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...
Business Law
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...
How to protect a business from property division
There are more than 870,000 small businesses here in Michigan. All of these businesses tallied by the Small Business Administration were started by somebody with an entrepreneurial drive and a dream. Yet a divorce can put a small business at risk. Without any...
Will Michigan lawmakers target non-compete agreements?
Non-compete agreements can be crucial for businesses. The agreements can offer protection when an employee leaves the company, ensuring the individual will not use valuable information to prop up a competitor and damage your business. Yet across the nation, there is a...
Questions to ask when considering a commercial lease
Even in a vacuum, starting a small business in Michigan is a lot of work. But dotting your company’s i’s and crossing the entity’s t’s is only one part of it. Many small business owners also need somewhere to operate. For that, they find commercial space and sign a...
How business disputes are resolved: The basics
No business operates fully independent of anything else. Even basic computer software or vital work supplies require some type of transaction. As a business grows, these simple exchanges can evolve into contractual agreements between two parties for products or...
