In the world of business, contracts are the foundation of any successful partnership. However, a poorly drafted or misunderstood contract can lead to disputes, which may ruin business relationships and finances. If you are a business owner, why must you know the...
Month: May 2024
Can you appeal a property tax valuation in Ohio?
Are you stunned by your property tax bill? In Ohio, many homeowners and businesses question the value placed on their property every year. But what can you do about it? The good news is that you do not have to accept the valuation at face value. There are options...
Six tips for talking to your parents about estate planning
Are your parents getting older? If so, are you worried about whether they have an effective estate plan in place? It’s a concern that many adult children have for their aging parents given that an estate plan not only affects the distribution of one’s assets, but also...
Can you get help from the government for displacement?
When the government knocks on your door with plans to take your property, it can feel like your world is turning upside down. Eminent domain projects often leave families and businesses scrambling to find new homes or locations. However, the government offers...
Protecting your business from lawsuits
Ohio business owners know that a lawsuit can spell disaster for their business. Between the cost and time involved in litigation and the potential damage to business reputation, even one lawsuit can mean the difference between the ultimate success and failure of your...
What qualifies necessary public use?
One fundamental factor in eminent domain is that the taking of property meets the threshold under state law for “necessary public use.” As the owner weighs their strategy and decides whether to fight the seizure or simply move forward and accept it, this is a major...
What is a 1031 like-kind exchange?
If you are in the business of buying and selling real estate for investment purposes, you will likely hear about the advantages of a “1031” or “like-kind” exchange at some point. A like-kind exchange, often called a 1031 exchange, is swapping one piece of real estate...
Is it possible to buy a parcel of land without access?
When you are buying a land parcel, there are a lot of concerns you may have about the land itself. One thing you may not think about is access: Will you always be able to access the property? Is it even possible to buy a land parcel in Ohio that you cannot actually...
What is just compensation in an eminent domain proceeding?
Eminent domain occurs when the government takes a piece of private land for public use. While you have the right to defend yourself against an eminent domain proceeding, you may also choose to accept the compensation offered to you by the government for giving up your...
What is a limited liability company?
If there is one thing that holds people back from starting a business in Ohio, it is probably this overriding thought: Where do I begin? You may have an idea for a successful business, and you may even have potential investors lined up. But, getting the formation of...