Many businesses throughout Kentucky and across the country have fallen on challenging times for a perfect storm of reasons including: The COVID-19 pandemic Interruptions in supply chains Inflation Labor shortages Street violence and property destruction Burnout and...
Setting up your business as a corporation generally has the advantage of shielding individual officers, directors and shareholders from liability for business losses and debts. The corporation has its own credit rating and contracts are signed on the corporation’s...
The perception held by much of the United States is that Colorado is a marijuana free-for-all, that anyone can freely sell marijuana in the streets with impunity. However, anyone running a dispensary or any kind of marijuana business in the state knows the strict...
Starting a new business is an exciting venture, but it is also demanding and complicated. The fact is that not all new business ventures succeed, which means there is a chance your business will not succeed. How you start your business can be the most impactful factor...
Business entrepreneurs and proven company principals spanning Kentucky wear many hats. Put another way: Key decision makers in enterprises across the state customarily have a lot on their minds. Their mindset is broad-based, with ample time and creative energy being...
In part 1 of this post, we introduced the concept of the noncompetition agreement that an employer may require an employee to sign that will restrict by contract the employee’s right to engage in competitive employment or business activity after they leave. We talked...
Often Kentucky businesses and professional practices wish to restrict employees from leaving to work for the competition. They may have legitimate concerns about a former employee taking with them knowledge of the industry and of the business, goodwill with customers...
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....
Disputes are almost inevitable in the business world. They are a persistent risk right from when a business opens its doors. All business owners know this, but they should know the most common disputes they might deal with – as well as how to mitigate the risks. 1....
While most people in Kentucky and across the country understand what it means when a company goes public, a lesser-known process through which a business may accomplish this is a reverse merger. Unlike a traditional initial public offering (IPO), a private company...
