On behalf of Law Firm of William E. Otto | Mar 11, 2020 | Business law
Many people know that one of the easiest kinds of business entities to set up is the sole proprietorship. However, with this entity, there are some issues. While it’s simple and often the cheapest route to starting a business, it can have long-term consequences if...
On behalf of Law Firm of William E. Otto | Mar 3, 2020 | Business law
When you do business of any sort, your actions will have an impact on the world around you. From the traffic implications of customers or workers coming to your facility to the impact on air quality that your facility could have, there are many ways in which your...
On behalf of Law Firm of William E. Otto | Mar 2, 2020 | Business law
Choosing the right entity structure for your business isn’t always as simple as it should be. You want to protect yourself against liability, but you also want to have the tax protections you need. Looking at the different options, you’re not sure which is right for...
On behalf of Law Firm of William E. Otto | Feb 24, 2020 | Business law
If you don’t want to run your company alone, one of the most important steps in forming your new business is finding the right business partner. The person you choose has a big impact on your life and the success or failure of your company. This is not an area where...
On behalf of Law Firm of William E. Otto | Feb 13, 2020 | Business law
Once a contract is signed, the parties aren’t free to pick and choose which of the terms they want to uphold. Everything in that contract is a requirement, and the failure to meet its terms is considered a breach. But not all contract breaches are the same. Some...
On behalf of Law Firm of William E. Otto | Feb 7, 2020 | Business law
When you start a business, one thing is true: There is a risk that someone could file a lawsuit against you. It might be a customer who is angry about an order or a third-party contractor who wasn’t happy with a contract. Regardless of who it is, the reality is that...
On behalf of Law Firm of William E. Otto | Feb 7, 2020 | Business law
You have to do what you can to protect your business. Contracts are one way that you can do this because these documents set forth a written set of terms that governs all of your interactions. Your contracts need to be as detailed as possible so that both parties know...
On behalf of Law Firm of William E. Otto | Feb 4, 2020 | Business law
When starting a new business, you’re staffed with the responsibility of making a variety of important decisions. Before you ever open your doors to the public, it’s critical to choose the appropriate business structure. While you have many options to consider, a...
On behalf of Law Firm of William E. Otto | Dec 2, 2019 | Business law
There are many factors to consider when starting a business. Such factors can include equipment selection, cost estimations and market research. While those are important, the operational structure can be one of the most significant indicators of a business’s...
On behalf of Law Firm of William E. Otto | Oct 18, 2019 | Business law
Regardless of whether business owners or CEOs are approaching retirement age or have many years left in their careers, creating a succession plan for their business can never come too soon. Unexpected events can happen at any time, and a succession plan helps a...
