Contract breaches can cause a host of challenges for a company depending on a service provider, outside professional or vendor. Sometimes, it is possible to settle a breach of contract matter amicably, but other times, contract breaches lead to litigation. The party...
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Toledo Real Estate And Business Law Blog
Considerations to think about during property division
During a divorce in Ohio, a state that follows equitable distribution laws, the division of property requires careful consideration of several factors. One of these is determining the status of the property. Marital property, which is divided in property division,...
What are the benefits of an LLC?
Starting a business as a limited liability company (LLC) offers numerous benefits, making it a popular choice for many entrepreneurs. An LLC is a flexible form of enterprise that blends elements of partnership and corporate structures. This business entity is...
3 types of clauses to include in a vendor contract
Healthy vendor relationships can have a major impact on a company's operations. An executive or business owner may spend many hours researching the best vendor options and far longer cultivating good relationships with specific vendors. Vendors can supply unique...
How can joint business owners effectively navigate a divorce?
The fate of a family business during a divorce can vary significantly based on several factors, including the nature of the business, owners’ goals and the value of the marital estate as a whole. Some married business owners use prenups or postnuptial agreements in...
Why Ohio property owners shouldn’t ignore boundary issues
Property owners in Ohio generally invest quite a bit in the real property that they purchase. Whether they own rural acreage for agricultural purposes or a small residential plot in the city, every square foot of property ultimately contributes to the value of their...
When should a sole proprietor consider an LLC?
Starting your own business is a milestone that results in its own set of joys and challenges. As a sole proprietor, you might enjoy the simplicity and direct control you have over your business. However, there may come a time when you might need to consider...
Ohio spouses can pursue dissolution instead of divorce
Most adults in Ohio recognize that divorce can be a messy, emotional and very expensive process. They may have witnessed their parents' divorce years ago or watched close friends go through family court to settle property division disagreements and custody disputes....
You and your soon-to-be ex can work together to sell your home
One of the first and most important decisions for most couples considering or beginning the divorce process is what to do with their home. If you and your soon-to-be ex have decided that the best choice is to sell it and divide the proceeds (or address them some other...
When divorce is too costly to formally end a marriage
Unhappy marriages can endure for many years. The negatives have overcome the positives. Couples counseling fails to move the needle. At some point, it will be time to discuss pulling the plug on the union and exploring divorce options. Marital dissolution is a...