March 4, 2024: Update Regarding the Corporate Transparency Act On March 1, 2024, a U.S. district court in Alabama ruled that the Corporate Transparency Act (CTA), which mandates filing a…
In Ohio, corporate officers, directors and shareholders are not always immune to personal liability for their corporations’ wrongful acts. Savvy, sophisticated business owners take steps to shield themselves from personal…
Few issues catch both landlords and tenants off-guard more than an automatic renewal provision in a lease. Ostensibly to ensure and protect an ongoing landlord-tenant relationship, most of the time,…
You chose to operate as a limited liability company (LLC) to keep the company owners from exposure to the business’s liabilities in the event of financial or legal problems. But how do you make sure your company keeps its LLC status? Maintaining your…
In January 2021, Ohio enacted a significant, comprehensive revision of the Ohio Limited Liability Company Act, which will go into effect on January 1, 2022. The new LLC Act offers…
By the end of 2020, more than 5 million businesses had requested forgivable loans under the Paycheck Protection Program (“PPP”). In the early stages of the PPP loan program, there…
The majority of successful family businesses in the United States are closely-held corporations: private (not publicly traded) companies with a limited number of shareholders holding the controlling share of corporate…