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...
On behalf of Law Firm of William E. Otto | Jul 30, 2020 | Business law
When you and your business partner don’t agree on matters related to the company, finding a resolution is a priority. This isn’t always easy because each party might feel strongly about what needs to happen. Depending on the severity of the problem, the company might...
On behalf of Law Firm of William E. Otto | Jul 15, 2020 | Business law
When you take a job, you start making money immediately. Two weeks in, you’re going to get a paycheck, and those are instant earnings. Not so if you start a business. While the ceiling for earning is much higher — maybe millions, if it all works out — it...
On behalf of Law Firm of William E. Otto | Jul 2, 2020 | Business law
You built your business from the ground up, starting with just an idea. Your grit and determination have paid off and your company is thriving. Just the same, something has changed and you no longer feel the same spark of enthusiasm every day when you get to work. Is...
On behalf of Law Firm of William E. Otto | Jun 24, 2020 | Business law
When you’re starting a business, one of the first steps is to choose the kind of business you want to have. That can be a little tricky, but by asking yourself a few questions, you’ll be closer to the answer. Here are three questions you should ask yourself if you are...
On behalf of Law Firm of William E. Otto | Jun 10, 2020 | Business law
Building a business is no easy feat. It can take years of hard work and dedication to secure stability and grow to a point where you feel comfortable. It request a deft hand when it comes to selecting a location, securing supply chains, marketing and advertising,...
