If you are starting your own business in Michigan, one of your steps will be to choose a business structure that is appropriate for your business. One potential business structure for you to consider is the limited liability company, or LLC. Before you make your...
Business Law
Considering a joint venture
A business may decide that it wants to partner with another business for a variety of reasons. By pooling their resources, they may be able to reach a wider audience and increase their revenue. Joint venture The formal name for this type of arrangement is a joint...
Six types of business plans
Entrepreneurs of the Detroit metro area as well as other parts of Michigan may want to know more about the different business plans available to them. Business plans set the stage for growth and success and are often important in attracting investment capital. The...
What are my options if I wish to incorporate my business?
Those in the metro Detroit area who own a business and wish to incorporate it should be aware that there are different types of corporations to choose from. It is important to understand the advantages and disadvantages of each, so you can make decisions that are in...
How can an NDA protect my business?
Secrets are a part of the business world, whether the secret involves an upcoming project or the signing of a big client. These secrets help businesses keep a competitive edge and also from drawing undue attention to a deal before it is finalized. It is not only...
The importance of a clear business partnership agreement
What do these pairs have in common: Lennon and McCartney, Sonny and Cher, Saverin and Zuckerberg, Kraft and Starbucks? Answer: They are all failed business partnerships which ended acrimoniously. If you consider going into business with someone else, you must begin...
How do I form an LLC in Michigan?
A corporation is an association of individuals that you create in accordance with Michigan law. When you form a corporation, it exists as its own separate entity with liabilities and rights that are separate from its members. Each state has its own requirements for...
What should you avoid when opening a business bank account?
Small business owners in Michigan face enough challenges and the last thing you want to worry about is banking mistakes. As a business owner, your focus is on increasing sales, creating new services and products and building a brand. If you are new to the business...
What are the pros and cons of forming an LLC in Michigan?
When starting up entrepreneurial ventures in Michigan, one of the first things you must do is determine the type of business structure you will use. One such organization type is the limited liability company, or LLC. We at Hubbard Snitchler & Parzianello PLC...
