When some individuals start a company, they often believe that the only way to do so is to build it from the ground up. While this is how many Michigan business owners grow their company, it's certainly not the only way to do so. You may find it beneficial to acquire...
Even after you have decided that you want to sell your small business, it can still be difficult to let go. You will want to make sure that the business will be put into the right hands, and that you gain a price that is worthwhile for all of your hard work.It's...
Finding someone with a great idea and a passion to succeed isn't hard -- but finding someone to be an effective business partner can be tough.Before you decide to launch a new business with someone, you need to ask yourself some questions. Does this person have what...
You've got a great idea and a fantastic team of people working with you. You have all of the ambition and drive that you need to make your business goals a reality.But you need money. To get the money, you're going to need investments or a loan -- and that requires a...
The federal government has a minimum wage set by law. That figure represents the lowest possible rate that employers can pay their workers in any state in this country. That rate was recently increased to $9.65 for most residents at the beginning of this year. There...
Despite the old saying, promises are not meant to be broken -- especially when those promises are part of a contract. But what can you do when someone breaks a contract with your company?If the breach is serious, or material, you have legal options. Depending on the...
Many individuals who decide to go into business here in Oakland County do so with the expectation of simply making money to cover their necessities. Many entrepreneurs dream about someone wanting to buy their company. If someone has approached you to purchase your...
When you have a business idea, it's common for you to want to hurry and start advertising your services so that you can get them in front of potential customers. You may find the thought of having to incorporate your business cumbersome, especially when you simply...
When you go into business with a good friend or relative, it can be tempting to believe that you don't really need to have a formal partnership agreement. But partnership agreements aren't designed to cause disputes. They're designed to prevent them. When an agreement...
Business owners and hourly employees in Michigan take note: Changes are coming in 2020 to your rates of pay.What constitutes a fair minimum wage is a pretty hot dispute right now -- and there has been no increase in the federal minimum wage from the $7.25 per hour...
