Cincinnati Contract Lawyers
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Legal Services Offered by Our On-Demand Cincinnati Contract Attorneys
The Cincinnati contract attorneys & lawyers on UpCounsel are dedicated to helping businesses save time, money, and peace of mind with contract drafting and review, negotiations, litigation support, discovery, commercial business transactions, and more.
Our independent contract attorneys are available on-demand to provide contract legal services for businesses or to support your in-house general counsel to help lighten the load for transactional matters or litigation support.
Although the work of the Cincinnati contract attorneys found on UpCounsel often varies they are highly experienced in legal contract activities such as commercial contract negotiations, document review in response to document subpoenas, request for production of documents, legal research, draft legal briefs, along with providing a full range of other contract legal services to businesses of any size.
Improve Your Legal ROI with Affordable Contract Attorneys that service Cincinnati, OH.
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- 4 min read
What is Authorized Stock?
Authorized stock is the number of shares a company is allowed to give away to shareholders. This number is stated in the company's charter. In the United States, this is called the Articles of Incorporation.
Authorized Stock is also called authorized capital stock, authorized shares, or authorized share capital. This number can only be changed if the current shareholders approve it. This is done with a vote (and a lot of paperwork). Due to this, many companies have a higher authorized stock number than the number of stocks they plan to issue.
Why Are Authorized Shares Important?
- Many states and international articles of incorporation, called memorandums of association in some countries, require companies to authorize shares.
- This number will have a direct effect on how much you will pay in fees when you incorporate. This amoun
- 5 min read
What Are Cumulative Dividends?
If a dividend is sharing company profits to shareholders, then a cumulative dividend is a distribution made to the holders of special "preferred" shares regularly. It is unrelated to company profits.
Regular or "noncumulative" dividends are voluntary. This means the Board of Directors has the option of awarding them. This usually depends on how the company has performed each year.
However, paying cumulative dividends is mandatory. If the company can't pay out a cumulative dividend in any given fiscal year, the amount for that year is carried forward. It must always be paid out before any payments to common shareholders.
Not all "preferred shares" have the right to receive cumulative dividends. Some cumulative preferred shares carry limitations. For example, the company may only have to pay cumu
In the business world, companies merge all the time. Today startups are doing the same to expand and change the way they do business. An acquisition involves buying a company and changing it to fit the way you do business. The goal is to create a new company made of the best parts of your business and the proven parts of another.
A startup would buy another business for various reasons. These reasons include access to new technology and access to new markets. Buying a company can mean being able to make new products and having access to new resources or fresh management talent. However, if you handle an acquisition poorly, your business could take on the mistakes of a broken organization and heavy losses.
Here is a step-by-step guide of how a startup acquires another company.
1. Make a Plan
Look at the reasons to buy a company:
- 6 min read
Starting a business can be overwhelming - the breadth of knowledge required can be staggering for those who come unprepared. Not only do you have to determine the market viability of your product(s), assess the financial issues, and invest valuable time and energy into growing the business, but it’s critical that you consider various “boring” legal and administrative concerns as you begin your journey.
Before you start a business in Indiana, familiarize yourself with the state's laws.
Indiana is a right-to-work state, which means the state has some additional laws for you to follow, especially if you are considering a unionized workforce.
You should also be familiar with your area's local rules. Some cities and/or counties have additional rules that businesses must follow.
Steps to Starting a Business in Indiana
One of the first things you'll do when starting your
- 3 min read
To start a transportation business, you will need to decide which type of business you intend to create. Options include: a taxi service, bike rental, limousine service, owner/operator trucking, moving company, specialized transportation service, livestock transportation, transporting boats, air transport, marine shipping, medical transport or services for seniors. The type of company you use to establish should be determined based, among other things, on the need and competition in the area you decide to work in. Once you figure out what you want to transport,you'll need to build a plan to establish how you are going to provide these services.
Determine What Kind of Business You Want
Do you want to run a sole proprietorship, limited liability company, or corporation? Each of these has specific advantages and disadvantages. Do your research and figure out which one you want, as they each have different requirements for yo