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Category: Business Law

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  • What Are Exchange Property Identification Rules?

    Ohio 1031 Exchange Services Lawyers at the Wolterman Law Office Will Guide You in the Right Direction if You Are Interested in a 1031 Exchange.

    If you are selling an investment property, the proceeds from the sale are subject to capital gains taxes unless you follow the rules of a 1031 exchange. A misunderstanding or mistake in following any of the rules could be costly, as your sale becomes a taxable event with anywhere from 20 to 35 percent of […]

  • Can I Do a 1031 Exchange on an Inherited Property?

    1031 inherited property

    If you have just inherited a property, not knowing your options could cost you. Real estate for novice investors can be complicated. In the case of inherited property, the value of the property and what it is used for, including money owed, the money gained, and taxes, play an essential role and can cause headaches […]

  • Starting a business? Understand intellectual property

    intellectual property

    When Ohio entrepreneurs have an original idea that they feel can fill a gap in a certain industry, they may wonder how no one has come up with the idea before. Though it is entirely possible to come up with a concept, product or service that others have not offered, all industries continually move and […]

  • Is arbitration right for every business dispute?

    arbitration agreement

    These days, it is not unusual for business owners across the country, including those in Ohio, to consider alternative dispute resolution methods. In particular, including arbitration clauses in business contracts to ensure that any dispute is resolved with this method rather than litigation is not usual. However, before company owners consider this method the best […]

  • Restrictive covenants, contracts may protect company interests

    restrictive covenants

    Running a business is a risky endeavor, which is why it is essential for business owners to take precautions to protect their companies. Often, owners will implement contracts and agreements that can reduce the chances of a person associated with the company causing issues that may lead to damages. For example, many Ohio business owners […]

  • Can businesses head off product liability lawsuits?

    product liability

    In most cases, Ohio businesses can only stay afloat as long as there is satisfaction with and interest in their product or service. In some cases, a particular product or service may no longer be in as high demand, or interest may wane for other reasons. In other instances, a defect or danger with a […]