Few components of employment contracts are more controversial than noncompete agreements. Companies ranging from fast food businesses that only pay minimum wage to startups hiring executives often demand that employees agree not to compete with the company in the...
Business Law
What business owners should know about succession planning
You had a dream 15 years ago to launch your own IT consulting business and see it grow. Now, you’ve achieved that goal and are nearing retirement. You’re beginning to think about what will happen to your business in the future. Should you step down from your business...
Ohio Insurance Coverage Issues Present in a Loss of Income Claim When a Business Has a Known Exposure to COVID-19
Many businesses in Ohio are suffering from a loss of business income due to events relating to the COVID-19 global pandemic. Dozens of articles have been written about the insurance coverage issues present when a restaurant or other “Non-essential” business closes...
Business Owners: Consider How Best to Protect Your Confidential Information in a COVID-19 World
For those without well-established virtual business practices, the fallout from the COVID-19 disease has been a real wake up call. Most states have enacted state-wide lockdowns and are looking to slow or halt interstate travel altogether. With employees increasingly...
When Non-Compete Agreements Fail in Ohio
While non-competition agreements are legal in Ohio, they are scrutinized carefully by the courts. Such restrictive covenants are lawful if the restraints are reasonably necessary to protect the employer’s legitimate business interests. Each covenant must be analyzed...
Types of business disputes that can lead to litigation
When a dispute arises between a business and another entity – be it a separate business, an individual or another group – there are a few ways to approach a resolution. Mediation might be one method, for example, or arbitration. But in some situations, those avenues...
Business Law Cincinnati: Tax Planning Strategies Under The New Tax Cuts And Job Act
The new tax law fundamentally shifted the taxation of businesses by making three significant changes: Decreasing the corporate income tax rate, Creating a new deduction for certain qualified business income (QBI) from pass-through business, like LLCs, partnerships,...
Business Law Cincinnati: Tax Planning Strategies Under The New Tax Cuts And Job Act
The new tax law fundamentally shifted the taxation of businesses by making three significant changes: Decreasing the corporate income tax rate, Creating a new deduction for certain qualified business income (QBI) from pass-through business, like LLCs, partnerships,...
Ohio Asset Protection Planning: Four Ways To Protect Yourself From Lawsuits
by PJK It seems like nowadays anyone can sue anyone for any reason. This seems to be especially true for those individuals who work in high risk professions, such as being a doctor, lawyer, engineer or architect. The risk of being sued can be even greater for...
Estate Planning Cincinnati: Funding Your Trust
ESTATE PLANNING CINCINNATI: FUNDING YOUR TRUST Posted on – 09/25/2017 by PJK Estate planning is the process of preparing documents to plan for the incapacity and death of an individual. Incapacity planning allows an individual to appoint family members or close...
