Businesses must make money to stay profitable. Credit is one thing that makes it possible for Ohio businesses to make money. Very few enterprises are able to operate by demanding or paying cash up front in full for all goods and services, especially when they are...
Month: November 2020
Home seller disclosures in Ohio
A residential home sale or purchase is often the single largest transaction in a person’s life. In addition to being the biggest expense in most family budgets, a home is where a person lives and raises their family. When a home buyer discovers problems with a...
What should you do if you think a trustee is stealing from you?
An inheritance left to you by a loved one can provide you with a financial lifeline and the long-term stability that you’ve hoped for. Yet, if your loved one left you part of their estate through a trust, you might feel a little uncomfortable with someone else, i.e.,...
What are my options if I don’t like a court outcome?
Usually, an Ohio business in a legal dispute will be able to appeal a court decision with which they do not agree. An appeal can be a critical part of a business’s overall legal strategy. An unfavorable decision after a trial or hearing can cost a business dearly if...
Eminent domain can make you feel like you own nothing
Do you have a favorite jacket? Maybe you inherited it from your father or grandmother. What if, one day, you are walking down the street, and a random person walking down the road offers you $100 for it? They show you three recent online sales where it sold for $95,...
Understanding how the IRS sees business entities
One of the first issues you must solve when crafting your business is the form of business entity your business will take. This will determine the amount of personal liability you take on, and the amount of income tax you pay. And, it is the latter on which this...
Are relocation costs added to compensation for eminent domain?
Ohio property owners might believe the laws for eminent domain are unfair. However, once the decision is made for a federal, state or local agency to take over a person’s property through the process and the objections have been lodged and denied, it is important to...
Basic steps in an eminent domain proceeding
Ohio residents under threat of having their property being taken through eminent domain likely have plenty of questions. The concept of eminent domain is relatively unfamiliar to many people, until they are forced to deal with it. Eminent domain is a process in which...
Dealing with eminent domain in Ohio
You may have heard the term "eminent domain" at some point. In Ohio, as well as in the rest of the United States, eminent domain allows the government the ability to take your property away. That can happen whether you wish to sell your property or not. However, you...
Mozzarella giant fights off family lawsuit
Partnership disputes and other legal disagreements within management can derail any closely-held business. When that business is held by an Ohio family, they can threaten to tear a family apart. Recently, a court ruled in favor of the cheesemaker giant Leprino Foods...