In the complex and multifaceted process of selling a business, the initial deal-specific document a buyer may present to a seller is typically an Indication of Interest (IOI) or a Letter of Intent (LOI). Understanding the differences between these two documents is...
Financial powers of attorney can be important estate planning tools, allowing individuals to designate an agent to make financial and legal decisions on their behalf in the event of incapacity. Under Ohio law, properly drafted financial powers of attorney may help...
Beneficiary designations play a critical role in estate planning, allowing you to direct certain assets to specified individuals or entities upon your death outside of a will. This blog post will examine how beneficiary designations operate in Ohio and why the proper...
Advanced healthcare directives, such as living wills and healthcare powers of attorney, are important legal tools that allow individuals to plan for medical decision-making in the event of incapacity. Under Ohio law, properly drafted advanced directives can help avoid...
Planning for the financial future of a loved one with special needs is a crucial aspect of caregiving. Special Needs Trusts (“SNTs”) are powerful tools designed to safeguard the financial well-being of individuals with disabilities while preserving their eligibility...
Exit planning is a process for business owners considering a sale or a succession plan for their business. An exit planner specializes in helping business owners develop and implement a strategic plan to exit their business seamlessly. The succession plan typically...
Employers and lawyers spend a lot of time focusing on state and federal employment laws. Still, we often forget that counties and municipalities also have employment laws that may impose different or additional business requirements. This is true in all states and is...
Getting Started The owner(s) of a business eventually discuss with their family, key advisors, or others they trust and respect that it may be time to sell It. The average owner will not know what their business is worth, so a starting point is often getting a...
Estate planning is an important consideration that everyone could benefit from. For those with an existing estate plan, it should be revisited every several years or sooner if there is a significant life event such as a death, divorce, or marriage in the family, to...
Overview. The Federal Trade Commission has issued its long-anticipated Rule banning non-compete agreements. The Rule prohibits all non-compete agreements except agreements with Senior Executives, as defined below, entered into before the effective date of the Rule....
