When investing in commercial property in Cincinnati, prospective buyers are often eager to seize opportunities for growth and profit. The National Association for Industrial and Office Parks reported that Ohio ranks third in the United States for commercial real...
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Year: 2023
Collect outstanding debt according to FDCPA guidelines
Business owners in Cincinnati, Ohio, who collect debt must understand and follow the Fair Debt Collection Practices Act. In 2021, the Federal Trade Commission reported they had sued over 300 companies in the previous 10 years for failure to adhere to FDCPA...
Common causes of contract disputes
Contracts are legal agreements that outline the terms of a business deal or arrangement. Proper drafting is key to avoid disputes, which can lead to strained relationships and other issues. You cannot always prevent contractual issues, but knowing why disputes occur...
Buying vs leasing commercial property
When it comes to securing a commercial space in Ohio, the decision between buying and leasing can significantly impact your business's financial landscape. Each option carries its own set of advantages and considerations. The perks of buying Purchasing a commercial...
4 reasons businesses need to focus on cybersecurity
In today's digital landscape, technology centrally influences business operations. Businesses, regardless of size or industry, face a myriad of threats in the online realm, emphasizing the critical importance of cybersecurity. 1. Protection against data breaches The...
Judicial foreclosure defense: Protecting your investment and rights
The daunting prospect of commercial foreclosure can be a harrowing experience for business owners and property investors. It is a scenario that no one ever hopes to confront, yet it is a reality that countless individuals find themselves in when their commercial...
The balance between creditor and debtor rights in Ohio
Creditors play a significant role in Ohio's financial landscape. To protect their interests, Ohio has established a legal framework that outlines the rights and actions available to creditors. There are some limitations on the actions creditors can take and debtors...
4 ways to deal with lease agreement breaches
Commercial property owners often face the challenging situation of dealing with lessees who break their lease agreements. When confronted with this issue, it is important to take prompt and decisive action to protect your property and financial interests. 1. Review...
Will I get in trouble for receiving gifts for referrals?
RESPA, or the Real Estate Settlement Procedures Act regulates real estate transactions, particularly those involving mortgages and settlement services. Its significance lies in mandating clear disclosures of costs and prohibiting kickbacks or referral fees that could...
When is it appropriate to use a nondisclosure agreement?
Businesses thrive when they efficiently use their resources for progress and growth, such as intellectual property (IP). Unlike other assets, information can be challenging to secure, especially when various people need to access it to keep the business running. As...