When starting a small business, you should look for every avenue of assistance you can get. The failure level of new businesses is quite high, so getting a leg up is smart. The Small Business Association of Michigan explains one option to help your business is to...
Business Law
Common residential real estate contingencies and how they work
The Michigan home-buying process often involves many moving parts. Sometimes, you need certain elements to come to be before you may move forward with buying a home you have your eye on. In real estate, contingent offers are offers you make on a home that hinge upon...
Why is commercial real estate a lucrative business?
If you consider entering the real estate business, it may feel overwhelming at first. After all, where do you start and how can you guarantee that you will make money in real estate? There are no guarantees when investing in commercial real estate, but it may be one...
What should you do about a contract breach?
A contract breach may prevent you from getting the most out of a relationship and could even compromise your productivity and success. Knowing if to react and how to react can help you maintain control over the situation. Developing a response strategy prior to taking...
What is a seller’s disclosure?
Buying a new property is an investment in your future. However, there are lots of things that can go wrong during the process. That is why homebuyers must protect themselves throughout the transaction. Sellers also have a responsibility during real estate...
Can companies terminate contracts for their convenience?
You may have difficulty containing your excitement every time your company in Michigan secures a new contract. Such an agreement essentially ensures a degree of stability and security for your business. These feelings come from the presumption that your partner cannot...
Can you run a business out of your home?
Zoning laws are often similar from one municipality to the next, but the details may be significant enough to prevent you from running a business like the one your friend started a few miles away. Fortunately, cities also have a process for requesting an exception or...
What to consider when forming a new business
Diving into the market might feel scary, but there is a right and wrong way to doing it. In a pond of big fish and little fish, you are the smallest when you start out. And the pond is big. According to the U.S. Small Business Administration's Office of Advocacy,...
Defining and enforcing fiduciary duty
People may not know what the definition of fiduciary duty is, but they know it when they see it. The term refers to the expectations between business partners, representatives, or others who act on behalf of the client, employer or partner. A straightforward example...
Most banks avoid loans to marijuana businesses
Just about every new business or startup needs financing. It may happen at the beginning of the process to pay for initial costs, or it may be to help organically grow the company to the next level. This financial support may come as a bank loan, but those getting...
