As someone who operates your own small business, chances are, you have ideas, blueprints, recipes, product designs or other elements relating to business operations that you do not want falling into the wrong hands. Maybe you have a secret formula you use to produce a particular product or an exclusive list of contacts you use to conduct business, or perhaps you own a restaurant and feel it necessary to protect your time-tested secret recipes.
Many small businesses in Ohio operate as partnerships with varying degrees of formality. In fact, if you operate a business with another person and do not formally establish it as a corporation or a limited liability partnership, the law may by default treat your company as a general partnership.
You may have done everything right during the hiring process: reviewed resumes, checked references, interviewed thoroughly and so on. You put together a fabulous team for your business. Yet now you face some problems with your employees, whether it be harassment among co-workers, continual tardiness or repetitive errors in certain tasks.
If you are looking to create your own small business, it is important that you learn to recognize the various ways in which your customers, clients or what have you may be able to hold you liable. Virtually every type of small business has at least some degree of risk, and this holds true even if you do not plan to open a business where risks are clear, such as a construction entity or food service company.
Getting your new business off the ground can be an exciting yet challenging endeavor. Finding the right premises is an essential part of this process. However, before you sign off on your new lease, there are a few matters you should think about.
Perhaps your business has finally grown to the point that you see a need for employee manuals/handbooks to ensure everyone is on the same page. Congratulations on the business growth!
Owning a business is a challenge, to be sure, and it is easy to put off planning for the future. As with anything, though, getting a head start on planning is exactly what will equip you to succeed. This is especially true when it comes to determining what will happen to your business after you retire. An effective succession requires planning and research to be executed well.
Divorce is often one of the most difficult experiences a person can endure, and this is doubly true for business owners. If you are facing divorce and worried that the settlement process may dismantle your business, you must make some very difficult choices and act decisively.