3 Challenges To Creating A Business Succession Plan

3 Challenges To Creating A Business Succession Plan

Knowing what you want to happen with your business after you leave is a great first step. However, there are several challenges to creating a robust business succession plan that many entrepreneurs fail to consider until the moment of transition.
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New Hires: Are They Employees Or Independent Contractors?

New Hires: Are They Employees Or Independent Contractors?

A recent California Supreme Court decision is causing a stir among gig-economy employers. Changes in the way that state draws the line between employees and independent contractors may affect the bottom line of companies that rely on the lower overhead that comes with contracted workers. Will those changes affect Michigan-based businesses? What are the rules […]
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Facebook, Cambridge Analytica, And Terms Of Service

Facebook, Cambridge Analytica, And Terms Of Service

Facebook, Cambridge Analytica, and Mark Zuckerberg have been center stage in the news recently, since the New York Times reported how the social media platform was used to affect the 2014 midterm election. The fallout from the dispute provides a cautionary tale for companies using terms of service to limit liability to users.
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Who Do You Want To Run Your Business When You Retire?

Who Do You Want To Run Your Business When You Retire?

When an entrepreneur starts a business, it can sometimes be hard to imagine anyone else doing their job. Small business owners can pour years, even decades, of hard work into getting their processes, vendors, and contracts in place. But as the years press on, eventually you may want to slow down. Then the question becomes […]
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Why You Need A Business Lawyer On Your Startup Team

Why You Need A Business Lawyer On Your Startup Team

Startup business owners often fight to break even. Many entrepreneurs take a DIY approach, handling everything from marketing to manufacturing. However, even on a shoe-string budget, you need a business lawyer on your startup team to get your company on the right foot, and head off problems before they start.
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Business Owners: Don’t Trust the Boilerplate in Your Contracts

Business Owners: Don’t Trust The Boilerplate In Your Contracts

Business owners enter into contracts every day. Some contracts are at the core of the work they do. Others are simply vendor agreements for coffee or office supplies. Almost every one of these brings with them boilerplate language that is often all too easy to ignore. But trusting the boilerplate language in today’s contracts could […]
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How to Respond to #MeToo Sexual Harassment Claims as Employers

How To Respond To #MeToo Sexual Harassment Claims As Employers

The recent #MeToo movement on social media has given voice to the victims of sexual harassment in Hollywood, Washington, and the news media. It may also have raised concerns about gender discrimination and sexual misconduct among your own staff. As an employer, how should you respond to the #MeToo sexual harassment claims of your employees?
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Business Succession Planning: What Is Your Exit Strategy?

Business Succession Planning: What Is Your Exit Strategy?

There are many things to worry about when running a successful business. What will happen when you retire does not need to be one of them. Through thoughtful and proactive business succession planning, you can ensure that your professional legacy lives on even after you hang up your boots.
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Is An LLC Right for Your Start-Up Business?

Is An LLC Right For Your Start-Up Business?

Founding a new company involves thousands of decisions that could affect its success. Choices in location, supply, manufacture, and personnel can all be critical. As you work through your start-up business planning, don’t forget to look at your corporate structure to decide if an LLC is right for you.
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