The Success in Succession

The Success in Succession

Succession planning for family businesses is a crucial but often overlooked part of planning for the future. Having a plan in place that outlines how the business will continue to operate, even as ownership and leadership changes, is essential for th… Read More
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Risky Business

Risky Business

Once your corporation or limited liability company is formed, its legal status must be maintained by keeping it in good standing. This requires filing annual reports with the state of its formation and any other state where the company is authorized… Read More
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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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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

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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Renew Your Assumed Names…

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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Assumed Names the New-Fashioned Way

The Michigan Department of Licensing and Regulatory Affairs has been hard at work updating its processes. There is more to come, but its latest announcement is that corporations, limited liability companies and limited partnerships can now renew assu… Read More
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Trademark Fees on the Ris…

Trademark Fees on the Rise

Trademark applications are on the rise, and it appears that trademark fees will soon be as well. More than 500,000 class filings were submitted to the United States Patent and Trademark Office (USPTO) in 2015, and that number is expected to continue… Read More
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Agreement to Agree is No Agreement

What happens when parties in a business negotiation “punt” a difficult decision down the field to a later day? Rather than finalize terms on an important issue, they simply pledge that they will “agree to agree” at some point in the future. O… Read More
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Paying “Volunteers” M…

Paying “Volunteers” Might Start a Fire

“Employee” or “Independent Contractor”? Throughout my twenty year career, I have analyzed and argued this question on behalf of a host of clients in multiple industries. Depending on how a worker is classified, the paying company may or may n… Read More
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