In Michigan, commercial law is a body of law that deals with a broad range of business, commerce and consumer transactions. It is considered to be a branch of civil law, and handles both private and public law matters. There are a number of specific commercial fields within this based on specialization. These fields include […]
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Contract Law in Michigan In Michigan, contract law specifically refers to the set of laws that govern the formation, execution and breach of contracts, which are legally enforceable agreements between individuals or entities. These contracts can have a significant impact on certain aspects of an individual’s business or personal life due to their governance of
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Michigan Business Formation Attorney Forming a proper business legal structure is the first critical step in a successful business venture. This step is important to tackle first because the moment any business activity occurs, there is potential for business owners to be exposed to debts and liabilities associated with that business. However choosing the right
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When a limited liability company is formed, one of the first decisions to be made is how the company will be managed. Also known as LLCs, these companies can be managed primarily in two different possible management structures. The first of these is a member-managed LLC, which entails members participating in the running of the
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Intellectual Property Agreements & Licenses Intellectual property, now more than ever, is one of the most valuable assets owned by a business. In fact, many businesses make money exclusively through marketing products based on IP rights. It is because of this that protecting intellectual property is paramount for the long term success of companies, whether
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As companies grow, they typically require some sort of funding or investment to move forward. While many companies utilize their profits and cash reserves to fund capital investments and other necessities for growth, others may not have the resources to do so. This is especially true for small businesses and startups who are working with
One of the best ways to learn is studying the actions and results of others, especially with complicated matters such as selling a company. The process of selling a company outright or merging it with another business involves a large number of chess pieces, with many legal and logistical hurdles to overcome. Some of these
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Hiring a lawyer can be a scary process, and quite intimidating if you’re not sure how to go about doing so. When you’re hiring a lawyer, whether it’s a business attorney or a criminal defense attorney, you’re essentially entering into an agreement with a lawyer. They are representing you and advocating for you, essentially being
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Key Things When Hiring a Business Lawyer As a business owner, there are many reasons why you may need a business attorney. Laws and regulations surrounding operating a business can be challenging to navigate, with many potential pitfalls for those unfamiliar with how this works. Oftentimes, critical business matters such as purchasing a property, establishing
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When it comes to companies and legal aspects, many people may not know what mergers and acquisitions are. Taking the time to learn about mergers and acquisitions can help you determine if you need to get a business attorney involved or if the issue can be taken care of by your in-house employees. What are
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