According to the US Census Bureau, 90 percent of businesses in the United States are family owned. And they account for more than half of our nation’s employment. This includes farm operations, of which 97 percent are family owned, per the USDA. Surprisingly, it’s estimated that nearly six out of ten family businesses don’t have...
Starting a new business is exciting but can be a confusing process. There are numerous decisions to be made when planning to launch and one of the first is determining the legal structure. Choosing the business type is important as it effects operations, taxes, the amount of paperwork to be filed, and how much personal...
Mergers and acquisitions are often good for small businesses. They can get more resources for production and product development and benefit from the leadership of experienced businessmen (presumably from the older, more established company). Still, such agreements are risky considering the large assets at stake. Both sides must agree on the distribution of labor and...
Starting a business can equally be exciting and daunting for some. As a new business owner, you probably have a lot of questions right now, including the legal ramifications involved. TCMSC’s commercial lawyers in Crawfordsville has the answers and can help you navigate the complex world of business. Here are five questions you need to...
By now, anyone who is reading this blog understands that the world is dealing with a situation unparalleled in recent history – a worldwide pandemic driven by a Coronavirus strain known as COVID 19. In these uncertain times, unsubstantiated fear and panic sometimes lead people to make rash or irrational decisions out of fear, which...
Fundamentals of a Contract Years ago, many personal and business deals were made and transacted with a simple handshake. If disagreements ensued, the parties could go to court and ask a judge to resolve the dispute, hopefully, in their favor. These days written contracts are the norm and, if prepared properly, they can protect the...
We are pleased to announce the addition of Suzie Smith to the team. She began as a law clerk in our office and after she passed the Indiana Bar Examination, we brought her on board! Suzie is a recent graduate of the Indiana University Robert H. McKinney School of Law in Indianapolis. She is married...
