Starting a company is actually simpler than it seems. To start a company: choose your business type (such as an LLC, corporation, etc.); choose your formation state (which doesn’t have to be where your business is located); prepare and file formation documents (Articles of Incorporation or Formation); and appoint a registered agent. When you have […]
Cybercriminals are upping their game in an effort to obtain credit-card numbers, social-security numbers, PINs, and other personal information from millions of people throughout the world. At least once-a-week it seems that we hear about yet another large-scale theft of data from a retailer, a financial institution, or some other business. Cybercriminals target retail businesses, […]
Conspiracy, collusion, conundrum, oh my . . . Are these thoughts going through your mind? Did your biggest competitor just hire away your most critical employee? Are they stealing your customers? Are they stealing other employees? You’re mad as hell. What can you do? In Michigan, when would the new employer be liable for your […]
If you’re from Detroit, or a Lions’ fan, you surely remember when Calvin Johnson made that great, game-winning catch against the Dallas Cowboys to put the Lions in playoffs. Except he didn’t. The referee threw a yellow flat and ruled it was not a valid catch, and it was not a valid touchdown. The NFL […]
Many people dream about being entrepreneurs. They may begin by doing something they love, and then they start getting paid for it! It’s easy to enjoy your success and overlook the need to take your business to the next level. When you organize your business into an official entity, you give it legitimacy. People start […]
What Is an LLC Operating Agreement? An operating agreement for a Limited Liability Company is a document by which you – an owner of the entity — customizes how your company will operate, hopefully with the assistance of experienced counsel and presumably based on your specific needs. It also, in a structured manner, or as […]
As you are starting a business, you are confronted with a question right out of the box: Should you set up your new company as a Limited Liability Company (LLC) or as a Corporation? Each have their own set of guidelines, benefits and drawbacks. In this blog, I briefly compare LLCs with S-corporations (S-Corp). This […]
***Note: Only a corporation is incorporated. An LLC is an unincorporated entity. It is more accurate to say that an LLC is formed or organized. However, for simplicity, I am using the term incorporate to include both corporations and LLCs. And you can read this blog regardless of the type of entity you have or […]
As a business lawyer who specializes in internet-marketing law and litigation, I often get questions about how to remove negative, defamatory, or infringing material from the internet. Typical questions include: Somebody is posting lies about my business on the internet. How do I get them removed? Can I sue a former employee who is using […]
Donald K.S. Petersen, JD, Harvard Law School George Law An “Offer in Compromise” (“OIC”) is a great way for people in trouble with the IRS to eliminate thousands-of-dollars in tax debts. It’s an IRS program that lets you pay-off your entire tax debt for less – sometimes substantially less — than the full amount you […]
