If one of the members of a business partnership wants to end the relationship, the law prohibits simply closing a company’s doors. Instead, the dissolution of a partnership is required. Dissolution helps to make sure that none of the partners remain liable for the company’s cash flow, debts, taxes, or any other lingering business concerns.… [Continue Reading]
Common Obstacles Faced by Start Up Companies
Start ups offer an exciting opportunity to for ambitious entrepreneurs. With the opportunities for growth that these ventures present, however, there are also numerous obstacles that can arise along the way. This article reviews some of the most common mistakes that we see start ups make. Hopefully, by reading about these various challenges, you can… [Continue Reading]
Understanding Michigan Non-Compete Agreements
There is a substantial amount of paperwork involved in the on-boarding process for a new employee. One of the documents that a new employee may be asked to sign is a non-compete agreement. Some people do not give a a second thought before signing a non-compete agreement, but for many, that could prove to be… [Continue Reading]
How Personal Liability Arises in a Corporate Setting
One of the most advantageous aspects of the Michigan Business Corporations Act and the Limited Liability Act is that protection is created for a business owner’s assets if a company defaults on its loans or has a judgment against it. If a business owner fails to adhere to the law and pierces the corporate veil,… [Continue Reading]
How to Avoid Wrongful Termination Lawsuits
Most workers in Michigan are classified as “at will” employees, which means that they or their employers can decide to terminate employment any time without providing any reason. There are however, some reasons for which an employer is prohibited from terminating a worker. When an employee is unlawfully terminated from a position, he or she… [Continue Reading]
Dissolving an LLC in Michigan
Deciding to end a limited liability company (LLC) in Michigan involves a number of challenging tasks. Because the dissolution process is often complex, many business owners decide to obtain the assistance of an experienced business attorney to ensure everything wraps up smoothly. The following are some of the basic steps through which your Michigan business… [Continue Reading]
Three Reasons to Consult a Business Attorney for Your Small Business
Starting a viable small business is the dream of thousands of entrepreneurs around the United States. Each year hundreds of new companies launch, boosting the economy and giving individuals like you a chance to be their own boss. Unfortunately, many small business owners do not take the time to contact a business lawyer before finalizing… [Continue Reading]
Why do I Need a Business Attorney?
Today’s do-it-yourself mindset has led to many new business owners to handle many legal matters on their own without the assistance of an attorney. While there are many websites that offer seemingly affordable legal document preparation and filing assistance, these alternatives are rarely suited to helping you if your business runs into a serious legal… [Continue Reading]
Handling Harassment Complaints in the Workplace
Harassment in the workplace can create a hostile work environment that affects the morale of employees and the work they do on a daily basis, which can eventually affect the bottom line of the business. Because way in which the management handles harassment complaints can have legal repercussions for the business, it is always best… [Continue Reading]
Receivership and the Possibility of Bankruptcy
When a business is in financial trouble and owes a lot of money to its creditors, bankruptcy may be one option to restructure the business and get ahead of the debt. However, before the business can file for bankruptcy, creditors may initiate a lawsuit to put the business into receivership in order to get their… [Continue Reading]
