Archive for Small Business Law

Get It In Writing! Understanding the Ohio Statute of Frauds Part 5: Sale of Goods Over $500

Friday, August 5th, 2011

Purchasing goods is a routine necessity for most people. No matter what we are purchasing, we want to make sure that we are getting what we have promised to pay for, or we are receiving the money promised for the goods we are selling. This is increasingly important in situations where there is a large [...]

Get It In Writing! Understanding the Ohio Statute of Frauds Part 4: Interest in Land

Friday, July 22nd, 2011

Land can be at the center of many disputes, ranging from leases to the buying or selling of property, from property inherited across generations to interests in land acquired through new business or personal relationships. (For a discussion on the importance of putting promises made in consideration of marriage into writing, see Part 3 of [...]

Get It In Writing! Understanding the Ohio Statute of Frauds Part 3: Marriage

Thursday, June 30th, 2011

In Part 2 of our series on the Ohio statute of frauds, we talked about the necessity of getting personal guarantees in writing in order to protect against potentially huge business and personal losses. Another area where personal loss can be quite large and unexpected is in the area of marriage. The union of marriage [...]

Get It In Writing! Understanding the Ohio Statute of Frauds Part 2: Personal Guarantees for the Debt of Another

Wednesday, June 15th, 2011

When debt creeps into the everyday operation of a business or personal affairs, it may come as a relief for businesses and individuals to receive a personal guarantee by another to pay it off. Because of the implications of debt, it is important to know when that guarantee can be enforced. In Part I of [...]

Get It In Writing! Understanding the Ohio Statute of Frauds Part 1: Performances Within One Year

Monday, June 6th, 2011

Oral agreements are made every day. The enforcement of those agreements, however, can become difficult if the agreements are subject to the Ohio statute of frauds. Indeed, the statute of frauds, which requires certain types of agreements to be in writing, can cause an otherwise valid agreement to be unenforceable, leaving the parties with little [...]

Crumpton Law In The News

Sunday, April 24th, 2011

Last Wednesday, Crumpton Law filed suit on behalf of its clients against rapper Afroman. The breach of contract and unjust enrichment lawsuit against the Grammy nominated Rapper received international coverage. You can read more about the suit in the following media outlets: Los Angeles Times, Gawker, Chicago Tribune, NPR, MSN, Baltimore Sun, USA Today, OK [...]

Court of Appeals Ruling emphasizes the importance of an Operating Agreement

Friday, March 11th, 2011

A recent Marion County case demonstrates the importance of a well-written operating agreement for members of an Ohio limited liability company. On March 15, 2010, the Courts of Appeals in Marion County ruled monies contributed by one member of the corporation were really a loan and that an initial investment of $225,000 by the other [...]