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Business Formation Archives

Avoid these common mistakes when drafting an operating agreement

During the business formation process, entrepreneurs must select a structure for their companies. As you may already know, there are many benefits to forming a limited liability company (LLC). Cincinnati business owners who choose this structure must also create an operating agreement.

How to avoid common employee-related legal issues

If you're in the process of starting a business, you probably know that one lawsuit can seriously impact your bottom line -- and possibly even put you out of business. Many of these lawsuits can be avoided by following the law and having processes in place to deal with issues before they end up in court. That's why it's essential to have experienced legal guidance from the beginning.

Seek guidance when choosing a structure for your business

Consider the following scenario: You have been working on a new Ohio business for some time. You have researched many different aspects of your business from making sure you have customers to choosing the right location for your office. You feel ready to put your plan into place until you discover that you have to decide how to structure your new enterprise.

What are some incentives for starting your own business?

You know all about the personal incentives for starting your own business. You get to be your own boss. You get to set your own hours. You get to do something that you love. As the business grows, you really set yourself up for the type of success that you could never find if you were working for someone else.

There are many pros to setting up a limited liability company

One of the most difficult things to do as a business owner is to make a decision as to what type of entity you want to incorporate as. Setting up a limited liability company (LLC) is the go-to choice for many entrepreneurs. They appreciate how easy it is to set one up, how it provides them with built-in liability protection and the tax benefits it affords.

How do internal versus external corporate structures differ?

As your Cincinnati company grows larger, it's easy for its leadership to lose track in managing all of its obligations. That's why it's important for there to be a corporate governance structure to be in place to help you manage internal and external aspects of your Ohio business.

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