Entering into a business partnership is much like getting married. It is crucial to know who one is joining forces with. Sometimes, partners go into business together filled with optimism and ready to take on the world, only to find that they have very incompatible...
Business Law
4 Reasons to have competent counsel during a business transaction
When you own a business, there are many complex legalities that can arise. For this reason, hiring competent legal counsel to guide you through business transactions can simplify processes and reduce obstacles. 1. Be certain you do things correctly One of the top...
Trade dress is a valuable corporate asset that needs protection
Competing in an ever-crowded marketplace requires both quality product or service and effective marketing. Savvy business owners understand the importance of packaging their offerings in an easily identifiable or iconic way. Trade dress is everything that makes a...
What is the Fair Labor Standards Act?
Ohio workers like you deserve a workplace environment where you can feel safe. This extends to all aspects of the job, including the labor you provide, the profit you make and safety standards. To reach this end, several laws are in place to protect your rights as a...
What should employers know about the Equal Pay Act?
Decisions regarding compensation for employees’ work generally fall to their employers. However, the federal Equal Pay Act institutes certain requirements with regard to how employers pay male and female workers in the same roles. As an employer, understanding your...
3 effective strategies for preventing contract disputes
Contract disputes are quite common in business, but they also cost today’s business owners considerable time and money. Part of the reason contract disputes are so common is because the contracts themselves may leave things open to interpretation. Thus, exercising...
How can you become a more ethical leader?
In business, employees learn what your company expects from them by how you behave. You should be the one to display acceptable behavior. To have a more principled company, Forbes suggests that you demonstrate the following ethical behaviors. Stay accountable and...
3 essential due diligence questions about technology and information
Due diligence checks are one of the best ways to protect your company when buying another business. In today’s market, technology is an increasingly important part of these checks. What questions should your due diligence check answer about a company’s technological...
What do you know about filing taxes as a small business owner?
While it is great to have your own business in Ohio and work as your own boss, handling taxes is not one of the more exciting aspects of working for yourself. Despite that, you must know the proper way to file your taxes and reduce your tax bill. Before the next tax...
How implied covenants may cause a breach of an oil and gas lease
How can a court rule that one party in an oil and gas lease is in breach of contract when the supposed terms breached are not actually in the contract? The answer lies in the legal concept of implied covenants, which are agreements that contract terms suggest but do...