Once someone has a judgment against another, the State of Ohio has a number of ways to collect on the judgment. These include wage garnishments, bank garnishments, recovering property, taking and selling property, and placing liens on real estate. Each of these methods can be effective means of recovering the money awarded to you by the court. Aggressive representation can help you recover your money before it disappears.
When disputes over the work performed, the product or payment arise, an experienced attorney can protect your rights. Aggressive representation often starts with negotiation, followed by filing a lawsuit to force the other side to do what they promised. Equally important is knowing what to file, whether it is breach of contract, a violation of the consumer protection act, or foreclosing on a mechanic’s lien. Joining the right parties is also important, especially if yet another person or entity is obligated to pay on your behalf, such as your insurance company.
Business formation often starts with purchasing another business. This starts with a thorough buy-sell or purchase agreement. By setting forth all the important terms for the sale, neither side will have any surprises or misunderstandings.
Setting up a corporation or limited liability company (LLC) can help protect your personal assets in the event that your business experiences any financial problems. A single illness can cause a business to stop generating income, while the monthly expenses, such as rent, utilities, and advertising, continue to mount. In such an event, your personal assets can be insulated from these debts if the corporation or limited liability company is the only entity that owes the debt. It is not enough to simply file some documents with the state. An experienced attorney can ensure that the business entity is properly set up to provide this necessary protection.