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Wiley & Mathews
330-470-7780

North Canton, Ohio legal blog

Changing your mind about the structure of your business

We have covered some of the different options that business owners have when it comes to the entity selection process, such as C-corps, S-corps and so on. This can be a tough decision to make and sometimes, business owners change their minds. Whether you have already moved forward with a particular business structure or are unsure if the route you have focused on is best for your business, it is not uncommon to have a change of heart. However, it is crucial to make sure that you approach the process of switching entities correctly.

If you have already incorporated your business, you may be able to change its structure. However, it is crucial to make sure that you are aware of the ins and outs of what will be required. You may also benefit from consulting a legal professional since this issue can be tricky. If you have not yet taken any action with respect to a particular type of business entity, this is a good time to make sure that you have identified the most sensible structure for your business. Fortunately, it is not too late to change your mind and move in another direction.

What are some reasons to start a C-Corp?

If you are in the process of starting a business, countless questions may be on your mind. For example, you could be unsure of which type of business entity will work out best for you. You may be thinking about some of the benefits of a C-Corp, or you could be considering taking another route. Before you move forward with a C-Corp, it is pivotal for you to have a thorough understanding of some of the benefits associated with this business structure and do what is best according to your unique circumstances. After all, every single business owner is in a unique position.

C-Corps are ideal for many business owners and this is a very common structure. Thanks to so many possible deductions, this route can be incredibly advantageous when it comes to taxes. If you are interested in having an unlimited number of shareholders, a C-Corp may be more advantageous in this regard, especially when compared to an S-Corp, for example. There are a number of other reasons why you may find that a C-Corp best suits your needs as well.

Handling a discrimination suit

Business owners may find themselves in court because of another company trying to bring down their competition or misunderstandings involving business partners. Sometimes, litigation surfaces because of employment law matters. There are many different ways in which the rights of employees are violated and there are also times when an employee falsely accuses an employer or manager of violating their rights. Moreover, these cases may involve harassment, wrongful termination or discrimination. Discrimination cases have become especially prevalent and there are many different ways in which employees experience discrimination.

A worker may be discriminated against because of his or her race, religious beliefs, gender, sexual orientation, pregnancy status or disability. Moreover, there are a variety of ways in which discrimination may take place. For example, someone may be discriminated against while they are applying for a position or when their position is terminated. Moreover, workers sometimes experience discrimination when they are demoted or denied opportunities in the workplace. It is crucial for business owners to be aware of these different examples and try to prevent discrimination from occurring.

How can I build a better relationship with my clients?

As a business owner in Ohio, your clients are integral to having a successful enterprise. Accordingly, it’s important that you forge strong relationships with your clients in the long-term, which allows for greater access to opportunities while also establishing a reputation for fair-dealing. Entrepreneur offers the following advice on how to make the relationships you have with your clients the very best they can be.

Make transparency a must

Undue influence can result in uneven inheritances and challenges

When a person goes through all the effort of creating a careful estate plan or last will, they likely do so because they have a specific legacy they hope to leave behind. Other times, they may worry about what certain family members or heirs will do with access to particular assets. That concern can prompt people to create last wills that favor one family member over others or that simply do not include equal inheritances for each beneficiary.

Regardless of why a testator breaks their estate into uneven inheritances, they could be setting the stage for a long-lasting conflict in the family after their death. Siblings could fight one another or join together to challenge the inheritance of a step-parent. For many heirs, it is common to assume that the deceased will split assets evenly among their children and loved ones. When that doesn't happen, the end result could be a protracted battle in probate court.

Resolving an inheritance dispute

When someone passes away with an estate plan, they likely want their assets to be split up among those they love and their close friends. Unfortunately, disagreements between family members and others who are included in an estate plan can lead to various challenges and may make it even harder for people to recover from losing someone they love dearly. Disputes may arise for a number of reasons and in this blog post, we will look into inheritance disputes and how important it is to resolve them properly. Sadly, some families in Ohio have been torn apart due to these disputes.

First of all, you may be looking at an inheritance dispute from the perspective of a beneficiary or as the executor of an estate. Either way, this can be a tough time. If you are a beneficiary, you may be accused of receiving property that should have gone to someone else, or you may be upset because you believe that an estate was not distributed correctly and you did not receive property that you were entitled to. Moreover, you may be the executor of an estate and you could be dealing with accusations that you did not manage an estate properly.

Handling a product liability case

Businesses are taken to court for so many reasons but in this write-up, we will examine defective products and the consequences of a product liability case. Each year, some consumers are injured as a result of defective products and some of them decide to take legal action in order to secure compensation. Sometimes, these cases are valid, but there are also instances where people falsely claim that they were hurt by a particular product, which can also damage a business' reputation. If your company is being taken to court over allegations that one of your products is defective, it is crucial to handle the case appropriately.

Product liability cases may involve defects that resulted from errors during design, or they could be due to defects during assembly or even improper labeling. When a company is taken to court over a defective product, the case can have much more of an impact than the financial penalties that may come with an unfavorable outcome in court. In fact, a company's reputation could be shattered beyond repair. In some instances, consumers may stop purchasing a certain product or they may boycott an entire company altogether. Defective products could even prompt a business to close its doors.

Reviewing some advantages of joint ventures

When it comes to making key business decisions about the direction your company will take, there may be numerous options on the table and some people struggle to pinpoint the most sensible path forward. This is a crucial time for your business and it is essential to carefully go over your different choices and make sure that you have identified the most sensible course of action before moving ahead. For many businesses in Ohio, joint ventures offer a number of benefits and we will go over some in this post. However, it is also crucial to keep in mind that there may be some drawbacks as well, so your individual circumstances should be carefully evaluated.

First off, a joint venture can help increase a firm's productivity and growth quickly. By combining the resources of two companies, joint ventures may offer two businesses the chance to pool their resources and expertise. Moreover, a joint venture can be helpful in terms of sharing risks and branching out into new markets. With this being said, there may be certain drawbacks associated with a joint venture. For example, linking up with the wrong business can lead to challenges and misunderstandings, differing objectives and inadequate leadership can all spell disaster.

Which assets are immune to Ohio intestate succession?

Intestate succession is what happens when an individual dies without setting up a will. The state of Ohio, through probate proceedings, will ultimately divide the estate that belongs to the individual and distribute it to heirs in accordance with state intestacy laws.

How does intestacy work in Ohio?

Handling allegations of trespassing

Oil and gas companies face legal challenges involving a wide variety of issues, but we will look into trespassing in this post. If you run an oil and gas firm and your company is being taken to court for trespassing, it is important to be aware of the potential consequences that may lie ahead and do what you can to protect your business. You may have a number of options related to the case and there could be unique considerations which could have a major impact on the end result of the suit. We are well aware of the pressure that many business owners in Ohio may experience when these matters arise, but it is crucial to stay focused during this dilemma.

When it comes to lawsuits targeting oil and gas companies over trespassing, the details vary from one case to another. For example, a property owner may decide to file suit over the drilling of a well and they may claim that the company is trespassing in order to stop the project from moving forward. This can be incredibly frustrating and if you are going through this, you could have a number of questions. Finding answers to your specific questions is crucial since the outcome of this legal action could have a significant impact on your company moving forward.

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