Tort law in Kentucky plays a significant role in the business landscape. It focuses on civil law that provides remedies for individuals or entities harmed by the wrongful actions of others. For businesses operating within the state, understanding the implications of tort law is crucial. It not only affects legal responsibilities and potential liabilities but also influences operational practices and risk management strategies. Understanding negligence and liability A core aspect of tort law that impacts Kentucky businesses is the concept of negligence. Negligence occurs when a business fails t ..read more

Imagine buying a flashy sports car when you really need a reliable family van for five kids instead. That is the essence of an inappropriate investment — it does not align with your goals and needs. Did you know that financial professionals have an obligation to recommend suitable options that promote your investment goals? When they fail to act in your best interests, you may wonder what, if anything, you can do about it. Consider taking these steps if you believe an investment advisor or other financial professional influenced you into making unsuitable investments. Understand your situation ..read more

Before investing in a business, you need to be informed. It’s vital to know any risks associated with a company’s operations to avoid making unwise investments. What information do you have a right to? Laws protecting investors Under the Securities Act of 1933, businesses should give investors full disclosure of all material facts that investors may find important to make informed decisions. Further, under the Securities Exchange Act of 1934, companies publicly offering securities (those that allow the public to directly purchase securities) must be honest with investors about their businesses ..read more

When someone hires an investment firm or a financial advisor, they want that person to put their best interests first. The individual who is investing may believe that they don’t have the proper knowledge to maximize their investments. They do have the capital, but they need a professional to help them make the right decisions. That’s why they’ve hired the investment firm in the first place. However, these professionals are sometimes paid for every trade that they make. This could be a flat fee, such as getting five dollars for each trade, or it could be based on a percentage. The payments are ..read more

Going into business with a family member or friends has its advantages. For starters, you have an existing relationship – forming a business partnership can feel natural. Further, you understand each other’s strengths and weaknesses. Accordingly, you will know how to distribute responsibilities. However, forming a business partnership with a loved one may affect your personal relationship. Thus, you need to be careful. Here are three things to consider to protect your business and relationship. Conflict resolution When you and your loved one disagree about everyday matters, chances are you agr ..read more

In business, reputation is everything. A string of good reviews can see customers coming through your door for years. A single bad review can put a significant dent in progress.  That being said, people are entitled to express their opinions freely. However, there is an exception. People cannot damage the reputation of your business with malicious falsehoods. This is generally referred to as defamation.  What does business defamation look like?  Statements must usually be in writing  As with all legal cases, evidence is key. This is why defamatory statements should be in wr ..read more

Marijuana or cannabis laws in Kentucky have changed drastically in the last few years. Although the recreational use of cannabis is still illegal, the state has followed the example of many others by instituting a medical marijuana law. Individuals with certain debilitating medical conditions will soon be able to obtain a physician’s recommendation for cannabis use. There will, therefore, be demand for legal cannabis products in Kentucky. Who can potentially grow cannabis without violating state law? Patients cannot grow their own cannabis The medical marijuana law in Kentucky does not allow i ..read more

Starting a business with a partner is kind of like starting a band. You’ve got the shared dreams and the blend of talents. But you also have the occasional creative differences about which direction to take next. And just like in a band, when those differences turn into disputes, you’ve got to handle them appropriately.  Now, think about the times you’ve been in a disagreement. Yelling across the room never gets anyone anywhere. When you sit down with the involved parties, you start making headway. It’s the same in business. Consider these tips to help you resolve partnership disputes eff ..read more

Those investing in businesses would often prefer to do so discreetly. People don’t want to have their names tied to specific companies or have the extent of their personal resources made public knowledge.  Many investors, including those who provide substantial backing for startups and successful companies, would rather not have their names associated with the organizations that they fund. However, the ability of investors to remain relatively anonymous is about to change thanks to the upcoming implementation of the Corporate Transparency Act (CTA).  What does the CTA mean for invest ..read more

Navigating the complexities of the financial sector can be challenging, even for seasoned professionals. Recent developments around a former financial advisor, Dustin Luckett, and banking giant JPMorgan Chase highlight the intricacies and potential pitfalls individuals and institutions face.  At the heart of this unfolding story is a termination, a regulatory document and a long-drawn legal battle, underscoring the importance of precision in professional documentation and the consequences of perceived missteps. Dustin Luckett’s journey with JPMorgan ended abruptly in 2017. The reason, a p ..read more