Planning for management succession is one of the most important steps a business owner can take to ensure the long-term success of their company. In Ohio, effective succession planning not only preserves the value of your business but also aligns with the state’s fiduciary duty standards. Ohio’s fiduciary duty standards require fairness, transparency, and accountability… Read more »
When planning for the future of your business and estate, buy-sell agreements play a critical role. These agreements are legally binding contracts that outline how ownership interests in a business are transferred in the event of death, disability, retirement, or other triggering events. Without a well-drafted buy-sell agreement, disputes among co-owners, family members, or heirs… Read more »
Do you know what would happen to your business if something happened to you or another key decision-maker? If not, it is time to review your business continuity plan — and business succession planning is a critically important part of the continued operation and long-term success of a small or mid-sized company. Here, our Cortland,… Read more »
Small businesses and entrepreneurial endeavors make up the majority of our country’s economy. There are almost 28 million registered small businesses in the United States, and they have generated over 65 percent of the net new jobs since 1995. People put years of their lives into growing their businesses, but only a small fraction… Read more »