Sometimes, when people hear the words "business litigation" they picture a large corporation or an incident involving a multinational that has received a lot of attention in the news. However, lawsuits targeting businesses can be problematic for small, family-owned businesses as well. If you run a small business, it is important to be aware of the different areas of concern regarding your business and identify the best course of action in the event that your business is taken to court. Some business owners do not think about litigation very much until they find themselves in this difficult position, but preventative measures are also important.
Business owners may be very stressed out when an employee (or a group of employees) file a complaint over employee rights violations such as denied breaks or denied overtime. However, allegations of discrimination and sexual harassment can be especially concerning and these are issues that have created many problems for workers and companies alike in Ohio. Sexual harassment allegations can damage a business' good name and they can also bring other consequences, such as financial penalties. Moreover, victims of sexual harassment may also experience a number of setbacks, which highlights the importance of preventing unlawful behavior in the workplace.
We have covered some of the different reasons why business owners find themselves in court, from contract disputes to deceptive trade practices. However, there are many more reasons why you may find yourself in the courtroom. For example, a current or former employee may decide to file a lawsuit, claiming that the company they work for or used to be employed by is responsible for their suffering. From a slip-and-fall accident to allegations of discrimination or sexual harassment, there are many different allegations that can result in litigation. Moreover, the outcome of these cases can be incredibly damaging for businesses of all sizes, not only in terms of financial penalties but reputation and future business as well.
Lawsuits can create challenges for business owners in all industries, but litigation can be an especially tough blow to construction company owners. If you run a large construction company or a relatively small business, litigation may arise for any number of reasons. However, if the lawsuit is not handled correctly, it can be very damaging to your pocketbook and your business' reputation. Unfortunately, some construction company owners have been pushed out of business altogether because of the consequences of a lawsuit, which underlines how vital it is to understand all of your legal options in this position.
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?
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?
As a business owner, one of your greatest fears can be a consumer lawsuit. By taking precautions and ensuring you adhere to the letter of the law, you can avoid a number of lawsuits for defective products, unfair trade practices, false advertising and more. Yet the slightest slip in how you represent your business and your products to Ohio consumers can lead to a suit for deceptive trade practices. So just what are deceptive trade practices, and how can you avoid falling foul of them?
If you and your Ohio-based business have entered into a partnership, joint venture or agreement with another business only for that business to fail to uphold their ethical responsibility to you as the beneficiary of the agreement, this may constitute a breach of fiduciary duty. But what exactly is a breach of fiduciary duty, and how does it involve you?
With business lawsuits, there are countless factors to consider and companies are taken to court for many reasons. However, it is essential to focus on details that are central to the success of your case and do what you can to protect the future of your business. At Baker, Dublikar, Beck, Wiley, & Mathews, we know how important it is to prevent litigation from arising in the first place. Unfortunately, this cannot always be accomplished and some business owners find themselves in the courtroom over a confidentiality agreement dispute and many other types of disagreements.
As a business owner, you may run into a wide variety of problems, many of which have been covered on this blog. For example, you could find yourself involved in a contract dispute or you could be accused of wrongdoing by a customer. However, fraud is particularly concerning and these allegations are widespread and have affected many business owners. Whether your business has been accused of fraud or you have experienced significant losses as a result of fraud, our firm knows how crucial it is to address these matters promptly and effectively.