Business owner examining company records

Beyond the Veil

Entrepreneurs usually have a high tolerance for risk, and thus, they can be highly successful while navigating the challenges of running a company. As a business owner deals with the day-to-day stresses of making constant decisions, certain details c… Read More
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Ownership Compensation an…

Ownership Compensation and LLCs

One significant advantage of organizing a business as a limited liability company is the flexibility it affords. A single-member LLC can be taxed as a sole proprietorship, a multi-member LLC can be taxed as a partnership, and both single-member and m… Read More
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Jumping Through Hoops

Jumping Through Hoops

One of the beauties of setting up a corporation is the protection you get from personal liability for company debts. One of the headaches that flows from setting up that same corporation is the extra paperwork required to properly maintain it – and… Read More
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In Succession

Business owners often think about what might happen to their company upon death, disability, or retirement, but some owners find it difficult to take the time to work through different scenarios and decide upon a workable succession plan. Generally,… Read More
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What Does Force Majeure Mean and Why Should I Care?

Force majeure is a French term meaning “superior force.” It is a principle of contract law that excuses a breach of the contract by one of the parties when that breach is caused by some extreme, unexpected, unforeseeable, or unavoidable circumsta… Read More
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Less Odious NDAs

Wading into the crowded field of Democratic presidential hopefuls, former New York Mayor Michael Bloomberg faced sharp attacks for his company’s use of non-disclosure agreements (NDAs) to ensure the confidentiality of settled sex discrimination cla… Read More
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Protecting Your Good Name

If you are in business, there are plenty of good reasons to set up a corporation or a limited liability company. High on that list is the ability to prevent a competitor from stealing your business name. So long as your corporation or limited liabili… Read More
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The Scams Just Keep on Coming

Scams can be big and bold, small and pesky, or anything in between. Here are a couple that probably qualify as small and pesky, yet are of interest because they target us here in Michigan: The Principal Residence Exemption (PRE), which gives Michigan… Read More
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Is the Legislature Playing ‘3D’ Chess?

Until recently, two separate citizen-initiated proposals were scheduled to appear on the November ballot: (1) the Michigan minimum wage increase initiative (“One Fair Wage”), which would gradually increase Michigan’s minimum wage to $12 an hour… Read More
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Renew Your Assumed Names Online

As we noted before, the Michigan Department of Licensing and Regulatory Affairs, or “LARA,” has made renewing your corporation’s assumed name both easier and faster by offering renewals online. Eligible corporations whose assumed names will exp… Read More
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