Three Biggest Mistakes New Business Owners Make
20 years of litigation
experience in Michigan
The American Dream is surely alive and well, and many people have new ideas begging to become businesses. Many people, like you, give in to those little voices and take the plunge every year. But you may also have realized by now how many questions you need to answer. What are you selling? Where will… Read More
The decision to start a new business can be one of the most rewarding and exciting endeavors you ever pursue. At the same time, it can be daunting, frustrating and overwhelming. You need to hire a staff, create a sales and marketing plan, get an office and more. It’s understandable if you can’t figure out… Read More
Michigan primary voters gave overwhelming support to Proposal 1, a statewide ballot proposition that will end a long-standing Michigan personal property tax on business equipment and manufacturing machinery. Small businesses currently pay a Michigan personal property tax on industrial equipment, a practice that Michigan Gov. Rick Snyder has called “dumb.” The passage of Proposal 1… Read More
You’ve established your new business as an LLC, or Limited Liability Corporation, because you wanted to ensure limited liability in your LLC in case someone should sue you. But it’s not quite that simple. When a business is granted an LLC title, you, as the business owner, report the income generated by the business as personal… Read More
Five Things You Should Think About Before Going Into a Partnership Going into a partnership with another person has clear advantages. But there are also pitfalls. You can have the best of both worlds with a little planning. When we talk about “partnership” in this context, we are speaking not just of actual legal partnerships,… Read More
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