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.
Do you want FREE MONEY to invest in your business? While this may sound like a late-night infomercial pitch, the reality is that both local and State governments want to stimulate investment in the community and will provide financial incentives for you to do so. I have previously written about brownfield incentives and how a … Continue reading Act 198 Tax Abatements: How to Get the Government to Pay for Your Industrial Property Improvements.
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
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