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...
Business Law
Businesses and estate planning
Ohio business owners should have certain documents on hand in the event certain decisions regarding their company have to be made in the future. These documents, which can include a living trust, a financial power of attorney and a last will and testament, will help...
3 legal pitfalls of downsizing your company
Every business owner knows that the economy fluctuates. No matter what industry you are in, you can expect times of great profit and periods that are sparse. In some cases, the latter will necessitate action. You may need to cut costs in order to maintain your...
Start-up company funding not limited to traditional loans
Start-up companies often have variety of capital needs, including investments in equipment, software and office space. Would-be entrepreneurs in Ohio likely wonder where all the money comes from that is needed to grow the profitability of a business. In only 8 percent...
Using retirement savings to finance a new business
Gathering the funds required to launch a new commercial venture is often challenging for Ohio entrepreneurs. Banks are generally reluctant to lend large sums when borrowers are unable to prove that they have a steady and reliable source of income, and most business...
You must take quick action to protect your business in divorce
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...
Common small business accounting errors
As a small business owner, you may find yourself pulled in multiple directions at once on a daily basis. Given the weight of your responsibilities, it can prove difficult to become an expert in all aspects of your business, but understanding how to manage your...
Venture capital is distributed unevenly geographically
People in Ohio who want to start a small business may have a harder time finding venture capital investors than if they lived in large coastal cities. A report found that for every dollar spent by venture capitalists, 46 cents of it goes to Silicon Valley. Boston, New...
What should you include in non-compete agreements?
Running a business of any size is an incredible undertaking. Not only will you need to worry about how to make your business a success, you will also need to organize and manage your workforce. These two priorities can clash at a certain point, and unless you take...
What to include in a non-compete agreement
If you are a business owner, you may be considering implementing a non-compete agreement for your employees. An effective agreement protects the employer and prevents an employee from leaving and using information gained through previous employment to set up a...