Posted In: Business Transactions & Corporate Counseling and Estate, Succession Planning & Probate Administration
Business Blog: Before You Say "I Do" to Your Business Partner, Consider a Business "Prenup" - 5 Reasons You Need a Buy-Sell Agreement Today
By Julie E. Firestone & Elizabeth G. Yeargin on February 13, 2020
People often consider what can go wrong before exchanging their marriage vows. However, many do not address these same concerns when starting a company. What happens if your business partner unexpectedly passes away? Becomes permanently disabled? What do you do if your business partner wants to sell?...
By Brian D. Merklin & Shelby L. Ranier on January 30, 2020
As San Francisco's elite defense prepares to face Kansas City's premier offense, there are sure to be plenty of huge hits in this year's Big Game. One hit that the players won't have to worry about this year, however, is their wallets being tackled for a loss....
Posted In: Business Transactions & Corporate Counseling
By Brian D. Merklin on September 17, 2019
Through a partnership with contract liquor agencies and JobsOhio, the Ohio Division of Liquor Control announced a new program, the Contract Liquor Agency Commission Bonus Program ("Bonus Program")....
Business Transactions & Corporate Counseling
Business Blog: Technology Issues in Mergers and Acquisitions: Paper vs. Software — Using Business Management Software to Become the Optimal Seller
By Hanne-Lore M. Gambrell on September 12, 2019
Preparation is essential to securing the best deal possible when selling any business, especially considering the fact that most buyers prefer to inherit businesses that do not require a significant investment into infrastructure....
By Elizabeth G. Yeargin & Jarman J. Smith on August 26, 2019
Many nonprofit organizations are recognized by the federal government as being tax-exempt; therefore, taxes are generally one of their lowest business concerns. However, even tax-exempt organizations may be liable for tax on any activities that generate unrelated business income. According to the Internal Revenue Service (IRS), unrelated business income is any income realized from a trade or business regularly carried on by an organization, which is not substantially related to furthering the purpose of the organization's tax exemption....