In its most basic form, a contract is an agreement by two or more parties that is binding on all parties. In some cases, a party may agree to do something that it otherwise would not be obligated to do. In other cases, a party may not do something that it is otherwise...
When you are considering opening a business and striking out on your own, it is vitally important that you take the steps necessary to help ensure it is formed correctly and that the business plan is sound. As you are most likely aware, many new businesses fail, and...
The name used by a business may be descriptive of the enterprise or reflective of the individual forming the company. In some cases, an entrepreneur will have a great idea for a business name before issues such as financing and the choice of entity form are finalized....
Ohio businesses may find that establishing an unsecured loan may cost more interest rates and may be harder to establish than a secured loan. An unsecured loan might require that the individual is extremely credit-reputable in order to be approved. Many entrepreneurs...
Ohio business owners may benefit greatly from projecting their strong vision for the future of their company into a centralized business plan. While business plans were originally intended to unify all aspects of a company toward success, their role in business...
A large Ohio office park was sold to a Canadian investor group on Dec. 23. Summit Office Park, located in Independence, was sold to Summit Cleveland LP for $26.5 million. The prior owners, Aegon N.V., had owned the commercial real estate since 2009. Located on Summit...
In the course of any business, shareholder disputes may arise between those who hold minority and majority stakes in the company. This often occurs as a result of decisions taken by management or a board of directors. Contrary to the wishes of minority shareholders,...
Ohio business owners may face a situation of a business partner who is not performing well. There are alternative actions that can be taken so that the non-functioning partner is not an impediment to the success or growth of the business. The available steps could be...
Businesses engaged in the selling of goods often enter into sales contracts with buyers. These contracts are formed when a business agrees to supply goods to the buyer by a certain time, and the buyer agrees to pay money in exchange. Sales contracts are legal...
An important decision that all Ohio business owners have to make is how to structure their entity. The legal structure that a person selects for their business will have a dramatic affect on taxes, liabilities and paperwork requirements. Some of the most common...