Don’t let the cart get before the horse, and don’t sell your invention before you have filed a patent application. Inventors, entrepreneurs and businesses are understandably eager to secure licensing or sales arrangements for their newly invented processes,...
Haymaker Development Company, LLC, of Lexington and its owner Timothy Haymaker and businessman and philanthropist Bill Gatton and the C.M. Gatton Trust have a history of cooperative work on significant Hamburg-area commercial and residential real estate developments....
Starting a business with a like-minded entrepreneur offers many advantages to combine similar skills and share the costs as well as the risks with someone equally committed to success. However, some of the positives can turn to negatives without a clear and documented...
In part 1 of this post, we talked about the importance of business succession planning. Specifically, part of establishing your business should include serious consideration of a plan for how to handle owner divorce, exit or death. What would be the ideal outcome for...
In the excitement and busyness of starting a new Kentucky business, do not forget that it will eventually wind down, be sold or morph in some other way. Ownership interests in partnerships, corporations and LLCs can change over time, but if you do not put into place...
Owning a small business comes with considerable demand. The tumultuous 2020 has redefined the small business landscape in fundamental ways, demanding that entrepreneurs manage new risks and adapt to a changing world. Clever entrepreneurs look for creative ways to save...
