Ohio businesses, like enterprises across the country, run a gamut of sizes and types. Cities across the state, and small towns in between, have vibrant and growing pockets of corporate vitality that enrich their communities. Dayton is certainly no exception to that, of course, with the city and surrounding region housing an exceptionally eclectic and dynamic commercial infrastructure. The Dayton area contains some of Ohio’s most important and profitable companies, which contribute immeasurably to the region and state in areas ranging from transportation, media communications and manufacturing to health care, education and a host of other concerns. All those enterprises …
What are the central attributes of a tax-exempt organization?
Why does one organization pay local, state and federal income taxes, while another is exempt from such exactions? A responsive answer to that question must focus foremost and initially on an entity’s stated and actual objectives. Is the entity a business enterprise driven primarily — if not exclusively — by a money-making motive intended to profit its owners, managers and employees? Or, conversely, was it established with an aim to promote one or more charitable objectives? When many people think of tax-exempt organs, they likely think — and reasonably so — of organizations in Ohio and elsewhere that are somehow …
Taxes, liability and more: much for a business to think about
A writer in a recent media focus on law and business planning calls it “a crucial decision that has to be made right at the outset of the entity cycle.” We closely endorse his view on structural choice and related considerations on a page of our website spotlighting entity organization and enterprise strategy, noting that, as a commercial entrepreneur, “you must thoroughly evaluate your business model, management style and goals before choosing a structure.” In the Accounting Today article referenced above, tax specialist/editor Roger Russell reminds readers that, while tax-related implications “are a significant driver in determining which entity structure …
Tax-exempt organizations: laudable goals, considerable regulation
If you have any questions or concerns regarding tax-exempt organizations in Ohio or elsewhere, we modestly suggest that you might reasonably want to contact the legal team at Coolidge Wall. As we note on the website of our Dayton law firm, “For more than 165 years, we’ve been providing legal services to corporations, non-profit and businesses of all sizes in Ohio and throughout the world.” In fact, our firm was established in 1853, which gives us an enviable starting point from which we have been assisting diverse business clients with wide-ranging needs. Tax-exempt entities in particular can have many discrete …
Mergers, acquisitions: proven counsel can promote positive results
One thing that is centrally true of any successful company in Ohio, nationally or internationally is that it is not static. That is, its business operations are overseen by principals who understand that purposeful change — well-considered and carefully prepared adjustment — is often a necessary component for sustained excellence and enduring profitability. Winning businesses are dynamic, inquisitive, exploratory and always on the lookout for continued company development. That “eye on growth” mentality often results in business owners and ranking officers proactively searching for new ways in which to expand and prosper. One such strategy focuses upon purchasing another company …
Workforce issues: many and challenging for any business
A well-trained, diverse and employer-committed workforce is at the top of any list of variables that define and centrally contribute to business success. A company in Ohio or anywhere else with exemplary employees is already halfway home when it comes to a prospering bottom line. Notwithstanding that, though, it is a flat business reality that employee-related matters can be challenging. As we stress on our business law website at the historically long-tenured and proven commercial law firm of Coolidge Wall in Dayton, “managing personnel issues … can be a difficult and delicate task.” That is precisely what we help employers …
Tax considerations for an Ohio business: running the gamut
Businesses in Ohio and throughout the country vary significantly, of course, with the goods and services they offer consumers being richly distinct. Given that reality, shared uniformity among businesses, although seen to some extent, seldom exists in any broad-based way. If one company is a grocery retailer and another an auto-parts distributor, for example, their respective business plans will obviously differ in material respects. At least in one sense, though, all enterprises share a common bond, regardless of their business pursuits, and that is this: a close and unremitting tax-related focus. We reference that truth on the business and commercial …
A core determinant of business success: a well-executed contract
Diverse business clients in Ohio, as well as nationally and across the globe, that the proven attorneys of Dayton-based Coolidge Wall — one of Ohio’s longest-tenured law firms — have successfully represented over many decades centrally share at least one important attribute. And that is this, as noted on a relevant page of our firm’s website: a “good contract.” That likely seems a flat truism to most of our readers, with it being an obvious fact that a successful business relationship between two or more entities is unlikely to ensue and sustain itself in the absence of a clear and …
Protecting vital interests: noncompete and nondisclosure agreements
Diverse businesses operating in virtually every industry in Ohio and across the country contemplate a corporate double-edged sword when it comes to some highly valued employees with key skills and intimate access to proprietary data. And that is this: They obviously want to secure the employment of such individuals, but they must also safeguard the business against the possibility that those singular workers might leave the company in the future and compromise confidential information by revealing it to competitors. We clarify that concern on a website page at the long-tenured Dayton law firm of Coolidge Wall that discusses noncompete and …
Your optimal business structure: hardly a one-size-fits-all decision
Business organizations in Ohio and across the United States come in myriad forms, and for eminently sound reasons. Fundamentally, of course, no single business structure can be uniformly applicable for all enterprises. Business principals in one instance might be comprised of just a few members and focused predominantly on exercising close control through a family-owned company or a closely held corporation. Conversely, it might be the case that partners are highly concerned with risk-related implications and seek to address that concern through formation of a limited liability company. In many business scenarios, rapid growth is envisioned, which can logically drive …