The sale or purchase of a business requires careful negotiations and planning. The transaction does not have to end or even reduce operations, but sometimes a restructuring based on financial analysis is necessary. In these cases, it is important that the parties to...
Every once in a while, a business opportunity arrives unexpectedly, and you have to seize upon it. That was the case for a woman in Livonia whose cape-making business started when her 3-year-old son decided he wanted to have a superhero party. But rather than dress up...
Last week we discussed a wrongful discharge lawsuit that was filed in Wayne County. In that case, a county employee claimed he was let go from his job as a photographer because of employer retaliation. A judge disagreed, however, and dismissed the lawsuit.Another kind...
New technologies can stir up and even outdate old business models, and that is increasingly the case in the media industry. For example, Detroit-area television stations may have to adjust their approach to business now that a company out of New York is offering...
Employers in Michigan know that for good reason it is sometimes necessary to terminate a worker's employment. Common reasons for firing an employee include failing to meet production goals, workplace misconduct and employee theft, but it may also be necessary to let...
Detroit-based Walbridge Construction is seeking $118.5 million in compensation for work on a halted construction project in Indiana. The company was contracted by Getrag Transmission, a German manufacturing company, to build an 800,000-square-foot factory, but when...
Former executives at the Internet marketing company ePrize LLC, based in Pleasant Ridge, say they weren't paid due compensation when a majority stake in the company was sold to a private equity group, Catterton Partners Corp., in 2012. The value of the sale was...
Last month we discussed some legal issues related to Michigan's emerging craft brewery industry. But brewing isn't the only method of spirit-making in the state. In the early 1900s, Detroit's distilleries were thriving; that is, until the Prohibition years. But even...
For auto dealerships, there is something called the dealer reserve, which is a percentage a lender will let a dealership add to a loan's interest rate. The dealer reserve, typically at or below two percentage points, is compensation the dealership receives for setting...
A major part of starting and maintaining a successful business is effectively structuring the workplace to get the most out of employees' talents. This involves anything from employment agreements to the physical design of the work environment.With so much competition...
