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When creating a new small business in Ohio, you'll need to learn about many small business law topics. The more you learn about the laws affecting your personal and business liability, the better you can protect yourself from costly penalties and criminal charges.
For business owners in Cleveland, Cincinnati or Columbus, it's important to understand state and federal laws and know how to proceed when a legal issue develops. LawInfo has the Ohio small business law information you need from choosing a business structure to setting up employee benefits.
You can reduce your personal and business liability for financial loss by purchasing business insurance. There are many insurance policies that cover a wide variety of liabilities. Not every policy will be right for your business, though. You'll need to assess your business's liability risks to determine the type of policy it requires. Every insurance provider will assess your business's risks during the underwriting process to determine coverage and premiums.
Among the various policies you'll find, some of the most important include:
If you require several insurance policies, you may consider purchasing a business owner's policy. This type of policy combines separate policies into a single policy package, which helps reduce your premiums. Insurance providers may offer pre-made or customizable business owner's policies, but not every type of individual policy can be included in one.
At some point in your small business's lifetime, you'll want to protect its intellectual property from unauthorized use by competitors. This type of property includes your business's name, inventions, publications, products, logos, etc. There are three types of intellectual property protections available to small businesses in the U.S.:
The U.S. Patent and Trademark Office issues and maintains a database of intellectual property protections.
Legal issues crop up for all businesses, be it contracts, taxes or employment. Legal questions and issues will vary widely by industry and it's a good idea to consult a business attorney beforehand. But a small business owner may encounter legal issues such as:
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified business lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local business attorney to discuss your specific legal situation.