Business Law Update for LLCs: The Words You Use In Your Operating Agreement Matter.

Good morning, all! Yesterday was a beautiful day, see the photo I took overlooking downtown Grand Rapids. The leaves are already changing color. Today I read a Court of Appeals Case that came out yesterday that provides a good example for business owners. Background – Today LLCs are generally the entity of choice. Most businessesContinue reading “Business Law Update for LLCs: The Words You Use In Your Operating Agreement Matter.”

Business Case Law Update: Set up Your business agreement with the End in Mind.

It is a beautiful Friday afternoon in downtown Grand Rapids – which is why I took a picture of Rosa Parks Circle. You can see the zamboni is out on the rink. I can’t imagine the ice will last, since the weather is supposed to get in the upper 50s this weekend…   I oftenContinue reading “Business Case Law Update: Set up Your business agreement with the End in Mind.”

Business Law Update: Why Your Operating Agreement Matters.

Business Owners and Entrepreneurs: Let me paint you a picture: You decide to go into business. You’ve identified a business partner. You and your business partner decide the details of who is going to contribute what (capital, finances, “sweat equity”, etc..). Your startup is now off and running! Your business does not go as expected. You haveContinue reading “Business Law Update: Why Your Operating Agreement Matters.”