When you start a new business, it is normal to feel overwhelmed by the process. There are business models and different names to consider, as well as different business forms that may offer advantages or challenges depending on how you intend to operate the company....
Brown Borkowski & Morrow
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Business & Corporate Law
The right time to start a small business in Michigan
They say timing is everything when going after your goals; hence, if you have a business idea in mind, you need to find the perfect time to start it. While your moment will depend on your unique circumstances, some tell-tale signs for kicking things off are as...
What is an LLC operating agreement?
The business that you start in Michigan can take a variety of forms. You can choose between a sole proprietorship, LLC, and several types of corporations. It will be up to you and your partners to decide the ultimate form that your new venture will take. If you choose...
Understanding the types of employment contracts in Michigan
When you are starting a business, there are a lot of things to think about. One of the most important decisions you will make is how to structure your employment relationships with your employees. There are several different types of employment contracts that you can...
Before starting your business, evaluate the pros and cons of each structure
Starting a new business comes with all sorts of decisions to make that can have a huge impact on the future success of your enterprise. One of the most impactful decision you will have to make is the type of business structure under which you will register your...
Most important things businesses should include in contracts
Whether it is a vendor agreement, employee contract or operational bylaws, owners must write organizational contracts in a clear, concise manner. Unfortunately, business owners often lose sight of numerous factors that can hinder the enforcement of the contract and...
Due diligence in mergers and acquisitions
Mergers and acquisitions are some of the most common kinds of business transaction in Michigan, and the sheer size of these deals means that they require great scrutiny. Due diligence is a critical part of information verification to ensure that all parties are...
Non-compete agreements and litigation
Contracts are the foundation of business in America. Every valid contract requires that all parties receive consideration. When it comes to non-compete agreements, that can be a little confusing. How do employees benefit? Arguably, for one thing, employers are more...
How to Ensure Your Contract Will be Valid
Written contracts are one way that you can ensure both you and the other party involved have the opportunity to understand what your agreement includes. It can also protect you if the other party decides to act against what you had both decided. Unfortunately, many...
Succession planning is for all businesses
It's easy to imagine executives at corporate giants grooming successors and worrying about the legacy they're leaving behind. However, succession planning is actually important for businesses of every size in the Detroit, Michigan, area. Without a plan for how to pass...