After making the decision to start your own small business, it is a smart idea to make an experienced business lawyer an integral part of your team as soon as possible. He or she will help you to determine which type of entity to form, and then relieve you of the burden...
Category: Business Law
Personal Liability For Business Debts In Michigan
Piercing the corporate veil
Continue reading…
People form business entities to protect their personal assets. They do not want to be personally liable for their business’s debts. However, a business owner’s personal assets can sometimes be seized to pay business debts. This happens when a court reviews “the entire spectrum of...
Unpaid Internships: A Potential Liability Trap
Over the past few years, there have been a growing number of lawsuits brought by current or former interns. In these lawsuits, the interns charge that their employers violated wage and hour laws by failing to classify them as employees and pay them the minimum wage for the work they performed. This...