Disputes during a construction process are quite common. From insufficient agreements at the beginning of a project to inadequate performance disputes after its completion, construction litigation is often high risk. A few examples of common legal disputes that arise...
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3 ways succession planning protects the business you own
Estate planning is an important step for every adult to take. Those with dependents like children and spouses have more of an incentive than the average person to estate plan, but there are others who need to make plans even more. Those who own businesses may have...
Real estate taxes have increased; Can an appeal to lower your new Ohio property valuation be won?
Home values have sharply increased this year due to the pandemic, leading to larger property tax bills. Butler County Treasurer, Nancy Nix, said after the March 18 deadline to collect the first half of property taxes the office collected $304.3 million, which is a...
When should you update your will?
When you first complete a will, it hopefully will be years before anyone needs to execute your plan. Most likely, your life will change over time. In fact, after some life changes or enough time has passed, you should consider updating your will. Here are some...
What to do when closing a business
Your small business has had financial struggles in the past, but you were prepared for them. With a small budget devoted to marketing, you and your team were able to map out what months and seasons customers gave your business a boost. You know your clients...
Three common myths about financial powers of attorney
A financial power of attorney (POA) can be a useful estate planning tool for almost all adults. Yet, many who would benefit from this document avoid creating one.If you do not have a POA in place, you might consider asking yourself why you don’t. There are a...
Do you know who will make business decisions if you cannot?
As the owner of a small business, you are likely a crucial part of its day-to-day operations. What would happen if something unexpected happened to you and you were unable to perform your usual duties?Such disruptions would likely have a significant negative effect on...
Should you share estate planning details with family members?
An estate plan can be very personal. The details you share with family members are entirely up to you. However, providing clarity now might help prevent future problems.Still, talking about death and money can be uncomfortable for you and your loved ones. This is why...
When should someone update an estate plan?
When you finished creating your estate plan, you may have felt a well-earned sense of relief. Many people do not ever get around to making their estate plans, so if you have come this far, you may be in a better situation than many other people are. However, you are...
Why do many business owners not have a succession plan in place?
Running a business can be hectic, requiring you to constantly put out whatever fires pop up every day. The time-consuming nature of the job, however, is causing owners to overlook a key component of their long-term viability: succession planning.According to a CNBC...