In today’s world, change seems to be occurring at lightning speed in almost every aspect of our lives. A business’ secrets are spilled across the globe in a matter of seconds creating turmoil and huge losses and gains in the stock market.
While choosing a successor isn’t something that needs to happen immediately upon starting a small business, small business owners need to start planning for succession as soon as their business is off the ground enough that it can be reasonably assumed to have some sort of future.
If you’re a new business owner, or considering starting your own business, it’s important to have all of your bases covered as you begin your journey. You may be ready to start your own business now, or maybe you’ve got a great idea for a start-up brewing in your head.
The Ohio Secretary of State's (SOS) business website (http://business.ohio.gov) has a wealth of information on starting your business, financing, and even offers you the ability to conduct name searches and file formation documents electronically.
Setting up a living will and health care power of attorney is relatively straight forward. The Ohio State Bar Association (OSBA) provides an online pamphlet that touches on many of the issues and questions you may have regarding these important documents.