After cultivating a successful business in Newport for many years, the time may come when you want to retire. At this point you may be considering closing, selling or transferring your business. If so, you will want to know some basic points on what to do when it...
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Business Law
What is the difference between a general and limited partnership?
Choosing the best business form for your purposes is an important decision. Each form carries advantages and disadvantages that must be considered. The number of participants, the nature of the business and its long-term goals will all impact which form provides the...
Surge in start-ups continuing
Economists had bemoaned the slow, inexorable decline of entrepreneurship in America since 1980. Long seen as an important bell weather of a dynamic economy, business start-ups are a key ingredient necessary for job growth and resiliency that will sustain a productive...
Is it time to incorporate your business?
Your small business in Kentucky may have seen considerable financial success over time and you may be wondering what the next step is to grow your business as you move into the future. One option that may be worth considering is incorporating your business. The...
Legal options for breach of contract
A contract is essentially the framework upon which a business operates, whether it is between partners or contractors, for purchase or sale, lease or employment. A good contract pertains to the specific needs of the business and is legally enforceable, which ensures...
Why do you need a business contract?
A business contract is perhaps the most important document a business owner needs to run his business. A contract is a promise that is enforceable by law. Making sure the contract is enforceable and has the specific elements that have relevance to your business will...
Understanding the mechanics of a buy-sell agreement in Kentucky
When two Kentucky entrepreneurs decide to join forces and create a business, they are usually filled with optimism and rarely do they give much thought to the problems their business may face as time passes. Business downturns probably receive as much or more...
Minor versus material breaches of contract
Business contracts form the backbone of any organization’s daily operations. From employment contracts to vendor agreements, owners and supervisors alike rely on various contracts to ensure the business runs as intended. Unfortunately, when the terms of a contract are...
Choosing the right legal structure for your business
Starting a business in Kentucky is an exciting time filled with many important decisions to make. One of the most important decisions you need to make early on is which legal structure or entity to choose. The right legal structure will depend entirely on the...

