As a business owner, it is critical that you understand the rules and regulations that govern proper business practices. Not doing so may lead to expensive fees and additional consequences. Some companies are able to maintain an attorney or legal staff; however, this is not always the case, especially for smaller…
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Your business comprises various parts, and your team is a major component of that. It is important that you are following all applicable laws when it comes to your employees and personnel. The United States DOL provides a summary of the general labor laws that businesses across the board must apply. However, some…
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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…
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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…
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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…
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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…
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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…
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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…
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