On behalf of Law Firm of William E. Otto | Nov 11, 2020 | Business law
Part of starting any business is choosing your business entity. Unfortunately, there are many misconceptions about the entities that exist and how they can be used. That’s why it’s a good idea to get in touch with your attorney early on in this process. You want to...
On behalf of Law Firm of William E. Otto | Oct 28, 2020 | Business law
If you’re running a small business, something you’ll want to do is to make sure you limit your liability in the case of an accident or other incident. When you’re running a company, you could be held liable for any injuries that happen there or problems with your...
On behalf of Law Firm of William E. Otto | Oct 15, 2020 | Business law
When you first start a new business, everything may be tentative. You aren’t sure how much time or resources you want to invest until you know if you can make your idea into a viable, successful operation. Once you have established that your business concept...
On behalf of Law Firm of William E. Otto | Oct 6, 2020 | Business law
Do you know what your business is worth? You may need to know this because you are getting divorced and have to divide assets. Or, perhaps you are thinking of selling your business so you can retire. You want to price your business to sell, but you don’t want to...
On behalf of Law Firm of William E. Otto | Oct 1, 2020 | Business law
One of the main reasons that people go into business is to make money. However, as a business grows or changes, its profit margins can wind up shrinking instead of growing. That could mean that you have to make some major changes in order to balance your budget and...
On behalf of Law Firm of William E. Otto | Sep 17, 2020 | Business law
One of the easiest business structures to work with is a sole proprietorship. With this form, you are the only person running the business. There is no legal distinction between you and your business While this is the easiest kind of structure to set up, there are...
On behalf of Law Firm of William E. Otto | Sep 3, 2020 | Business law
You have a fantastic company that is bringing in a lot of money. Your competitor is doing well, too. You both have slightly different markets, but the overlap is enough that you see that there could be a benefit to joining forces. By merging, you believe that you’d be...
On behalf of Law Firm of William E. Otto | Aug 28, 2020 | Business law
Starting a business is a complicated process that requires a lot of planning, advice and work. The same is true of ending or dissolving an existing business entity. You don’t just get to terminate your lease and move on with your life. You need to plan for the...
On behalf of Law Firm of William E. Otto | Aug 24, 2020 | Business law
Doing business always comes with some degree of risk. You might have affordable supplies to manufacture a product now but will run into supply chain issues later. Demand for certain products or services can decrease substantially as trends change. It’s even...
On behalf of Law Firm of William E. Otto | Aug 12, 2020 | Business law
When you’re setting up a business partnership, there are plenty of things that people will tell you. They may tell you to be the minority owner, so you take on less risk, or they might tell you that you should find a partner with similar skills as yours. Don’t fall...
