If you are a co-owner of a business, at some future point, you may be chomping at the bit to break your contract with your business partner. It could be due to a breach of the terms or a failed relationship between the parties. But the root cause of many a failed...
Business Formation
Costs business owners have to consider when launching a startup
Most entrepreneurs are so consumed with starting their own company that they fail to stop and consider all the costs that are involved in getting their business off the ground. One of the most costly expenses a startup company faces right off the top is equipment...
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...
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...
New business filings are poised to set record in 2018
Ohio's economy suffered through the last decade, as the period known as the Great Recession took hold of the assets and investments of working-class Americans. The rate of foreclosures on homes and layoffs in different industries left many Buckeyes less able to...
One significant advantage of an LLC
When starting a business, it's important to carefully consider exactly what type of business you want to run. One of the more popular options these days is the limited liability company (LLC). Now, there are many factors you have to consider when deciding if an LLC is...
Incorporation can be beneficial for your Ohio business
You run a small business in Ohio, and things are going well. You can make payroll for your few employees, keep the inventory stocked and pay yourself too. Friends have recommended you should incorporate your business, but why? Things are good. It certainly is...
Advice for starting your new company
Starting a new business sometimes makes you feel like you need to run forward with the idea as fast as possible, using your momentum to take the company off the ground. This enthusiasm is good, but it is wise to slow things down a bit and make sure you do it the right...
Be careful about entering into a quick business partnership
If you're thinking about starting a new business with a partner, you need to make sure you do not move too quickly. This isn't something that you want to rush into. After all, people often start companies with close friends, co-workers and even family members. Some...
Benefits of a limited liability company you may not have known
Everyone knows that a limited liability company, or LLC, offers benefits to the owners that protect them from personal liability, in the event the business incurs more debt than it can afford to pay. In fact, this is the primary reason why many business owners seek to...