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Key Considerations Why Any LLC Needs An Operating Agreement

An operating agreement is a key governing document of a limited liability company (an “LLC”). By its nature, it is an internal, non-public agreement between the members of the company. Ohio law does not require an LLC to have an operating agreement

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FinCen Issues new rule for Beneficial ownership Information Reporting Requirements

Earlier this year, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) adopted a new rule requiring most corporations, limited liability companies, and other entities registered to do business in the United States to report information

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FAQ: Considerations When Purchasing a Business

Purchasing a business is one of the most important financial decisions you make. Buyers-to-be are often asking us questions outlined below, which we hope will help guide you when considering a new business acquisition. Please note that every

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FAQ: Considerations When Selling Your Business

Selling your business is one of the most important financial decisions you will make as a business owner and there are a multitude of questions that arise with that consideration. Our corporate and business attorneys are often asked the questions

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What You Need to Know About the Ohio Revised Limited Liability Act

Early this year, Ohio completed its overhaul of the Revised Code governing limited liability companies. The Ohio Revised Limited Liability Company Act (the “2021 Act”) became effective on April 12, 2021 but will not become applicable to Ohio limited

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Rule Changes in Exempt Offerings for Non-Accredited Investors

Under federal securities law, any offer or sale of a security must be registered with the SEC, unless it falls under one of the exemptions, such as Regulation D of the Securities Act. Regulation D affords some companies the ability to offer and
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PPP Loans and M&A

Small business owners considering selling their business should be aware of the Procedural Notice No. 5000-20057 (the “Notice”) issued by the Small Business Administration (“SBA”) on October 2, 2020. According to the Notice, prior to selling more

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The Dawn of the New NAFTA

July 1, 2020 marks the beginning of a new era of free trade in North America under the United States-Canada-Mexico Agreement ("USMCA").

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Business interruption insurance claims During COVID-19

In dealing with the financial impact of COVID-19, many businesses are looking to their insurance companies for assistance. Commercial insurance policies can cover certain events that cause temporary interruption in the normal course of business,

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Are You on Top of Your Corporate Record Keeping?

It's hard work being a business owner and after the initial formation, many business owners tuck their corporate records into a file cabinet and focus on building their business. However, whether you own a corporation, LLC, or partnership, it’s

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