Planning for the future by having a succession plan in place for a small business is an important step to take. By creating a business succession plan, business owners can effectively plan for the future and develop a sound strategy to meet their unique needs and...
Many landowners in Ohio are in a situation where part of their land can be legally accessed by someone else. This is known as an easement, and it gives another person a partial interest in someone else’s land. An easement allows that person to use the land, the space...
A business cannot stay solvent unless it receives timely payment for its goods and services. Ohio law provides for creditor’s rights litigation so that businesses can seek payment for what is owed to them. Debtors also have legal rights, though. Businesses, generally...
It takes a lot of hard work and dedication to build a business. Keeping it competitive in today’s market can be another challenge altogether. This is why businesses need to make sure they are taking the steps necessary to protect their interests as comprehensively as...
Each day businesses throughout Ohio enter new contracts or choose to extend agreements that they have with other parties. Through these contracts they may hire new employees, secure services or goods from new vendors, buy or rent buildings for their operations, or...
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,...
To most of us the term “arbitrage” sounds vaguely familiar. Arbitrage, as a noun, is the buying and selling of things (usually securities) at a low price, and then almost immediately selling them at a higher price. In real estate arbitrage, used as a verb...
On March 22, 2020, the Ohio Department of Health Director issued a stay at home order calling for the closure of all non-essential businesses. The Ohio Department of Health's order specifically designates legal services as essential. Dinn, Hochman + Potter LLC, shall...
As is the case with other areas of law, the term lender liability actually covers a number of different types of legal claims that borrowers can make against banks and other institutions which loan money. Litigation based on theory of lender liability has gained...