For many entrepreneurs and small business owners in Michigan, maintaining a stable balance sheet and positive cash flow can be a continuous battle that consumes most of their time. Retirement or handing over the business are not often thought about. However, creating...
As much as starting a business may be a creative and personal endeavor for many Michigan entrepreneurs, it is also a legal one. As a result, it is necessary that those looking to start a business understand the steps involved and documents needed to ensure that their...
The rollout of the COVID-19 in late-2020 and early-2021 has not been successful as officials hoped. So it may be some time before younger and healthier employees get their vaccine. Even though the dangers of the virus are well-documented in the news, employees may be...
Forming a limited liability company for your small business -- or any-sized business -- endeavor can offer a number of benefits. One of the biggest benefits of the LLC formation is that it buffers you personally from the business's liabilities, so your personal assets...
In our last post, we highlighted the importance of having proper documents in place to protect one’s business from the scourge of divorce. Specifically, a postnuptial agreement can help guard against the difficulties that can arise when a business was formed...
Partnering with someone else to start a business has its perks. You don't feel so alone in the process, and you have another person to be excited with regarding the venture. You also have someone who can take on a share of the stress and responsibility, which is a...
If you're considering creating a start-up company, one of the things you'll need to get is funding. Normally, a start-up company will cost around $15,000 to launch, and then get another $200,000 in investments a few months later. After that, the goal is to get another...
If you're planning to start a business, you may be wondering if you should be a sole proprietor or form a corporation. What is a C Corporation, though, and will it work to your benefit?When a small business decides to incorporate, it automatically will become a C...
A business plan serves numerous purposes when you are forming and growing your business. It serves as a formal document that you can present to investors and partners, but it also provides you with the chance to really delve into your own plans. By writing a formal...
The Willow River site, formerly the location of a Ford Motor Company WWII bomber plant and later a GM powertrain plant could become a center for testing driverless cars, with the hope of making Detroit and Michigan a center for the development of this new...
