There has been a recent surge of micro-distilleries (re)opening up in metro Detroit. Most recently, Detroit City Distillery opened its doors to the public late summer 2014 in the Eastern Market. Their popularity does not mean that any and everybody can just start selling whiskey or vodka to the general public. There are several legal steps that need to be crossed before pouring one up.
Read moreThe Best Entity for You - Pt.II →
In the previous post, we discussed two entities that are available to Michigan businesses. In this post we discuss the final three entity types - corporations, limited liability corporation, and non-profit corporation:
Read moreThe Best Entity for You →
For novice business owners, choosing a business structure typically comes down to answering four questions:
- How many people will own the business?
- How much personal liability protection will be needed?
- How do you want your business to be taxed?
- Would your business benefit from being able to sell stock?
HR & Your Business →
As a business it is imperative to achieve growth and productivity goals including hiring top talent and receiving the funding required to continue to grow.
Accomplishing these initiatives is often easier said than done though, because many entrepreneurs and business owners have many other responsibilities to focus on. A recent Wall Street Journal article explicitly addressed the lack of HR practices within tech startups, but the same concerns apply to all businesses, that the bare minimum is often expended when it comes to HR because there just isn’t enough time in the day.
Read more