The state of Michigan does not require your company to establish a Limited Liability Company (LLC) agreement. However, many companies establish them as part of their business formation due to their effectiveness as a governing tool. Purpose of an LLC agreement...
Brown Borkowski & Morrow
Photo of Brown Borkowski & Morrow legal team
Business & Corporate Law
What are common sources of business lawsuits?
Business owners in Michigan have to contend with a lot. Most businesses, both large and small, are likely to be sued multiple times over the course of their lifetimes. If you want to avoid such lawsuits, it's wise to understand some of the most common reasons they...
What happens when partners have disputes?
When two business partners end up in a dispute, it can significantly harm the business. There have even been companies that have been forced to close because of this. That’s why it’s so important to find the right business partner when opening your company to begin...
A common business startup mistake that can endanger your assets
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....
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...