Going into business with a family member or friends has its advantages. For starters, you have an existing relationship – forming a business partnership can feel natural. Further, you understand each other's strengths and weaknesses. Accordingly, you will know how to...
Business Law
What does business defamation look like?
In business, reputation is everything. A string of good reviews can see customers coming through your door for years. A single bad review can put a significant dent in progress. That being said, people are entitled to express their opinions freely. However, there is...
Who can legally grow cannabis in Kentucky?
Marijuana or cannabis laws in Kentucky have changed drastically in the last few years. Although the recreational use of cannabis is still illegal, the state has followed the example of many others by instituting a medical marijuana law. Individuals with certain...
Tips for dispute resolution with a business partner
Starting a business with a partner is kind of like starting a band. You've got the shared dreams and the blend of talents. But you also have the occasional creative differences about which direction to take next. And just like in a band, when those differences turn...
Signs that a merger may not be beneficial
Running a company can be challenging as you continually try to implement effective corporate strategies. There are numerous options at your disposal, including corporate mergers. Essentially, a corporate merger involves fusing two separate brands together to form one...
How to keep investments private
Investments are crucial for individuals who want to secure their financial future. However, some people prefer to keep their investments private. There are several reasons why someone would like to do this, for example: Not drawing attention to their wealth Protect...
Yes, every entrepreneur should have a business succession plan
With the hit HBO show “Succession” in its final season, we hope business owners have learned that it’s in everyone’s best interest to put a succession plan in place right away. It’s true. From startups to well-established businesses, every company needs to have a...
Steps to take when closing your Kentucky business
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...
When might you be held personally liable for a corporate debt?
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...
What Colorado cannabis companies need to know about the changing laws
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...