A buy-sell agreement is, generally speaking, either part of or an addition to a shareholder agreement. By way of background, many small, family-owned businesses have a shareholder agreement all parties who own stock in the family corporation, or an interest in an LLC,...
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...
It makes sense that large, public corporations receive more press than small businesses. After all, those who have a financial interest in a large corporation may be far-reaching since public companies offer their stock on the open market. However, the most common...
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...
Customers and employees are the lifeblood of many Ohio businesses. They are both critical parts of most businesses. As such, the business owner often goes to great lengths to make sure that both are taken care of. Unfortunately, without proper planning for what will...
Boxing champ, Conor McGregor is well-known to fans in Ohio and across the country. An Irish fighter who gained international fame when he stepped into the ring with Floyd Mayweather, McGregor is known as much for his salty tongue as he is for his fists. Beyond...
The battle for the consumer is on. The latest market to enter this ongoing battle appears to be in the grocery industry. As businesses across Ohio seek to merge and/or expand, their specific business organization often plays a vital role in success or failure. Online...
After months or perhaps even years of planning, it is time -- time to dive in and join hundreds of thousands of entrepreneurs across Ohio. The concept is sound and the opportunity for a new business startup seems right. Perhaps one of the only remaining decisions is...
It takes a one for all, and all for one attitude to help make a family business run efficiently. Often, family members can perform any number of tasks for the company. This is one of the advantages of a family business; everyone has a vested interest in its success....
In every aspect of life, there can be profound shifts in attitudes between generations. Society is constantly evolving and what was once considered a normal mode of behavior is now thought of as being old hat or even just plain wrong. And these sorts of societal...