» Business Law
Starting a Home-Based Business
From a legal standpoint, a home-based business isn’t much different than any other business. You need to choose a business format – sole proprietorship, partnership, corporation, or LLC. And you need to buy insurance, pay taxes, sign co…
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A New Court for Business Disputes
Washtenaw County now has a court that hears only business and commercial cases. It’s a special division of the circuit court. Here are some key facts. Cases the Court Handles. The business court handles business and commercial actions in…
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Categories: Business Law
Buying or Selling a Small Business
If you’re buying or selling a business, there are several key terms that you’ll want to cover in the sales contract: Financial Terms. The parties need to agree not only on the sales price, but also on the terms of payment. A buy…
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Categories: Business Law
Starting a Small Business
There are several key steps to take in starting your own small business – many of which have legal consequences. Here is a summary. Choosing a Business Entity. Typically, you’ll select one of four entities for your business: a s…
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Categories: Business Law
Your Liability for Business Debts
As a small-business owner, you’d like to avoid being personally liable for business debts. You don’t want your home, car and investment accounts to be at risk. While each situation is unique, there may be actions you can take to reduce…
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Categories: Business Law
Business Contracts
Your business may use contracts regularly or occasionally in dealing with customers, clients, suppliers, employees or independent workers. Here are some basic concepts to keep in mind. Contract Requirements. A contract requires a meeting of…
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Categories: Business Law
Corporations and LLCs
There are many similarities between corporations and limited liability companies (LLCs). For example, both types of business limit the personal liability of the owners. But there are differences as well – especially when it comes to termi…
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Categories: Business Law