Contracts are the foundation of modern life and affect businesses and individuals equally. Whether you are buying a car, a home, purchasing spare parts or selling product, everyone wants a good contract, but the question is, what makes a contract good. Contracts are about setting boundaries and managing expectations. Every contract is different because the needs and the priorities of the people entering into the contract are different each time. A good contract must begin with an accurate assessment of what is important to you, and what needs to happen when something goes wrong. It takes an attorney with experience, not just in the law but in the real world, to draft successful contracts. Here at John Shryock Co. L.P.A., not only do we bring over forty years of legal experience to the table, but also life experience in the areas of manufacturing, real estate and leasehold matters. We can help you avoid the pitfalls of boiler plate agreements and ensure that your rights are protected now, and in the future. If you need assistance with contracts, call or email the attorneys at Shryock, Crook & Associates, LLP, today for a free 30-minute consultation.
Given the increasing specialization in business today, Joint Ventures are becoming a more and more common way to bring parties together to meet a market need, and to share in market rewards. While they are an excellent vehicle that can allow you to service numerous types of markets, especially government contracts, they have their downside. An improperly formed joint venture can lead to issues on decision making, profit allocation, taxation issues and responsibility for defending any lawsuits. To avoid these problems, a detailed and well-thought-out joint venture agreement must be the starting point for anyone considering the formation of a joint venture. For more information and experienced advice on the potential benefits and problems of joint ventures, call or email John Shryock Co. L.P.A. today for a free 30-minute consultation.
Business Structure: Whether you are forming a new business or wondering whether your current business structure is the best for your individual circumstances, it is important that you have all the facts before you. There are a lot of choices available, Incorporation, Limited Liability Company, Partnership, Limited Partnership, and many other ways in which you can form and run a business. The information can be overwhelming, and making the wrong decision can be costly. It is important that when you are weighing issues of business entity type, you have experienced counsel that you can rely upon. While cookie-cutter solutions offered on the radio, television and online may sound financially appealing in the short term, they can end up causing serous financial problems down the road. To talk to someone who can help you evaluate the difficult and complicated issues call or email John Shryock Co. L.P.A. today for a free 30-minute consultation.
Limited Liability Companies may be the most misunderstood of all the potential business entity structures existing today. Many business professionals still lack an understanding of the benefits and detriments of this type of business. Before you decide to form a business, make sure that you understand what your goals are, and how your choice of entity can affect you and your family today, and down the road. If you are considering forming a business, or have already formed a business but have questions on what your choice of entity structure actually means, call or email the attorneys at John Shryock Co. L.P.A. today for a free 30-minute consultation.
Incorporation was at one time the most popular choice for small to midsize business entities. The question for business owners today is whether it is more structure than is needed to protect their interests. Corporations present issues with relation to record keeping, transfer of ownership, and control that can often be avoided or managed better by selecting another business entity type, such as an LLC. The best way to know what type of business entity works for you is to consult with a professional. If you are considering incorporating, or have already incorporated a business but have questions on what your choice of entity structure actually means, call or email John Shryock Co. L.P.A. today for a free 30-minute consultation.
Manufacturing and Heavy Industry present unique legal issues that the savvy business owner needs to be aware of to protect the financial health of his or her company. In Ohio, contracts do not have to be in writing to be enforceable, but oral contracts come with their own risks, based on the time it will take to perform the contract and the nature of the property or work that the contract deals with among other things. Boilerplate order forms create their own problems as well. The simplest way to avoid disputes, and in the case of dispute, to give you the strongest legal position possible, is to develop a comprehensive contract strategy for your business. Here at John Shryock Co. L.P.A. we have helped several local businesses develop contract policies and procedures that not only help them avoid potential litigation, but help them reduce their overall legal costs through the use of flexible documents that can be tailored to fit multiple needs. If you want to streamline your contracting procedure, avoid unnecessary disputes and gain stability in your business relationships, call or email John Shryock Co. L.P.A. today for a free 30-minute consultation.