An LLC can be a straightforward way for a group of people to collectively benefit from certain legal protections. Filing with the state of Ohio can be done without an attorney and is not complicated. But many specific instances are not covered by the basics, and must be established in a document called an “operating agreement.
Selling a house comes with a set of steps to be followed by the sellers and buyers. On the seller side, certain forms must be completed as mandated by the state that pertain to defects in the property. Buyers must submit their own reports, as a formal “offer.” Other formal steps must be followed, and certain conditions may create more steps depending on government law.
A “partition” is the specific type of lawsuit designed for splitting up co-owned real estate. But you can avoid this lawsuit by managing co-ownership with a few other options. Creating an LLC, a limited liability company, may not seem like it has much to do with real estate but it will help establish guidelines for multiple owners. A shared ownership agreement can also be used to manage conflict.
Ohio law governs vehicles on roadways, including farm machinery. Yet this equipment holds a special place in the law, seeing as many pieces of machinery are larger than normal vehicles and can occupy more space in or across lanes. To understand the liability factors at play, you need examine how the different vehicle laws interact.
Contracts contain varying degrees of specificity. Sometimes, leaving out important terms and conditions makes the contract unenforceable as a whole. In many cases, though, the law will fill the gaps with what is considered “reasonable.” While this practice may seem obvious, it can be hard to determine what “reasonable” actually looks like in each case. Determining reasonableness is often analyzed by looking at three key circumstances and contexts.