Real estate investors in Ohio are seeking to profit on their investment and keep as much money as possible shielded from taxes. This is a wise decision and it is perfectly legal. One way in which this is frequently done is through Section 1031. Known as a like-kind...
Late last year, the Internal Revenue Service (IRS) said it planned to increase small business audits by 50% in 2021. That came at a time when most small businesses were reeling from the effects of the pandemic. While audits are never welcome, and it was the last thing...
Businesses face financial challenges all the time. Markets change, the cost of supplies goes up, and consumer needs may shift. All of this could leave your business struggling to adapt and find a profitable way forward. But this can be hard to do when creditors are...
Eminent domain might sound like an unusual law in Ohio and throughout the United States. People are under the impression that property ownership rights are one of the foundational aspects in the nation. However, federal, state and local governments have the right to...
Commercial real estate transactions in Ohio can encounter complexities that make them very different from the purchase or sale of a home. Whether it is for an expansion of current operations or the initial plunge of a new startup, it is important to know the steps...
When Ohio residents are notified that their property will be subject to an eminent domain claim, they are almost certainly being drawn into the issue involuntarily – and perhaps with little notice beforehand. Yes, road improvement projects and other public works are...
A well-negotiated contract can put your mind at ease while ensuring that you have business operations that fall in line with your vision. In other words, they can provide you with a significant amount of protection. This is especially true because the parties to a...
Downtown Toledo has many buildings that are either abandoned or mostly vacant. While the structure may be obsolete, the land still has significant value, especially if it can be repurposed for a use more in keeping with today’s real estate and commercial market....
As is the case in other states, Ohio law allows contractors and subcontractors to record and then enforce a mechanic’s lien on property on which they perform work. The idea behind the mechanic’s lien statute is to make sure that those in the construction industry get...
In spite of the economic bust that 2020 brought many American business owners, there was a concurrent startup boom that has left economists both bemused and optimistic. According to a study released this year, U.S. entrepreneurs filed 4.4 million business formation...
