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Contracts for property management must be reviewed carefully

Owners of commercial real estate may have vast portfolios of properties or they might have properties with multiple tenants. Keeping track of everything can be taxing, especially for those who have other business ventures. These individuals might opt to hire a property management company.

If you choose to work with a property management company for your commercial property, make sure that you pick a company that's familiar with your market and that can put your interests first. The professionals who work for the company are responsible for several facets of running the rental; however, they ultimately answer to you for what happens.

Address emotional reactions to the end of your marriage

The emotions that come with a divorce can be strong. In some cases, they are unexpected. The fact is that the relationship you thought would last forever is ending, and you are probably going to grieve that loss. You'll likely go through this even if you're the one who pushes for the divorce.

Being able to get your emotions under control may help you to address the practical matters of the split in a more logical manner. One thing for you to remember during this time is that you may go through an emotional roller coaster. You might bounce from elated that you're almost done with the situation to depressed that you're facing life as a single person. This is normal.

What's considered as reasonable protection of your trade secret?

A "trade secret" is any proprietary information that someone possesses that may give them a competitive advantage over others. Anyone who claims rights to a trade secret must be able to clearly define what it is and take reasonable steps to protect it from being made public.

Many individuals have difficulty making sense of what qualifies as a trade secret. Devices, formulas, recipes and patterns may all be considered as such. Any recruiting, accounting and other financial or legal information may also be thought of as a trade secret. Training manuals, blueprints or drawings or training results may be as well. Any customer data, purchase or marketing materials can be considered as trade secrets. So, too, can any unpatented products, designs, processes or research regarding any of these.

Avoid discrimination during the hiring process

As a business owner, you may already know how challenging the hiring process can be. You may be looking for someone who brings special skills or connections to the company, or you may want to hire someone who will be loyal and remain on your team for the long haul. Essentially, however, you want to find employees who are qualified and able to perform the duties of the job.

Under the Americans with Disabilities Act, you must consider certain rules through every phase of the hiring process. From the moment you place an ad or recruit for an opening, during the job interviews, and beyond, the ADA attempts to protect those with disabilities who may otherwise be qualified to work in your company. It is critical that you understand the restrictions and responsibilities the ADA places on you before you begin the hiring process.

Tips for finding investors for your start-up company

Some businesses rely heavily on investors when they're first getting started. It's imperative that you take the time to ensure that you're looking in the right places for them. It's going to take some homework for you to connect with a network of people who are good fit for your company.

One of the first decisions you'll need to make is whether you're going to yield some control to the investor or not. Some individuals will invest in a company without the requirement of being involved with the business. Others will want to have a say in certain aspects of how the company is run.

Is your ex entitled to your Social Security once you divorce?

Many individuals rely heavily on their retirement, Social Security (SS) and other benefits to cover their expenses as they age. This is why it can be quite nerve-wracking for many if they're presented with divorce papers later in life.

You may be concerned about your ability to maintain the same standard of living that you've grown accustomed to over the years. If you throw into the mix that your ex may be entitled to a portion of your SS benefits if you divorce, it may make things even more stressful for you.

Marriages often wear down slowly to lead to divorce

The decision to divorce is one that usually isn't made lightly. In most cases, people try to take every step possible to salvage the marriage with the person who they vowed to spend the rest of their life with. What shocks some people is that the reason for divorce isn't always a sudden event. Instead, there's likely a slow series of things that's wearing the strength of the marriage down.

People tend to focus on the final straw when they look into the reason for divorce. For example, if a person had an affair, that event will be cited as the cause of the divorce. People might not look beyond that to see that there was a compatibility issue between the spouses or that there was a lack of intimacy over the years that led the person to have an affair.

Why a special needs trust could important for your family

Every family is different, and this is why every estate plan should be different as well. There is no such thing as a one-size-fits-all strategy for planning for the future, especially if there are specific, complex concerns that are unique to your family. If you have a special needs child or are caring for a special needs loved one, this should be a factor in your planning efforts. 

A will is the basic foundation of any good estate plan, but there are other types of protections that could be important for you. Through a special needs trust, you can plan for the care and support of your loved one long after you are gone. The future is unpredictable, but through careful planning, you can face the unknown and the unexpected with confidence.

Remember these points to establish an LLC

When you're starting a business, one key decision you have to make is what type of entity you want to use. Because of the division between your personal assets and the company, you might decide to form a limited liability company, which is commonly known as an LLC.

If you want to establish an LLC, you have to ensure that you've considered some key points. Being prepared to handle these points ahead of time can help reduce the stress and make the entire process easier.

Know how to handle property division matters in divorce

Kentucky uses the principle of equitable distribution for property when a couple divorces. This means that things are divided based on what's fair without consideration about whether the terms are equal for both parties. While it might seem as though one party might get a worse deal that the other person, this standard usually makes it easier to work through these matters without having to go through a divorce trial.

Many people choose to try to work through the property division process via mediation or a similar method because they have some control over who gets what. If you have to let the court decide, you lose that ability.

Call 502-584-1000 to speak to a lawyer today.

  1. Charles W. Dobbins, Jr.

    Charles earned his J.D. degree from the University of Virginia in 1974

    He was graduated from Washington & Lee University in 1970 with a B.A. with Distinction

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    Mark W. Dobbins

    Mark earned his B.A. from Emory University.

    He earned his J.D. from the University of Louisville.

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    Patrick T. Schmidt

    Patrick earned his B.S. in Accounting from the University of Kentucky in 1989.

    He earned his J.D. from the University of Kentucky in 1992.

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    Terrence L. McCoy

    Terry earned a B.A. from Dartmouth College in 1964.

    He earned his J.D. from Duke University in 1967.

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    Lisa Koch Bryant

    Ms. Bryant has extensive commercial litigation and bankruptcy experience. Prior to entering private practice, Ms. Bryant served as head of litigation for the Federal Land Bank of Louisville.

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  2. Wm. Stephen Reisz

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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    Sandra F. Keene

    Sandra earned her Bachelor of Health Science degree, with Honors, from the University of Louisville in 1982.

    She earned her J.D. degree from the

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    Elizabeth M. Jenkins

    Colgate University, B.A., Political Science, magna cum laude, 1983

    University of Virginia, J.D., 1992

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    Edward L. Galloway

    Ed graduated from Indiana University in 1967 with a degree in history.

    After obtaining a master’s degree in political science from the University of

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    Thomas G. Karageorge

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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  3. Tacasha E. Thomas

    Tacasha attended Harvard University in Cambridge, Massachusetts during the summer of 2001, where she studied courses in law and psychology.

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    Ayala Golding

    Ayala received her J.D. in 1994 from the University of Louisville, Louis D. Brandeis School of Law, Louisville, Kentucky, where she was a member of the Brandeis Family Law Journal, and

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    Kacie A. Wilkinson

    Kacie A. Wilkinson recently joined Tilford, Dobbins & Schmidt, PLLC, where she practices in the areas of business law & transactions, real estate, estate planning and probate.

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    Gwendolyn Chidester

    Gwen recently joined the Firm after being employed by notable Louisville companies for over 15 years in a variety of capacities including Corporate Counsel, Director of Human Resources, and Risk Manager.

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    William A. Buckaway, Jr.

    Bill earned his B.A. from Centre College in Kentucky in 1956.

    He earned his J.D. from the University of Louisville in 1961 where he was a

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    Terrell L. Black

    Terry earned a B.S. in Social Science from Campbellsville College in 1966.

    In 1969, he attended graduate school at Eastern Kentucky University focusing on

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    John A. Wilmes

    John was admitted to the Kentucky bar in 1977 and admitted to practice before the U.S. District Court, Western District of Kentucky in 1979.

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