Ohio Business Lawyers
If you’re a business owner in the state of Ohio, you may have come across circumstances that require the attention of a skilled and experienced business lawyer. Running a business is hard enough without all the legal aspects. Business owners have to focus on sales, customers, product or service development, marketing, financial management, and managing staff. Despite these challenges, there’s a wide range of legal issues that business owners also face across virtually all of these areas. Business law might involve government regulation, contracts, operating a business, or executing business transactions.
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This is an ATTORNEY ADVERTISEMENT. Sawan PLLC is a law firm with attorneys licensed in Michigan, Ohio and Florida. The information contained on this website is provided for general purposes only and does not apply to your specific factual circumstances in all cases. For us to better understand the particular facts unique to your case, call 419-469-5002 for a free consultation. No attorney-client relationship is created by your use of this website. Sawan PLLC, designated a debt relief agency by an Act of Congress and the President of the United States, proudly assists consumers seeking relief under the U.S. Bankruptcy Code.
Business Law in Ohio
In the state of Ohio, business law includes a variety of judicial precedent and Ohio state statutes. In some cases, the regulatory framework involved in the Ohio administrative code might impact certain businesses. For the most part, finding court rulings, statutes and regluations that relate to a particular client’s business is one of the key services provided by our team of Ohio business lawyers because this is the body of law that makes up the legal landscape for business in Ohio. Our team also assists our clients with operations, business transactions, and contracts. If you’re searching for a business lawyer, call our team today at 419-469-5002.
LLCs in Ohio
Limited Liability Companies (LLCs) are a popular and flexible business entity recognized in the State of Ohio. The laws governing LLCs in Ohio are found in Chapter 1705 of the Ohio Revised Code. If you are considering starting a new business, you may be wondering if you should form a limited liability company. Filing an LLC in Ohio is relatively straightforward process and there are number of reasons why you may want to do so. Every business is different so it pays to talk with a business lawyer before you do so. You also want to make sure your application has been filed correctly so there’s no problems with your LLC later down the line. If you have a partner or multiple partners, you should strongly consider drafting an operating agreement outlining the rights, obligations and duties of the partners. In Ohio, operating agreements may even supercede statutes in certain instances so the agreement made between the owners of the LLC is critically important.
How To Form an Ohio LLC
Business Transactions in Ohio
Any of the typical transactions entered into by a business involve a variety of legal consequences. There’s contracts and potential dispute resolution involved as well as high-stakes negotiations. This usually requires business lawyers for the other people or entities involved in the transaction as well. It takes particular skill not to necessarily make this an adversarial process because in the majority of cases, co-operation is paramount and the businesses or partners will be doing business with each other. When long standing business relationships are implicated, it is critical that the transaction be handled with care but still cover the important areas from a legal perspective. That being said, usually everyone understands that having lawyers involved makes the most sense so that each side has had independent counsel in executing the transaction. We help clients negotiate, draft and execute business transactions of all types in the State of Ohio. Call 419-469-5002 today to speak with a business attorney from our team.
Business Litigation in Ohio
While almost everyone goes into business with the best intentions, just as with many other areas of human interaction, disputes between the parties arise. When a business dispute happens, the parties involved might ultimately just want to have their day in court to present the facts and have a judge or jury determine their fate. When that happens, you absolutely must have a business litigation attorney fighting on your behalf. At Sawan PLLC, we have a team of business litigation attorneys that have litigated successfully at the highest levels. We advise clients on the ways to avoid potential litigation before it happens. Despite that, we know that unfortunately, there are circumstances where there is no other option and we zealously defend our clients interest in court.
Alternative Dispute Resolution in Ohio
Litigation can be very expensive and time consuming. If the issue is contentious enough, the dispute could involve litigation at the trial court and appellate levels. This can enormous costs and in some cases, the cost of adjudication can even eclipse the alleged damages involved in the case. Often times, these costs are borne by each party. There’s a complicated framework to determine whether or not attorneys’ fees will be borne by the opposing party in a lawsuit. With a complicated array of cases and rules in Ohio, this is one area a qualified business attorney can really help sort out. If the opposing party is held liable for your attorneys’ fees, the cost to vindicate your rights is reduced. Where the cost is borne by each party themselves, the costs can be too high for some to even pursue the matter. For that reason, many parties enjoy alternative dispute resolution such as arbitration. This can reduce the cost and time involved in reaching a resolution to business disputes. We have advised clients facing arbitration and also advise clients on whether or not they should use arbitration in their own agreements.
Business Bankruptcy in Ohio
Unfortunately, not every business is successful. There’s simply too many factors that could lead to financial difficulties for a company. Sometimes, markets change and businesses are not able to continue to meet their financial obligations. When this happens, the business might be left with only a few options. One of those involves filing for business bankruptcy in Ohio. In certain cases, businesses can restructure themselves under Chapter 11 of the bankruptcy code. This gives the business the opportunity to survive after the bankruptcy and continue to pay debts. Where Chapter 11 bankruptcy is not available, a business will then wind up its assets, liquidate itself, and satisfy as many obligations as possible through Chapter 7 bankruptcy. At that point, the business will cease to exist.