When entering into a business agreement in Kentucky, contracts can be essential. There are different types of contracts. Some are written while others are implied. Knowing the difference is important as there are different ramifications for each. Written employment...
For prospective business owners in Kentucky, the process of getting a new endeavor off the ground will be exhilarating. Still, it is important to remember the fundamentals. A critical first step is establishing a firm business foundation in accordance with the law....
Many parents go to great lengths to treat their children equally. So, it should be no surprise that business owners often will try to divide the family business equally among the children, regardless of the number. However, some business experts believe owners should...
Knowing how to negotiate with potential investors, suppliers and co-owners is an essential part of starting a business in Kentucky. If you know how to do this with other people in your industry, you'll be able to get what you want without compromising too much. Here...
As a business owner, you are responsible for establishing your company’s culture. You will want to make sure it is a good place to work, and that you take every possible step – within reason – to keep your employees satisfied. Even at businesses with good reputations,...
When it’s time for you to retire or sell your business, do you want the person taking your place to do things exactly how you’ve done them through the years? If so, that could be a mistake. Preserving what you’ve built means it’s essential to understand how many of...
While estate planning is crucial for anyone, it is especially important for small business owners given that much of their wealth is often entangled with the business they’ve built. While this business may have been their while they pride and joy were alive, not all...