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Things to include in an employment contract

Your business is growing. Business has been so good, in fact, that your mom and pop operation now needs more employees. Before you can place a help wanted ad online, you may want to consider drawing up an employment contract for your potential new employee. The problem is, you have never created an employment contract, and you have no idea where to start.

A review of business buyout agreements

A Kentucky business can have multiple shareholders who have ownership interests in the entity. From time to time, though, those shareholders may leave the business and need to divest themselves of the ownership rights and shares that they hold in the business. A buyout agreement is a contract that dictates the terms by which a shareholder may sell off their business shares and states whether the business itself has a right to buy the shares back.

Different business structures exist for different purposes

Starting a business can be a big endeavor for a Danville resident and it is important that they open their new entity with the best possible business plan in place. Business planning can begin even before a person knows exactly what their business will achieve and should involve a careful assessment of the business structures they may implement before they open their entities' doors.

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Sheehan, Barnett, Dean, Pennington, Little & Dexter, P.S.C.
114 South Fourth Street
Danville, KY 40422

Phone: 859-965-1072
Fax: 859-236-1483
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