Confused about LLC management structures? Learn the differences between member-managed and manager-managed Michigan LLCs and find the best option for your business.
Start your LLC the right way—explore management options today!
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Discover how phantom income affects partners and shareholders in pass-through entities like partnerships and S corps. Learn the difference between allocated income and distributions, and how to protect yourself with a solid operating agreement.
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With the arrival of the Coronavirus, Detroit small businesses might begin asking very important questions: (1) Do they have to pay for goods or services pursuant to a contract while they are closed? What about rent? (2) Conversely, do they need to deliver on their promise to provide goods or services if they are unable to perform? The answer depends on what your FORCE MAJEURE contract clause says.
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Despite the buzz around smart contracts and the future of commerce, for those currently providing services in the blockchain and cryptocurrency industries, the written contract is still king protocol.
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