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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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...
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...
Choosing a business structure
When someone goes into business, they must make many decisions, including the type of structure they want for their business. The most common business structures are LLCs and Corporations. They have similarities and differences, but the differences are significant...
What is mediation?
Mediation is a form of alternative dispute resolution (ADR) facilitated by a neutral third party. Unlike arbitration, a mediator does not make decisions for the parties but rather provides a structured and task-oriented procedure that allows the parties to focus on...
Should your business contracts include an arbitration clause?
Most business contracts today include an arbitration clause that addresses whether a dispute, such as a breach of contract or a disagreement between the parties, will be solved in court or arbitration. Arbitration is an effective alternative to litigation for business...
What are my options for handling a bad business partner?
Initially, you and your business partner were ready to take your industry by storm. You discussed your company's potential and were prepared to give everything you had to the business. Now that some time has passed, the story has changed. Rather than an enthusiastic...
Importance of businesses having good counsel in Ohio
The pandemic has affected everyone. In these uncertain times, it is especially critical to have access to accurate and dependable knowledge of business basics, including contracts, as businesses begin to rebuild and restart their operations. Effects of the pandemic As...
Things to keep in mind when starting a business in 2023
The past few years have presented a roller coaster of challenges for new and even well-established businesses. Remnants of these ongoing issues will likely be dragged into 2023, in addition to emerging and worsening situations like the climate crisis. Here are a few...