Sheehan & Associates, P.L.C.

Business Law Archives

What is fraudulent misrepresentation?

When two or more parties enter into a contract, they stipulate that they're in agreement on the terms of the contract. If a party knowingly makes false statements, it may be possible to hold them liable. These "statements" don't necessarily have to be in writing. In fact, remaining silent about something could also be considered making a false statement. To rise to the level of fraudulent misrepresentation, however, the false statement must have a material effect on the agreement the parties have entered into.

Choose the best business structure for your situation

One of the primary decisions you have to make when you are starting a business is what type of business structure you will use. This is determined largely by whether you have any co-owners and whether you are planning on hiring employees. There is also the matter of what type of protection you might need for your personal assets. We are here to help you review the possible structures so you can choose the one that meets your needs.

Sole proprietorships are easy, but establish little protection

People who are just getting started in business might wonder what type of legal entity they need to establish. This is a complex question that takes many factors into account. For some individuals, such as freelancers and contractors, a sole proprietorship might be a viable option.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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