You guard the secrets of your Ohio-based business fiercely, and those secrets are instrumental in the viability and profitability of your enterprise. So when someone gains access to your trade secrets, they could stand to profit off the time and labor you put into acquiring that knowledge and perfecting your strategy. That person may be a rival or an employee. But is it illegal for anyone to simply know information about your business?
You've paid a liability insurance premium in order to drive your vehicle since you first got your license and a car. You may have gone decades without needing to file a substantial claim for coverage. Thanks, in part, to slick advertising copy that emphasizes how insurance companies are there for their clients after a crash, many people assume their insurance company will seek to protect them when they file a claim.
When you form a new business, you have a number of options for how to legally structure that business. Some states handle business structuring differently, however. So as an aspiring business owner, what are your options for business structuring in Ohio?
Previous posts on this blog have detailed the need for you to see to your estate planning while you still can. If you have already completed this process by creating a will, congratulations. However, you should know that the word "completed" used in this context is misleading. We here at Baker, Dublikar, Beck, Wiley & Mathews are constantly reminding our clients that the estate planning process is never truly over. As the years pass, your circumstances in North Canton are bound to change. Many of those changes should prompt you to revisit your will and update its terms to reflect your current situation.
When you are grieving the loss of your beloved spouse, the last thing you want to worry about is a battle over his or her estate when they died intestate, or without a will. Ohio state laws offer rules regarding statutes of descent and distribution that, as long as no other surviving relatives or heirs contest distribution, could remove this burden from your shoulders. But how do these rules affect you as the surviving spouse?
As a business owner, you may be familiar with both unfair competition and with use tax; unfair competition is when another business uses unscrupulous means to infringe on your business or otherwise gain an advantage, while use tax is an equivalent to sales tax to ensure used or stored items that were not taxed under Ohio sales tax law but are not exempt are appropriately taxed. But how do the two tie in to each other?