» Business Law

Asset sales are more common than stock sales. The asset sale typically reduces purchaser expose to liabilities of the seller and increases tax deductions for the purchaser. In an asset sale the known and unknown liabilities of the selling corporation… Read More

Your corporation should have two types of meetings each year. A shareholder meeting and a director meeting. An annual meeting of shareholders for the election of directors and other business as provided by the corporation’s bylaw is required by Mic… Read More

The Jumpstart Our Business Startups Act (the JOBS Act) was signed into law by President Obama on April 5, 2012. The JOBS Act makes it easier for private, U.S. companies to raise capital by selling investments in their companies (securities) to invest… Read More

A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution made by the member. The members are the owner… Read More

Investors cannot transfer securities purchased pursuant to the crowdfunding provision of the JOBS Act for 1 year beginning with the date of purchase. There are exceptions to this 1 year restriction for transfers: (i) to the issuer, (ii) in a register… Read More

A “Corporation” is an association of persons, created by law and existing as an entity with powers and liabilities independent of those of its members. In the case of profit corporations, its owners are shareholders. The owners of nonprof… Read More

Corporate shareholders actively engaged in running their corporation (business owners) often get so busy running their corporation that they forget to follow corporate formalities like holding shareholder and board meetings and keeping minutes of tho… Read More

September 1, 2013 marked a new day for the business world and Michigan state law. The Michigan Public Act 333 of 2012 now requires that every county with at least three Circuit Judges establish a Business Court. The purpose behind the new court syste… Read More