Business law

One of the most important decisions someone can make when starting a business involves the type of business that they create. A business's structure influences everything from tax obligations to personal liability. The average entrepreneur puts a lot of thought into...

Starting a new business is an exciting venture but can also be full of challenges. To ensure your startup's success in the Bluegrass State, avoiding common pitfalls is crucial.  Here are some mistakes startup businesses should avoid. Neglecting legal compliance One of...

When it comes to picking a business partner, you have to be savvy in your quest. The last thing you want is to team up with a partner who does not share the same ideals as you. Sometimes, however, things don’t always go to plan. So how do you know the business...

Shareholders typically play a very important role at a corporate entity. They invest in the business, which helps the company grow. They also have certain rights that can help influence the direction that the company takes. Shareholders may attend meetings where they...

In the ever-changing business landscape, partnerships sometimes reach a point where they no longer align with the goals and vision of the involved parties. When this happens, it can become necessary to dissolve the partnership and explore new opportunities that better...

Negotiating a business contract is a way to make company operations more predictable. Having employees under contract and vendors bound by agreements to deliver supplies on a specific schedule can help a company more effectively schedule its operations and control its...

When companies need funds or want to access the national marketplace, they may start offering stock for sale, allowing existing and/or potential shareholders the opportunity to purchase an interest in the company. Shareholders often provide crucial funding to help...

Are you planning to add a new face to your business? Whether you’re starting a new business or an employee recently resigned, you’re most likely looking forward to signing the shiny new employment contract. However, before signing the contract, you need to think about...

Working with a business partner has been both positives and negatives. However, if you maximize the pros and find ways to solve the cons, you and your partner can create a successful business in Kentucky.  You can either choose a business partner during formation or...

If you’re a business owner, you may have heard of the three-generation rule. It is certainly not an official rule, but more of an observation about how things tend to play out. The rule states that most family businesses will fail by the third generation. This means...