Corporate Law

LLCs – Why They Have Become The Best Option For Most Small to Medium Sized Businesses

If you have ever been involved with forming a new entity in Michigan within the last 20 years, you have undoubtedly heard of “LLCs”. The acronym stands for “limited liability company” (not “limited liability corporation”, as is often mistaken), and ever since Michigan adopted the Limited Liability Company Act in June 1993 (and later amended …

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Electronic Signatures are Generally Enforceable

Now more than ever, the transaction of business is dependent on the use of electronic means to secure a person’s signature. Everything from change of beneficiary designations to purchase agreements can now be signed electronically. While there are a few exceptions to this general rule – notably, estate planning documents still require a traditional written …

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If You Have Family In Your Business, Consider Thinking Of Your Company As A Family Business

Across the country, it’s estimated that 80-90% of businesses include family. If your business is in this category, does that affect how you think about your company? In other words, do you ever think about your business to what extent your family and business work together or the challenges that exist between the two? As …

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