A business succession plan, like an estate plan for an individual, is something that requires clear-eyed, strategic thinking. It’s not something to put off until
An operating agreement is a crucial, foundational document used by limited liability companies in Michigan (and elsewhere) to govern how major decisions are made, how
With 2021 coming to a close, you’re probably looking forward to winding things down after another tumultuous year. Before you do, it’s a good idea
It’s no secret that one of the biggest business challenges that employers have faced through the COVID-19 pandemic is finding, employing and retaining workers. It’s
In an article titled “The Great Acceleration,” McKinsey asserts that, “The COVID-19 crisis has intensified existing trends.” From remote work to digitization, we’ve seen a
It’s one of the questions that new business partners most commonly overlook: What happens when one of the owners leaves the business? For example, let’s
You’ve probably heard this analogy before: Going into business with a partner is very much like getting married. In a best case scenario, partners build
Many privately held businesses rely on infusions of cash from their owners in order to start a business and, in many cases, fund its expansion.
At some point in our lives, we have all been told, “Make sure you get it in writing.” This advice is often repeated because it
Michigan employees are protected from workplace harassment in both the private and public sectors through federal and state antidiscrimination statutes. Michigan’s Elliott-Larsen Civil Rights Act
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