Now that you are in the final stages of creating your estate plan, you may think you have everything covered. The house. Check. Guardian for your children. Check. Motor vehicles. Check. The distribution of your assets. Wait. There may be certain things you overlooked....
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Benefits of establishing an LLC
An LLC, or limited liability company, is one possible legal structure for a business. Establishing an LLC creates an entity that the law considers separate from the business owner as a person, which may have both tax and liability benefits. Explore the possible...
Tips for setting up an estate plan
The first step for people in Ohio who are creating an estate plan might be make a list of all assets. A person who has dependents should take steps to ensure they are cared for as a will can be used to appoint a guardian for minor children. People might also want to...
Independent contractor vs. employee: Which is it?
If you need to hire workers for your Ohio business, it is important to determine if they will be employees or independent contractors. This is mostly something that you must know for tax purposes because taxation for each type of worker is very different. If you...
Dealing with tax issues related to closing an estate
If you are an executor of an estate in Ohio, there are several duties for which you are responsible. Not only must you identify the assets and pay off its debts, but you must also distribute the remaining property to the beneficiaries. Tax-related issues are an aspect...
Should I create an LLC?
If you run your own small business, you likely started as a sole proprietor or with just a partner or two. As your company grows, however, you may want to consider the benefits of establishing a separate legal business entity such as a limited liability company. Learn...
What exactly does municipal law encompass?
The vast myriad of legal terms can be difficult for almost anyone to understand, especially for those who are not typically involved in the court systems. When you hear about municipal law, you and other Ohio residents may be confused. Just what is municipal law and...
Can you contest a will in Ohio?
The movies will have you believe that you can contest a will simply because you dislike the terms, but that is not the case. To contest a will, you must have a valid reason or reasons for doing so. The Balance explores a few of the more common grounds for contesting a...
Does my business need LLC status?
An LLC, or limited liability company, protects your personal assets from legal judgments and collection actions against your business. This type of legal business structure may also provide tax advantages. Ask yourself these questions to determine whether your small...
Are there benefits to school district consolidation?
According to The School Superintendents Association, school district consolidation is a pervasive occurrence across Ohio and throughout the United States. According to the article, there were 117,108 school districts nationwide that provided elementary and secondary...