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Getting Married Soon? Starting a New Business? A Powerful, Little Known Tool Can Bound Your Risks
June 8th, 2015
Managing risks is part of curating wealth. Whenever you engage in a major life transition, whether you’re tying the knot, starting a new business partnership or engaging in a risky but hopeful philanthropic venture, you want to bound your risk and…
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What If the Government Comes After Your Business and Its Assets? [A Surprising Safety Net]
May 13th, 2015
Your business may be extremely productive and profitable right now, but will you always be in this position? Ideally, yes. However, as a savvy entrepreneur/owner, you know that you cannot predict future risk based on present forecasts. You must expec…
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Enforcing Non-Compete Agreements in Ohio
March 12th, 2014
Gudorf Law Group can assist in writing and reviewing non-compete agreements to ensure business interests are protected.
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Using Non-Compete Agreements to Protect Business Interests
March 6th, 2014
Smart business owners use non-compete agreements and related employment agreements to restrict important employees from taking your trade secrets, intellectual property, customer relationships and going to work for a competitor.
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Recapitalizing Your Business to Share Income & Business Value with Family without Relinquishing Control
February 23rd, 2014
Recapitalization, in this case, is the process of restructuring and reissuing the shares of interest in the business into voting and non-voting shares or, in the case of an LLC, voting and non-voting membership units.
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Advantages of Converting Your Closely Held Corporation to a Limited Liability Company
January 21st, 2014
Owners of closely held corporations — corporations whose stock is held by only a few individuals or family members — may find many advantages to converting their corporation to a limited liability company, also known as an LLC.
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Ohio Limited Liability Company Gets a Boost in Protective Powers
August 22nd, 2013
Until recently, the Ohio limited liability company left much to be desired in its ability to protect company assets from members’ creditors. But recent updates to the law have changed all that, and our Ohio asset protection attorney’s office is n…
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Identifying the Ideal Ohio Business Entity, Part 1: Sole Proprietorships and Partnerships
May 7th, 2013
Control. Flexibility. Protection from liability. Options for investors. All of these factors and many others play an important role in choosing the right business entity for your business. Choose the wrong entity type and you could be subjected to un…
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Tags: Business Entities
Identifying the Ideal Organizational Entity for Your Ohio Business, Part 2: Limited Liability Companies
May 7th, 2013
In our previous article on choosing a business entity, we looked briefly at some of the chief considerations that go into choosing a business entity and examined three business entities commonly used in Ohio, sole proprietorships, general partnership…
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Tags: Business Entities
Identifying the Ideal Organizational Entity for Your Ohio Business, Part 3: Corporations
May 7th, 2013
This is the last article in our series on choosing an organizational entity for your business in Ohio. In our previous articles, we looked at sole proprietorships and partnerships, along with things to consider when choosing an entity, and then we lo…
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Tags: Business Entities