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Ypsilanti Business Law Blog

How to handle a dispute with a business partner

Conflict is not something that you can always avoid when you work with a business partner in Michigan. Although you both may agree about things most of the time, there may be situations where you do not. Small disagreements can turn into major ones that can cause an otherwise healthy and mutually rewarding business partnership to crumble. They can also prove disastrous for your company. 

Take some time to learn how to handle disputes with your business partner to keep your partnership and company on track for greatness. 

How can I build my business's reputation?

Starting a business in Michigan is no easy task. You may have visions of profits and expansion in mind, but before you can reach those goals, you need to focus on building your company's reputation. A strong and favorable reputation is what you want for your business. However, building a good reputation for a startup business is not something that can be done overnight. It takes time, careful planning, strategic action, a good understanding of business law and the right resources.

Here is a brief overview of steps you can take to build and maintain your business's reputation. 

Are you hiring an employee or independent contractor?

Business owners hire workers for many different jobs. Paying employees is different than paying workers who are self-employed. The biggest difference is in how taxes are treated. Self-employed workers are responsible for their own taxes and benefits, whereas employees are not. Hiring independent contractors can cost your business less, but the IRS disapproves of misclassifying workers.

When determining classification of workers, your business needs to look at the type of business relationship you have with the worker:

  • How much control do you have over what the worker does?
  • How will the worker be paid? Will expenses be reimbursed or not? Who provides the tools and supplies?
  • Is the work a key aspect of your business? Do you provide benefits and contracts?

Challenges you will face building your business

Opening a business is an exciting process. So is trying to grow the profitability of an existing business. In either scenario, business owners deal with a similar set of challenges in building their business.

Although priorities may differ depending on the size of the company -- if you have a startup, for example, you will probably be more concerned with breaking even than increasing profitability -- it's always important to anticipate future challenges.

How to protect intellectual property in your business

When you start a company, you choose a market or industry in which you aim to establish yourself and compete for consumer business. Protecting intellectual property, such as logos and company practices, is very important, especially during startup before your business has grown.

Here are 4 methods of protecting intellectual property:

Is it better to buy or lease commercial property?

Starting a business is a big step to take and it comes with a whole host of challenges. Many of these challenges are easier to face once you have some experience running a business, but for those who are just starting out, knowing as much as possible about the particular issue is one of the best things you can do.

This idea is also true when it comes to acquiring a business space. Actually getting property for a business can be one of the biggest decisions a small business owner will make when they are starting out, but is it better to buy property or to lease it?

Like most business decisions, the decision to buy or lease business property has its advantages and disadvantages. In large part, the type of situation you choose depends on a realistic evaluation of your business as it is and a reasonable projection of how your business will be in the future.

Paternity leave in Michigan: An overview

When it comes to new parents, their greatest concern is usually the well being of their child. Naturally, spending as much time as possible with their child is often their highest priority. While this is reasonable considering the amount of care a newborn child requires, it can sometimes create a difficult situation for parents who work full-time.

Fortunately for parents, the United States has laws that provide them with the opportunity to take time off in order to deal with serious family events. The legislation that ensure this time off is known as the Family and Medical Leave Act.

Why Small Business Owners in Ypsilanti, Michigan, Suffer When Multinational Corporations Keep Money Offshore

During the recent 2016 presidential election, the issue of corporations earning and keeping money offshore came up often. Both candidates voiced their opinion that the billions of dollars held by corporations outside of the United States is done primarily to avoid taxes.

Tips on Hiring the Best Criminal Defense Attorney

Tips on Hiring the Best Criminal Defense Attorney When you find yourself in need of a criminal defense attorney, you want the best. Finding the right criminal defense attorney can be challenging, and while there might be several good choices, you want someone you trust and feel comfortable with, someone you know is going to give your case the attention it deserves. You may need to interview several defense attorneys to find someone who gives you that confidence. 

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