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Cincinnati Business and Commercial Litigation Legal Blog

What are some advantages to incorporating an Ohio business?

You're ready to achieve your dream and start your own business. There's so much to do and so many plans to make.

You're picking the inventory you'll order. You are negotiating the lease for your space. Excitedly, you tell your friends about your plans. Then one throws you a curve ball.

Contracts may help after finding the right business suppliers

As you start your business, you likely spent a great deal of time deciding who you wanted to bring in as a partner or for some other role that you would work with closely. This type of approach is a wise one as you do not want to cause unnecessary issues by hastily entering into business relationships. This care should also be taken when you consider the suppliers your company may work with.

Even if you have a considerably small business, you will likely need to work with vendors or manufacturers in some way. Therefore, you will want to make sure that you do not get duped into a business relationship that ends up more harmful than beneficial. Fortunately, many factors could point to a strong potential candidate.

What is a founders' agreement and why do you need one?

When you start a new company, it is very important to make sure that all of your legal paperwork is in order. This includes things like nondisclosure agreements, articles of incorporation, shareholder agreements, employee contracts and much more. Obviously, the specifics differ from one business to the next; for instance, a business without shareholders or investors needs less paperwork than one that has both.

One document to consider is a founders' agreement. What is this and why do you need it?

4 reasons heirs might challenge a will

For many people, the first step in estate planning is simply writing a will. As important as this is, that will may not stand up in a court challenge if your heirs contest it. Below are four different reasons they may do so:

There's a newer will

Tips for finding the ideal business partner

When starting a new business with someone else, much of your potential for success hinges on whether or not you can find the right business partner. Trust your gut.

You need the perfect person for the job. Here are a few tips on how to find them:

  • Work together first: If possible, spend some time on other jobs, perhaps as co-workers or even in a volunteer capacity. Get to know the person's work habits. See him or her in action before going into business together.
  • Avoid someone looking to "get rich quick." A business takes work, it takes time and it takes dedication. Someone who thinks you can just get rich overnight may burn out on the idea far too quickly or take unneeded risks. Make sure you both understand what it will take and that you're both dedicated.
  • Spend leisure time together: Take a vacation. Take up a hobby. Even something as simple as going to the gym together twice a week can give you time to connect. Forge that relationship in other ways before you turn to your career.
  • Find someone with the same goals and the same values: You do not have to be identical, but you need to be compatible. You need to have the same vision for your company. When these things align, then you can truly work together toward that end.

Tips for preventing employment discrimination

Employers are required to do everything possible to prevent employment discrimination from the minute they declare they are operational. When employers discriminate against their employees for whatever reason they can face lawsuits from employees and from the Equal Employment Opportunity Commission (EEOC). Here are some tips for preventing employment discrimination in Cincinnati.

Companies of all sizes should have strong policies in place that show everyone how serious employment discrimination is and how it will not be tolerated in the least bit within the organization. This policy needs to have a process outlined that allows people to report possible discriminatory actions.

Forming an Ohio hairdressing business

Starting a new business can be a very exciting move, and while it can feel like a dream at first, you will quickly come back to reality when you realize the administration that is involved.

But the process of starting up your hairdressing business in Ohio does not need to be overwhelming. By following some simple procedures, you can easily start to make progress in finalizing your business plan and forming this new chapter of your life.

Your choice of structure is important for your business

At the beginning stages of owning and operating a small business in Ohio, there are various financial and legal decisions you will have to make. One of these choices is determining which type of structure is most appropriate for your business. This choice depends on your goals and the type of business you want.

Identifying the right type of business structure is not an easy process. It can be tough to make important choices that will have a direct impact on your business for its duration, but you do not have to make these decisions on your own. Many business owners find great benefit in seeking experienced guidance for the formative stage of their company.

How to start a business with your spouse

Have you always wanted to go into business for yourself? Do you have a stable of good ideas that you are itching to try on the Cincinnati market? Is your spouse going to be involved in the business? If so, you need to know how to go about starting a business with your spouse so you can properly set it up and not run into any issues.

The first thing you must do is set some boundaries and expectations. Start with some small projects you can work on together so you can get a feel for working with each other. If you cannot stay out of each other's hair working on small projects, it's likely running a business together will not be a good option.

Why consultants should use a contract

Are you one of the many people out there forging a new business path through freelance work? Creative consultants of all different sorts are taking their highly-valuable skills and trading on them for independence from the traditional nine-to-five job.

However, that means that it's on you to protect yourself and your career through the appropriate agreements. Working without a contract is a little like working on a high wire without a safety net. There's nothing to fall back on in a crisis.

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