As a business owner, it is in your best interest to handle disputes quickly and carefully. Many business owners make the mistake of believing this means avoiding disputes entirely. But if you make that your goal, you set yourself up for failure. Instead of focusing on...
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An employment contract should benefit both you and your employee
As an employer, you want to provide an appropriate work environment for a new hire, but you also want to protect yourself and your company. To this end, an employment contract contains more specifics than an employment agreement and can better define the...
Who should succeed you as owner of your business?
Crafting a business succession plan gives your company a better chance of continuing on once you decide to step down or if for some unforeseen reason you cannot serve any longer as owner. Picking someone to take over for you will be a vital component of your...
Using communication to reduce your risks of contract disputes
Operating a business in Kentucky means the opportunity to interact with lots of other industry professionals. Preserving and strengthening business relationships is often supported through the use of a contract. Preventing contract disputes from undermining valuable...
Reverse mergers explained
A reverse merger happens when a private company that is usually smaller takes the steps necessary to acquire a company that has gone public. The use of the word "reverse" to describe these types of transactions refers to the fact that it is not as common to see a...
Why businesses structure themselves as LLCs
Individuals who decide to start their own business are faced with a multitude of decisions. In addition to having to decide what, exactly, the company is going to offer, entrepreneurs also have to decide what sort of structure they want to implement for their new...
Kentucky COVID-19 Pandemic Legislation
The Kentucky General Assembly has been diligently working on some new legislation in light of the COVID-19 virus pandemic. There are three sections we’d like to call your attention to: 5(b)(starting on page 5) Healthcare providers during the COVID-19 emergency...
Avoid these common mistakes for family businesses
Managing both components of a family business can be complicated, but when it’s done correctly, the results can be personally satisfying as well as profitable. The Credit Suisse Family 100 study shows family-owned companies, which include businesses where founders or...
Get your business started right with a good name
Living in Kentucky is great, especially if you're interested in horses. There are plenty of races, horse farms and equestrian events to participate in. If you are thinking of opening a business related to the Kentucky Derby or other equestrian activities throughout...
Exporting business to Ohio
Business is booming, and you’re looking to expand. You’ve got your eye on Cincinnati, but what does it take to set up shop across state lines? If you’re looking to cross the river and expand into Ohio's steady economy, you’ll need to file as a foreign corporation....
