For family businesses in Ohio that remain in the hands of their founders, it can be particularly important to consider succession planning. For example, over 12 million businesses across the country are privately owned by members of the baby boom generation, some of...
Business Law
Protecting trade secrets with nondisclosure agreements
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...
Getting an SBA loan
Many entrepreneurs in Ohio run small businesses. In some cases, an owner might realize that he or she is going to need more capital to grow a business. While there are a variety of financial options that can work for this purpose, one of the most coveted is the Small...
What to cover in your Ohio partnership agreement
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...
3 benefits of having an employee handbook
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...
Acquiring funding for startups is easier than ever
Plenty of working professionals, whether in Ohio or Silicon Valley, dream of having their own startup and the autonomy that comes with it. Although they feel inspired when they hear stories of small startups that later grew on to be thriving businesses, such as...
Choosing a business structure that limits personal liability
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...
Talent, networking and sales essential for new business success
Entrepreneurs in Ohio understand that they will need to work hard to transform their ideas into commercial successes. Long hours alone, however, will not suffice to help someone break out in a competitive environment. Entrepreneurs need to gather effective team...
Difficulties with obtaining venture capital
Ohio entrepreneurs may have trouble with finding venture capital for their startup businesses. Aspiring business owners may face several limitations when they are searching for capital funding. Fortunately, there are alternatives that people can use to get their...
Tips for writing employee manuals/handbooks
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! Of course, preparing such a document can seem daunting. Your concerns may be what to...