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Wiley & Mathews
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August 2019 Archives

What are the types of business structures in Ohio?

There are several aspects to starting a business in Ohio, whether you plan to be a sole proprietor or to launch a start-up designed to grow into a large company. Part of the initial process is choosing how to structure your business. The legal entity you choose for your business may directly impact your financial resources, tax liability and daily management.

Protecting your family business from disputes

All business partners in Ohio run the risk of not getting along at some point. However, when family is involved in a business, the risk sometimes climbs higher. Mixing family with business means that people know each other’s deepest secrets and oldest wounds, making it easy to add fuel to the fire when things are at their worst.

Locating the will after a loved one passes away

When a loved one passes away in Ohio, families need time to grieve and recover from their loss. However, there are legal obligations that survivors need to fulfil as well. One of the first is to find out whether or not the deceased left a legitimate will behind.

Can you challenge a last will if there's a no-contest clause?

Conflict within a family can have a direct impact on how people plan for their last will and estate. For example, if a parent remarries and knows that there is a lot of tension between their children and their new spouse, they may worry about how the children will behave after they die. Other times, people may only leave a fraction of their assets to their spouse and may worry that their partner, not their children, will challenge their wishes.

You may have a shot of getting funding for your business in OH

In 2016, CNN reported that minority-led and women-owned businesses had a high likelihood of obtaining business funding in Ohio. Cleveland-based nonprofit JumpStart invested only in tech firms within this demographic for three years. They planned to do this for 20 firms and focused their efforts on small companies with fewer than six employees. They pledged to ensure each firm received half a million dollars in funding. The aim is to create greater diversity in the technology industry.

Big oil and gas plan to overturn new Ohio bill

In the summer of 2019, Ohio passed a bill to save its nuclear power plants. According to Forbes, these plants account for 90% of the Buckeye State’s clean energy. Critics of the bill, however, point to the fact that this also preserved coal plants in the state. Supporters of the bill explain that this was a necessary compromise to get the bill to pass, but that coal was in decline and no new plants would appear in Ohio ever again.

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