Below you'll find a list of all posts that have been categorized as “Common Questions”
The dissolution process is often set forth in the operating agreement for the company. In general, however, the dissolution process begins with winding up business affairs and operations, followed by officially filing a Certificate of Dissolution with the Secretary of State. Winding Up Winding up occurs when a business dissolves, whether voluntarily or by court order. During the wind-up process, …
Probably not. There is a common misconception that if a photograph does not have the little ©, or some sort of watermark designating the picture as belonging to someone else, it is not protected by copyright law and is free for the taking. That is simply not true. Copyright protection attaches the moment an author fixes a form of creative expression …
Like trademarks, registration is not required to enjoy legal protection in a copyrightable work. A copyright is obtained automatically by the author as soon as some creative form of expression is fixed in a tangible medium. However, there are some significant benefits of registering your work with the United States Copyright Office. These benefits include: 1. Public notice of your …
Forming an Ohio LLC with multiple owners is like a marriage. You will be contributing your time, effort, and resources to the partnership. You can protect this contribution and limit the likelihood of a messy “divorce” by creating a reasonable Operating Agreement that protects all of the owners. Here are the top five points that should be included in your …
It is possible to change to an LLC or Corporation in Ohio. If a business is currently operating as a sole proprietorship or partnership, we can create an Ohio corporation or LLC. The assets would then need to be consolidated and transferred to the new entity. It is important to note, there are intellectual property and tax considerations that would …
Yes. There is no substitute sound legal advice. Here are four (unbiased) factors to consider when deciding whether to use an Attorney for your business: 1. Filing with the Ohio Secretary of State does not (by itself) create a business. While it is necessary to file with the State of Ohio to incorporate, filing simply creates the right to operate a …
Forming an Ohio LLC or Corporation: Why is it necessary? from Elliott Stapleton on Vimeo. A business owner who forms an LLC or corporation has limited personal liability in the business. This means that if someone were to sue the business, the individual suing could only recover against the business assets, not the owner’s personal assets. This is the primary …
The first step in forming an Ohio business is deciding what legal entity to use. Generally, business entities include: corporations, limited liability companies, partnerships and sole proprietorships. Which entity is best? Sole proprietorships and partnerships are the easiest to form, but are almost never recommended. Except in isolated circumstances, these entities offer no personal liability protection. Without personal liability protections, …
LegalZoom does a great job at marketing. But when you look past the promotional materials and celebrity endorsements, it is no more an alternative to using an attorney for your business than WebMD is an alternative to using your doctor for surgery. What is LegalZoom? LegalZoom is not a law firm, cannot provide legal advice, and cannot keep your communications confidential. It is a company …
