Esports was already a rapidly growing industry before coronavirus shuttered most traditional sports, shifting demand toward online gaming competition. NASCAR is even "replacing" cancelled races with an eNASCAR Pro Invitational Series -- televised simulation racing featuring real pro drivers like Dale Earnhardt Jr., Bobby Labonte, Kyle Busch and Denny Hamlin. Nevada and New Jersey sportbooks are … Continue reading So you want to start an esports business during the quarantine. Here's what you need to know – from a business lawyer.
There is no doubt you are distracted by this coronavirus outbreak. Constant news alerts, supply shortages, government-mandated closures and cancellations make it all but impossible to also run your business. However, remember that your lawyers are available to assist you. For example, if you have questions about obligations to your employees, insurance coverage questions, contract … Continue reading 5 Legal Tips for Business Owners Weathering the Coronavirus Disruption
In a previous article on protecting your assets (Part 1), I wrote about the importance of maintaining corporate formalities. Businesses that commingle assets, forgo record keeping, official minutes, and fail to keep their registration with the State of Michigan up to date risk losing their corporate protections. In most cases, the corporate form limits your … Continue reading 3 Common Mistakes that Compromise a Business’s Corporate Protection and Expose Your Personal Assets.
Nobody likes to plan for life's unpleasantries, including divorce. While divorce remains an unfortunate fact of life, proper planning with your business attorney can help protect your business from the unexpected. This is particularly critical where a business has multiple owners, members, or partners. In a recent case out of New York, a company's three … Continue reading Does Your Business Have a Pre-Nup? The Importance of Planning for Life’s Unexpectancies.
In the past 24 hours, Fortnite was offline. No one could play, stream, compete, or access their account. This was part of an in-game "event" known as the Fortnite Blackout or The End. Can Epic Games do that? What rights do you even have as a player, team owner, or competitor? It all comes down … Continue reading The Fortnite Blackout: A Lesson in Licenses and Why Epic Owns Everything and You Own Nothing.
Metro Detroit is uniquely poised to become the next epicenter of a growing industry: competitive video gaming, or simply eSports. An emerging form of entertainment that is particularly popular among the teenage and college-age crowd, eSports had its first major metro Detroit debut this August, when Little Caesars Arena hosted the League of Legends Championship … Continue reading ESports. So hot right now: Advice from an eSports attorney for players and team owners.
Special thanks to Dylan Clark for researching and co-authoring this article! Dylan is a rising senior at Michigan State University and will be graduating in 2020. He is studying for the LSATs and plans to attend law school next fall. His interests include corporate and business law. With the overwhelming degree to which the Internet … Continue reading But Your Honor, He Said a Bad Thing About Me on Facebook: Business Defamation Claims in the Age of Social Media
Whether you are a one-man computer whiz coding the next blockbuster iPhone app, or a five-employee manufacturer making parts for a Tier 1 auto supplier, you need basic corporate forms to protect your assets and investments. A limited liability company (or LLC) is the preferred way to organize and obtain this protection. Plus, if you … Continue reading 4 Must Have Legal Documents for New Business Owners
No matter what industry you are in, you have probably encountered non-compete and non-solicitation agreements. In Michigan, standard pre-employment paperwork often contains obligations for the employee not to compete with the employer (non-compete) and not to solicit the employers existing customers or other employees (non-solicitation). Although these obligations may be same boilerplate paragraph of the … Continue reading Non-Compete vs. Non-Solicitation: Key Differences that Every Employer Must Know
What do you associate most with the start of a new year? I personally think of resolutions and how the gym gets crowded with all those who resolve to get in shape. So for many, the New Year is about a new start, a chance to set goals, and a chance to catch up on … Continue reading ‘Tis the Season for (Corporate) Resolutions!
Every business owner needs to incorporate. Forget about sole proprietorships or a partnership -- running your business without formally organizing is like driving without insurance: You will be OK so long as you don't get into an accident. But when someone rear-ends you, you will be in dire financial straits regardless of who caused the … Continue reading Starting a Business? Choose Your Organizational Structure!
As a new and growing business owner, you read my articles on incorporation and essential corporate documents, and took my advice to heart. You retained an attorney and accountant, drafted and filed the basic forms, and Small Business LLC is up-and-running. However, you are not done -- there are important steps to take for you … Continue reading Don’t Pierce My Corporate Veil, Bro: Avoid Losing Your Corporate Protection