According to the Ohio Secretary of State, the Uniform Commercial Code acts as a comprehensive set of laws that governs all commercial transactions in the U.S. This is not federal law, rather it is a uniformly adopted state law. Since the UCC is universally adopted,...
A breach of contract occurs when one legally bound party fails to abide by the terms of a valid agreement. The parties may settle the matter among themselves or through a lawsuit filed in an Ohio courtroom. Types of breaches There are different types of breaches and...
Running a business in Ohio can be incredibly rewarding, but it also carries a certain amount of risk. Disputes between partners can arise for many reasons and can quickly become costly when left unresolved. Therefore, being proactive in dealing with your...
If you run a small business in Springboro, Ohio and have others work for you, you’ve likely completed a 1099 form while doing your taxes. This can be a complicated and frustrating task that can cause some people to make mistakes. In fact, a 1099 form is not designed...
Business owners in Ohio often enter into relationships with vendors or sales persons for the purposes of conducting business together. Many of their transactions are spelled out in detail to ensure that the both parties fully understand their obligations and...
If you’re a business investor, you probably don’t want to put money into an Ohio company that is in trouble. Understanding some of the obvious signs that a company is going through financial turmoil may help you to avoid making a costly mistake. Here are three signs...
In Ohio, business law states how contracts should be created, managed, and maintained. Many companies enter into contracts regularly but company owners may not understand the rules that they're bound to. In 2021, a new contract law provided an update to the statute of...
One of the most important assets for a business owner is their intellectual property. Intellectual property can refer to inventions, designs, symbols, images and brand names. Unfortunately, some people and companies try to use other people's intellectual property and...
Ohio entrepreneurs who are forming new business partnerships each day will need to construct partnership agreements. Such an agreement helps to identify how the new business will be run and who is responsible for what. While these partnership agreements don't have to...
When you have a partner in your business in Ohio, there may come a time when a business partner wants out. If your partner wants to end your business relationship, it can affect the other partners and the business. There are a few reasons to consider dissolving the...