Business FAQ

Answers To Your Business Law Questions

Every business has complications and legal issues that arise. Whether you are leading a new startup company or you are an executive for a well-established corporation, you are certain to need legal representation from time to time.

At Gatlin Voelker, PLLC, we handle all types of business matters for clients throughout Northern Kentucky and Ohio. Our attorneys bring exceptional experience, knowledge and professionalism, and we treat each of our clients like they are our only clients. We are here to answer your business law questions and help you obtain the results you need.

How can I pass my business on to my children after I retire?

Passing your business to your children after retirement is a common goal for many people with business ownership interests. There are three ways to do this:

Gifting your shares of your business to your children
Selling your shares to them
Gifting or selling part of your shares to them

In most cases, it makes the most sense to sell your shares, but there are circumstances that sometimes suggest a different approach. One example is a business heavily laden with debt. In these cases, an outright gift might be a better choice. Before transferring any shares, you should talk with a lawyer.

Do I need to form a business entity if I’m the only person In my business?

Absolutely. Forming a business entity can help you avoid personal exposure if someone sues you, and it will help protect your physical property if something goes wrong with your business.

How do I form a business entity?

An attorney can help you determine what type of entity is best for you and help you file the appropriate paperwork. Different entities will protect your business and your personal assets in different ways, and they will have different tax requirements. At Gatlin Voelker, PLLC, our lawyers can walk you through the entire process and explain all of your options.

My business partner breached our contract. When should I speak with an attorney?

You should contact a lawyer as soon as possible. Make sure you have a copy of all relevant correspondence, contracts, and other documents accessible and available.

Contact Our Lawyers

To discuss a breach of a partnership contract or any other business-related issue, call 859-535-0155 or email the firm today.

When it comes to legal services, your business deserves the best. Contact our office today to make an appointment.

“His staff rolled the red carpet out for me and never missed a beat when it came to responding to my various questions and concerns of my case in a timely manner. I highly recommend their business law services to anyone who needs legal counsel for their company.”
— TP, Northern Kentucky Resident

Speak to one of our attorneys