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business formation & planning Archives

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. 

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.

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.

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.

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.

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