Business Law

Retirement can feel like a very far off thing as one is knee-deep in the everyday activities of running a business. This may lead some business owners to assume that their retirement is something they don’t really need to think about now. However, putting off planning for their retirement could endanger a small business owner’s ability to one day have…

In today’s world, shoppers have many options. A recent survey suggests that a fair portion of today’s consumers plan to look more towards small businesses for their shopping needs in the future. The survey was from Vistaprint, and over 1,500 U.S. adults were polled in it. The results were weighted to be an accurate representation of the U.S. population. According…

A recent report indicates that these days, small business owners are more optimistic than they have been in quite some time. The report was on August’s Small Business Optimism Index score. This score comes from the National Federation of Independent Business, and it gauges optimism levels among America’s small business owners. According to the report, the score increased in August…

Among the things that can be critical to a business’ success is it being able to smoothly get the goods and services it needs for its operations. So, how things are going with the vendors and suppliers their company is working with can have significant impacts for a business owner. Vendor and supplier problems can pose major difficulties for a…

Few words can match “Google” in terms of prominence in the public venue. When it comes to internet searches, the term is truly the parlance of our times. So much so, that it runs the risk of succumbing to “genericide.” The seeds of genericide are planted when the public appropriates a trademark and uses it as a generic name for…

Pandora, a music-streaming pioneer, was on the verge of collapse in 2008. While they survived royalties skyrocketing into the stratosphere, they persevered. Today, they still find themselves in a struggle to keep pace with Spotify, Apple Music, YouTube and other rivals. As part of a rebranding effort launched last fall, Pandora announced a new phase in its evolution as a…

The most successful business leaders are people who know all aspects of the companies they run. That in-depth knowledge creates challenges when the time comes for their retirement and much-needed succession planning. The important transition involved in business succession goes beyond one person ending a career. The most proactive and effective leaders will have a successor not just for one…

KFC’s current and highly popular ad campaign has shown a succession of celebrities portraying the legendary Colonel Sanders. The commercials are credited for turning around the fast food chain’s fortunes. From Daryl Hammond to George Hamilton, impressionists, actors and comedians share the iconic white suit with KFC’s blessing. However, when it comes to sharing catchphrases, the Louisville-based fast food franchisor…

2014 just might be a good year to start your new business in Ohio. The Dayton Business Journal in a March 2014 article reviews evidence that the state’s business climate is on the mend after the recent recession. The piece cites David Goodman, director of the Ohio Development Services Agency or ODSA, as giving state governmental policies credit for creating…

Small business owners are human beings. As such, many would eventually like to retire or spend time with their families. In addition, even those that do not could eventually fall sick or die. Unfortunately, due to the day-to-day pressures of running a business, many small business owners do not have a business succession plan in place to address these possibilities…