Do you intend to have employees in your small business? If so, you may want to consider creating an employee handbook. This may just protect your company while helping to make sure that you comply with Ohio and federal employment law requirements.
What does estate law say about a spouse's inheritance rights?
Like most other spouses here in Ohio, you probably expect your spouse to provide for you if you outlive him or her. The question is whether your spouse created an estate plan prior to death or for some reason failed to provide for you in one. If that happens, you may wonder what estate law says about your right to inherit as a surviving spouse.
Roadblocks to corporate compliance
Corporate compliance programs are created—in large part—to protect employees. Such programs seek to promote ethical behavior and encourage whistle blowing in the event of wrongdoing. However, recent research out of Indiana University indicates that these programs are largely ineffective at curbing inappropriate corporate behavior.
The benefits of a special needs trust
If you want to make sure your loved one with disabilities is provided for after you’re gone, consider creating a special needs trust in your estate plan. A trust is an arrangement under which one person’s assets are managed by a third party (known as a trustee) to provide for a loved one (beneficiary) in a pre-defined manner. Unlike a standard trust, a special needs trust is specifically designed and tailored to meet the needs of a beneficiary with disabilities.
Perhaps the worst part of owning a business: Firing an employee
As your Ohio business grew, you probably took the step of hiring some help. You developed a process to choose the people you felt you could work well with and that would facilitate the success of your company.
