Both the Office of the Comptroller and the Federal Reserve have recently been scrutinizing the commercial real estate lending practices of U.S. banks. As a result, some of these financial institutions have drastically cut back on their portfolios, leaving developers...
Month: September 2016
State cybersecurity initiative to help Ohio businesses
In the wake of Yahoo's catastrophic data breach, business owners across the country are evaluating the strength of their own digital protections. Ohio business owners will soon have some additional help from the state, Attorney General Mike DeWine announced this week....
Ohio liquor laws loosened to allow high-alcohol beer
Across the country, the explosion in craft breweries and distilleries has created increasing pressure for more lenient state liquor laws. The latest expansion in Ohio allows high-alcohol beer (over 12% alcohol by volume) to be made and sold in the state, thanks to a...
First steps in the probate process
When a person in Ohio dies before planning their estate, the surviving family members usually have to go through probate court in order to settle the estate. The family member who is chosen to act as the estate's personal representative will have to apply for the...
Using trusts for spendthrift children
In some Ohio families, an adult child may not be good at handling finances. This may leave the parents concerned about their child squandering the assets that they leave. It is possible to pass assets to an adult child in a manner that will prevent the mishandling of...
Financing difficulties and hard money loans
Commercial real estate investors in Ohio likely understand that determining whether or not it is worthwhile to pursue a particular project may largely depend on the financing. In some cases, financing may be difficult and at a critical point, leading developers and...
Zoning violations and complications can be bad for business
Imagine you are a retail business owner here in Ohio. You have been operating your business for several years and you are ready to expand. You decide that you are going to add a small cafe to your retail space, allowing customers to spend more time on site and try out...