Forming a new business is about a lot more than simply filling the right paperwork with the Ohio Secretary of State. One of the most important decisions you must make when creating a new company is choice of entity. A successful company needs the right legal foundation. There are several options available, including sole proprietorships,… Read more »
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Estate Planning: Are Handwritten Wills Valid in Ohio?
A will is a core part of virtually every effective estate planning. It is a legal document expressing a person’s last and final wishes, which ensures their desires are carried out. To be legally valid, a will must conform to certain basic characteristics. This raises a question: Is a handwritten will valid in Ohio? The… Read more »
Business Law in Ohio: What is the Uniform Commercial Code (UCC)?
The Uniform Commercial Code (UCC) is a set of universal laws governing most commercial transactions involving the sale of goods in the United States. If you own or operate a business, it is helpful to have a basic understanding of what the UCC is and how it operates in the modern world. In this article,… Read more »
Estate Planning: Your Guide to Health Care Directives in Ohio
A proper estate plan is about far more than figuring out what happens to your property, assets, and liabilities when you die. An estate plan should be used to ensure you are fully protected in the event you are unable to make your own decisions. A health care directive is often an important part of… Read more »
Power of Attorney in Ohio: Dispelling Four Common Myths
Power of attorney is one of the most important estate planning documents. According to the Ohio State Bar Association, a power of attorney allows you to appoint someone to act on your behalf in the event you are unable to do so. You are vulnerable without a legally valid power of attorney in place. As… Read more »
Dissolving a Corporation in Ohio: What You Need to Know
There may come a time when it makes sense to bring a corporation to an end. Even great businesses sometimes have an expiration date. In Ohio, there are strict rules and procedures that must be followed when dissolving a registered corporation. A company that fails to follow requirements could run into serious problems — potentially… Read more »
Estate Planning in Ohio: What You Need to Know About Debt
Do you have a considerable amount of personal debt? If so, you are far from alone. According to the Federal Reserve Bank of New York, Americans collectively held $14.5 trillion in household debt in the Fourth Quarter of 2019 — a number that has been rising in recent years. Dealing with the outstanding debt and… Read more »
Is Your Small Business Facing a Lawsuit? Here are Four Steps You Need to Take
Small businesses are the backbone of Ohio’s economy. According to the Small Business Administration (SBA), there are nearly 950,000 small businesses in our state. Last year, Ohio’s small businesses created nearly 70,000 new jobs. Owning and operating a company brings more than its fair share of challenges. As a small business owner, one of the… Read more »
Why Marriage is a Good Idea
Two, three, four times a year I receive the following phone call: “Hi. My name is _________. My boyfriend/girlfriend just died. We lived together for 20 years and now their child/brother/sister/parent has served me with eviction papers! Don’t I have a right to live in this house I shared with my boyfriend/girlfriend for the last… Read more »
Ohio Estate Planning: What is a Special Needs Trust?
Many individuals with special needs receive benefits and services through state and federal programs, including Medicaid and Supplemental Security Income (SSI). As these are both needs-based government programs, a person who has too much cash, property, or other financial assets could lose their eligibility. Preserving eligibility for a loved one with special needs is a… Read more »