It is truly starting to feel like summer in downtown Grand Rapids! This was the scene today from my office. Summer is coming fast and so is Detroit Startup Week. Scheduled from June 18-22. According to its website, Startup week is: “A week long celebration of Detroit’s entrepreneurs. Volunteer-led and completely free forContinue reading “Small Businesses and Startups: What you Don’t Know Can Hurt You.”
Category Archives: personal guaranty
Business Law Update: Court Lessons on Personal Guarantees.
In the world of lending if a business wants to secure financing, you will be hard-pressed to find a bank that is not going to require some collateral, including a personal guarantee of the debt by the principal owner(s) of the business. businesses don’t want to sign personal guarantees; it’s why businesses take on theContinue reading “Business Law Update: Court Lessons on Personal Guarantees.”
Detroit Startup Week Kicks off with Legal Panels: There are Legal Matters Startups Need to Know.
Detroit Startup Week is about a month away. It is exciting to see the growth in downtown Detroit. Detroit was recently ranked the No. 4 City where Downtown is Making a Comeback. It must be an exciting time to be part of the downtown Detroit community. The city promises to be buzzing during Detroit StartupContinue reading “Detroit Startup Week Kicks off with Legal Panels: There are Legal Matters Startups Need to Know.”
Recent Court Case Provides Good Lessons For Real Estate Investors.
Its Wednesday and I wanted to share a court of appeals case that came out on September 15th. Case: Key Bank v Lake Villa Oxford Assoc, et. al. Lesson: be careful when drafting “personal guarantees” I’ve written in the past about personal guarantees. This particular case involved a real estate development gone bad. Defendant, developer,Continue reading “Recent Court Case Provides Good Lessons For Real Estate Investors.”
Purpose Driven General Counsel 