While you may have leased the mineral rights on your Ohio property to an oil and gas company for royalties, that still does not mean you want unsightly oil wells - particularly surface wells - visible from your home. Nor do you want to face the potential health and safety issues that come with having an active oil well right in your back yard. So what is the minimum distance at which oil and companies can drill?
Dealing with the loss of a loved one or family member is never easy. One of the biggest concerns after a death is often how to handle an estate and the assets of the deceased. Even if someone reached an advanced age and had taken the time to create a valid will and estate plan, there's still likely to be many issues. For example, perhaps the person named as executor of the estate has not fulfilled his or her duties. Perhaps you believe that undue influence or duress impacted the terms of the will.
Once you have made the decision to join your business with another business, under Ohio law you are legally able to combine two or more entities into a single entity. Yet you still have a choice to make, and one of those choices is whether or not to undertake a merger or a consolidation. But what is the difference between a merger and a consolidation, and why choose one over the other?
When you and your business partner decide to establish a legal business entity, you may have high hopes and strong projections for the success of your partnership. Yet you may hear recommendations to establish an ironclad, legally binding partnership agreement when you file your business partnership in Ohio. But why would you need a partnership agreement?
Matters concerning land ownership and leasing can be complicated and involve leasing and rights stretching back years, if not decades. You may have a development or non-development lease on your Ohio property, and not even know it - particularly if your property is situated in the highly coveted Utica Shale region. So how can you find out if you have a lease on your land already, and who owns the rights to that lease?