So you want to start an esports business during the quarantine. Here's what you need to know – from a business lawyer.

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┬áPro 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.

Into the Fire: Effective Strategies for Litigation Management Before Going to Court

Are you a litigious business owner? Do you copy your attorney on correspondence to a non-paying client or a vendor? Have you ever threatened another business owner with "I'm going to sue you"? Is this something you do as part of your day-to-day business routine? Does your county's local business judge know you by name? … Continue reading Into the Fire: Effective Strategies for Litigation Management Before Going to Court

The More You Know: 5 Uncommon Sources of Capital for Metro Detroit Entrepreneurs

Special thank you to Cody Borke for co-authoring this article! Cody is a 2019 graduate of Western Michigan University who is spending his gap year working at Fausone Bohn. Cody plans to go to law school in 2020 and specialize in corporate and business law. According to a recent Capital Access Report authored by the … Continue reading The More You Know: 5 Uncommon Sources of Capital for Metro Detroit Entrepreneurs

4 Must Have Legal Documents for New Business Owners

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

Terror From Beyond the Grave: 5 Critical Mistakes To Avoid When Terminating Your Company

It is a classic horror movie plot line. The good guy finally killed off that scary monster/evil janitor/gremlin. Hooray! Triumphant, the hero turns his back to celebrate with fellow survivors when SUDDENLY the monster/evil janitor/gremlin rises from the dead to take down that one final victim! In the business world, if you do not take … Continue reading Terror From Beyond the Grave: 5 Critical Mistakes To Avoid When Terminating Your Company

Starting a Business? Choose Your Organizational Structure!

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!

5 Often-Overlooked Essentials When Selling Your Business

You finally got that phone call from the California venture capital firm that wants to buy your  start-up for a couple of million dollars. You are eager to sell and use that money to pursue other projects and passions. The attorneys and accountants have been retained, and the Asset Purchase Agreement has been drafted.  But … Continue reading 5 Often-Overlooked Essentials When Selling Your Business