Starting a business can be an endeavor that is fraught with risk and uncertainty. Choosing a limited liability company (LLC) is an effective, low-cost way to eliminate these risks. An LLC has many advantages, including limiting liability for members and managers and...
An Experienced Attorney Serving The Detroit Metro Area
Year: 2022
Year: 2022
What are the differences between C and S corporations?
When an entrepreneur is considering setting up a new business and is deciding which business form to select, they may wonder about the different corporate business forms. Understanding the differences between a C corporation and an S corporation can help them better...
Partnership changes often use buy-sell agreements
All lasting businesses go through partnership changes over time, whether due to retirement, death, divorce, bankruptcy or to pursue new challenges. Business partners can plan for this eventuality by drafting buy-sell agreements, also called business prenups or buyout...
Avoid business litigation by protecting new mothers
For some businesses, pregnancy can be a confusing topic as they may not know what is legally required. Indeed, not understanding what constitutes sex discrimination, as it relates to pregnancy, childbirth and related medical conditions can be complicated. But, to...
Can I mediate my EEOC complaint?
One thing that many businesses worry about is discrimination business litigation, like that involving the U.S. Equal Employment Opportunity Commission. Employment civil rights cases can take years, which means devoting resources to fighting the complaint, potentially,...
Addressing problems with a corporation’s name
In Michigan, prospective businesses or entities that need to file articles of incorporation should be fully aware of all the legal requirements to get the business off the ground. While there is a litany of issues that will arise, there are times when areas that...
Protecting your personal assets in your business
If you own your business, you know that you will have to navigate all of the possible risks and challenges that you may encounter along the way. Of course, one of your objectives has probably always been to make a profit and to become and remain successful over time....
What are the different business forms?
New business owners may wonder what the different business forms are that they can select from when setting up their new business. There are several different business forms new business owners can consider. This blog previously discussed factors to consider to help...
Checklist for forming a NFT marketplace
Technology is ever-changing, and so is the business world that relies upon it. And with these changes come new legal issues. With the growth in digital assets and nonfungible tokens, or NFTs, it is important for investors and entrepreneurs to understand the...
Government contracts: what is termination for convenience?
Obtaining a government contract can represent a boon for any business. The contract can ensure a steady and reliable income stream not often found in private contracts. But they are not without their drawbacks, as evidenced by the government’s right to terminate the...