You decide to go into business with some people based on your understanding that you will become an equal owner in a mature, established business. You take all the steps necessary, including leaving your current employment. But you forget to do one crucial thing: You forget to get your partnership agreement in writing. Check outContinue reading “Going into business with Partners? Get it in writing.”
Category Archives: Uncategorized
Does your Business need a Board?
Whether you just started your own business or you have been in business years or decades, a question may arise at some point? Do I need a board? Just as quickly as the idea pops into your mind, you are likely to dismiss it. After all, most growing companies skip formal board meetings, thinking they’reContinue reading “Does your Business need a Board?”
Build your Business on Purpose: Boardroom Counsel for Purpose Driven Companies
Life comes at you fast. This is especially true when building a business. When growing your business, do you tend to just respond to the day to day? As entrepreneurs we create our business out of a big vision or guiding purpose – whether or not we have articulated it in writing. In the dailyContinue reading “Build your Business on Purpose: Boardroom Counsel for Purpose Driven Companies”
FinCEN permanently ends BOI Reporting for Millions of Small Business Owners!
Right before I left the office today I saw an email from the U.S. Department of Treasury with the following in bold lettering: FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners; Will Delete Information Previously Reported by U.S. Persons In the last few years leading up to a January 1,Continue reading “FinCEN permanently ends BOI Reporting for Millions of Small Business Owners!”
The Buck Stops with the Board: Governance Reflections on MSU’s Board of Trustees
I recently authored a few Guest Opinion Columns on Spartan Illustrated commenting on the MSU Board of Trustees May 9 Special Board Meeting. Subsequently, MSU President Guskiewicz announced his departure to Clemson University – at what would amount to a significant pay cut… I published a follow up video on LinkedIn Most recently in aContinue reading “The Buck Stops with the Board: Governance Reflections on MSU’s Board of Trustees”
The Decent, Human Thing.
I was reading a court of appeals decision today about a contentious business dispute. The case involved allegations of breach of contract, restrictive covenants, tortious interference… all of which is not the point of this post. What caught my attention was a footnote from the panel of judges: “Frankly, we are disappointed that the TitanContinue reading “The Decent, Human Thing.”
Embracing Failure: A Journey of Growth and Learning
I walked off the stage and Jonathan Williams said to me: “It’s over. How do you feel?” “Exposed“. I replied. It was a strange experience for sure. I stood on stage blinded by the lights and began to tell my story. This was August 21, 2024. Three years to the day that I watched myContinue reading “Embracing Failure: A Journey of Growth and Learning”
Changes Coming to Non-Compete Laws in Michigan?
Here’s a scenario I see routinely: Person leaves a business to go start up their own competing business. I ask: did you sign any restrictive agreements with the company that affect what you can do when you leave? The answer I hear it all the time: “Yeah, I signed a non-compete but I know theyContinue reading “Changes Coming to Non-Compete Laws in Michigan?”
Why I Restarted My Blog After COVID
COVID ended, and so did my blog posting. I decided to start up again. This may be a little rough, so bear with me as I get back into a new routine. Why am I starting up again? Mainly – for 3 reasons.
Michigan Business Law Update on Bill that would allow LLCs to evict tenants without Attorneys. Despite Opposition, Bill Moves Forward.
Happy Friday! It is summer – my favorite time of year. There really is no better place to be during summer than Michigan. I hope you are all enjoying it. For those keeping track of House Bill 4509 proposed on April 25, 2019 that would allow some LLCs to evict tenants in limited circumstances withoutContinue reading “Michigan Business Law Update on Bill that would allow LLCs to evict tenants without Attorneys. Despite Opposition, Bill Moves Forward.”