Every entrepreneur should consider working with five crucial partners: an attorney, an accountant, an insurance agent, a lender and a financial adviser. Good attorneys will work with small business owners to help them minimize liability, and some attorneys limit their practices to this area of the law. Entrepreneurs should find members of their advisory team that are smart, passionate, focused, willing and qualified to serve their respective roles.
Yearly Archives: 2014
Legal-Ease: Life estates, sequential ownerships in real estate
Ohio law allows for sharing arrangements when it comes to real estate. A number of options exist when it comes to life estates and sequential ownerships in Ohio.
Legal-Ease: Different deeds, different promises by the seller
The three most common types of deeds are warranty deeds, limited warranty deeds and quit claim deeds. Each type of deed in real estate is different in its own way, especially in what it promises from the seller.
Legal-Ease: Hiring attorney often a value-added proposition
When you hire an attorney, you’re hiring someone to not only follow your advice, but also someone who will think, analyze and advise to help ensure that the best possible decisions are being made for you. In addition to following your wishes, your attorney will be exercising his own professional judgments.
Legal-Ease: Is estate planning worth the effort?
While it may be an uncomfortable topic to consider, everyone dies. Wills make the process easier for loved ones so they know what to do with your “stuff.”
Legal-Ease: Options, rights of first refusal are distinct tools
While options and rights of first refusal are two very different concepts, people commonly confuse them and their very different uses.
Legal-Ease: Bidding at a sheriff’s sale requires work in advance
Never show up to a sheriff’s sale unprepared; if you expect to leave successful, you’ll want to do some homework in advance of the bidding.
Legal-Ease: Share a well, share a headache
For many, building a home is a dream come true. But many don’t realize some potential hidden costs of building. When building outside a city, one of these costs is drilling a well. Some homebuilders choose to save money by tapping into a neighbor’s well.
Legal-Ease: How can I properly organize an LLC in Ohio?
LLCs, or “Limited liability companies” are often organized from small, informal family businesses. They are businesses that are established to be separate from their owners.
Legal-Ease: Security deposits for houses, apartments require landlord specificity
Ohio rental laws are very strict, and generally very protective of tenants. This is the reason security deposits are often required.
A landlord can legally request a security deposit of any size. However, if the tenant stays for more than six months, interest must be paid on any amount that is higher than one month’s rent.