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Business Law

Small businesses play a vital role in the economy of the United States. O'Diam, Stecker & Sove Law Group advises companies and entrepreneurs about a broad range of business related issues.  We have years of experience in all aspects of business law. Our clients range in size from brand new startups to multi-million dollar corporations. 
 
We counsel our clients through the entire life cycle of their business, from the initial set-up and formation, to the day-to-day operation and management, to their ultimate exit plan. Our role is to guide you through the sometimes complex and dizzying array of legal requirements, so that you may focus on doing what is important to you – growing and expanding your business.
 

Business Startup Services

Starting a business requires thorough planning.  We assist business owners in the formation of legally sound business entities and help entrepreneurs devise business strategies that help them achieve their goals.  We work with our clients to help them choose the right business structure for their business. As part of the entity formation process, we also consult with the business owners and draft any necessary shareholder or operating agreements. By making sure that your organization is properly structured in the beginning, you give yourself a greater chance to succeed. 

The following is a summary of the types of business entities that O'Diam, Stecker & Sove Law Group offers startup services for:
  • C-Corporation formation
  • S-Corporation formation
  • Limited liability company formation
  • Partnership formation
  • Professional Corporations
  • Non-profit Organizations

Buying and Selling Businesses

For many, the merger or sale of a business is the reward for years, if not decades or generations, of hard work.  For others, mergers and acquisitions are a critical means of growth, expansion and success. Our firm can guide business owners through the multi-stage process of buying or selling a business, including:

 
  • Advising on the structure of the transaction, including the legal and tax effects of different structures
  • Negotiation of terms and drafting of a letter of intent
  • Advising sellers on legal strategies to address issues raised during the due diligence process
  • Advising buyers on conducting legal due diligence
  • Drafting, reviewing and negotiating asset purchase or stock purchase agreements
  • Assisting in Section 1031 “like-kind exchange” transactions for separately held real estate
  • Drafting, reviewing and negotiating non-compete agreements, consulting agreements and confidentiality agreements
 Preparation and Review of Business Contracts

The lifeblood of most businesses is the organization’s contracts. It is through legal contracts that a business is able to define exactly what its benefits and obligations are. Our firm consults with business owners to draft, review, and negotiate contracts related to various business activities, including:

  • Buy-sell agreements
  • Lease agreements
  • Employment agreements
  • Incentive compensation agreements
  • Service contracts
  • Sale agreements
  • Purchase agreements
  • Deposit or reservation agreements
  • Releases and waivers

Business Succession Planning

Sooner or later, everyone wants to or is forced to retire. But if you own your own business, retirement is not just a matter of deciding not to go into the office any more. Besides ensuring that you have enough money to retire, it is necessary to address what happens to the business after you leave. Some questions you need to ask yourself are:

  • Will your business carry on after you retire?
  • Who is going to manage the business when you are no longer working?  
  • How will your ownership of the business be transferred?
  • Will you transfer your ownership of the business to family, to employees, to outsiders or to some combination?
  • Should you treat family members who are active in the business the same as family members who are not involved in the business?
  • If it is necessary to finance the transfer of your ownership interest, how can you secure the buy-out?
O'Diam, Stecker & Sove Law Group provides counsel on the critical issue of business succession planning. The first step in developing a successful business succession plan is to identify what you ultimately want to achieve in selling your business. We have the experience to help you identify what it is you want to achieve and then develop the business and tax strategies necessary to meet your goals. The key to a successful plan is to start early. 

 



The attorneys of O’Diam & Stecker Law Group, Inc., assist individuals, families and business owners with Estate Planning, Advanced Estate Planning, Tax Planning, Asset Protection, Elder Law, Medicaid, Veteran’s Benefits, Special Needs Planning, Estate Administration, Tax Planning, Tax Representation, Business Law, Business Succession Planning, Farm Succession Planning and Real Estate Law throughout the Miami Valley, including Dayton, Kettering, Oakwood, Centerville, Beavercreek, Xenia, Springfield, Springboro and Troy, in Greene County, Montgomery County, Clark County, Warren County and Miami County.



© 2017 O'Diam & Stecker Law Group, Inc. | Disclaimer
75 Harbert Drive, Dayton, OH 45440
| Phone: 937-458-0574
3 South 4th Street, Martins Ferry, OH 43935
| Phone: 740-738-0750

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