As Ohio businesses grow, many company owners may believe they have reached a point where acquiring another company is feasible. A business acquisition could have various benefits, such as allowing for growth, breaking into a new market, decreasing competition and…
Running a business involves going over numerous minute details. Some Ohio business owners may feel that some of the aspects of running a company are tedious, but they likely also know that even the most minor detail could have major…
Are you thinking about a change of ownership of your company? If you are, start preparing now, even if you’re not planning to leave immediately. A change in business ownership can be a sensitive matter for employees as well as…
Letting an employee go is challenging for everyone involved. With such a life-changing event, many in the business world feel it is prudent to be as open, honest, and prepared as possible for the way the terminated employee might respond…
Family relationships are challenging even in the best of times. During a major transition such as transferring ownership or control of a family business to the next generation, misunderstandings and poor communication can derail the best intentions and plans. A…
Are you thinking about starting a business with another person? If you are, you’ll need to set up specific contracts such as a partnership agreement. They’re necessary even if it’s your spouse, a relative, or friend who’s going to be…