Entrepreneurs and business owners have a lot on the line. Most have invested countless hours of their time and put in tremendous sweat equity to successfully start their companies from scratch. While their self-sufficient and independent attitude may have served them well during the initial stages of their business development, it is ill advised for …
Common Types of Business Law Businesses have multiple areas in which they may require legal assistance and guidance in order to avoid liability and ensure their best interests are protected. This can be confusing for business owners to navigate, especially for smaller owner-operator type businesses. Below is a basic overview of the different types of …
According to the Institute for Mergers, Acquisitions, and Alliances, there have been over 325,000 mergers and acquisition transactions in the US, totaling over $34,900 billion in value. 2020 recorded approximately 15420 transactions, worth over $1,172.23 billion. Business law offices facilitate such transactions, protecting the interest of all parties involved. As a small business owner, the …
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Video games and online gaming have become a major part of our culture over the past several decades, growing into a multi-billion dollar industry spanning the entire globe. As the industry has grown, it has seen a wide range of unprecedented legal concerns and questions come to light. Richard Hoeg of The Hoeg Law Firm, …
Venture Capital Funding When a startup or new business has a great idea but is struggling to obtain financing through traditional sources such as a bank, venture capital (VC) funding is a solid alternative. Venture capital investors are typically more willing to provide funding to startups and other small business operations when they see potential …
Term Sheets for Capital Investment When venture capital investors have an interest in purchasing a portion of shares of a company, they want to ensure that their investment is protected and the terms are clearly laid out. In order to accomplish this, a term sheet is used to outline the deal between the company and …
Securities Law in Business Today As an important part of business law, securities law covers the rules and regulations surrounding the sale and purchase of businesses or their assets. These transactions usually involve the transfer of stock shares and bonds, as well as loan and mortgage packages offered for sale by a financial institution. These …
In today’s business environment, it is important for companies to protect themselves from potential volatility and the sharing of any trade secrets or information from employees who part ways with the company. Non-compete agreements were created for this purpose and serve to protect companies from these risks, especially when employees leave the company to work …
Corporate Law in Michigan In Michigan, corporate law governs the formation and operation of corporations formed under the Michigan Business Corporation Act, or businesses that existed prior to January 1st of 1973 under any previous statute. This law covers the rights and obligations of all parties involved in the formation, ownership, operation and management of …
Whether you’re an entrepreneur starting a business, or a business owner who’s expanding, selling, or otherwise operating an existing one, it’s important to have a general understanding of the laws and regulations governing business within your state. These bodies of laws and regulations are loosely referred to as business law. These laws are important because …
