. However, if the foundation of the business is strong, then success and growth will come more easily. One of the best ways to start off with a strong foundation is through the creation of...
No business owner wants to go through a dispute. However, the possibility always exists because of the involvement of individuals with their own mindset, goals and ways of doing things. The best thing to do when a dispute looms on the horizon is to know how to deal...
As a business, you are responsible for protecting your clients' personal information. Nowadays, most companies store a lot of important information digitally. While convenient, if you do not understand the risk, you could open your company up to cybercriminals....