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Understanding Business Planning for Your Michigan Business

The legal landscape in Michigan can be ever-changing even as your business successfully grows. Every business should consult a trustworthy attorney who specializes in business law. In Midland, MI, the beginning of a new business can be an exciting venture for anyone.

Many legal steps are involved in establishing a business, from forming a limited liability company (LLC) to creating other business agreements. Our Michigan business planning lawyers are experienced in forming corporations, partnerships, LLCs, and other business entities.

Understanding Business Planning for Your Michigan Business

A knowledgeable business planning lawyer with experience in business law can help you stay ahead of any shifts to business laws so you can focus on what is most important – developing your Michigan business. The complexities of business law can create a lack of transparency for business owners, which can present many obstacles for businesses. Malicoat Law can be your guide to understanding Michigan business law so you can focus on the growth and success of your small business.

Some of the Michigan business law planning we provide includes:

  • The formation of business entities – corporations, limited liability companies (LLC), partnerships, and non-profits
  • Shareholder agreements for corporations
  • Partnership agreements for partnerships
  • Operating agreements for LLCs
  • Business succession planning
  • Buy/sell agreements
  • Leasing agreements
  • Estate planning for business owners

Our Michigan law firm can help you navigate legal business solutions built from experience, understanding, and robust business strategies for your growing business. We are passionate about helping our small business community grow by crafting legal advice to reflect your Michigan business needs, goals, values, and culture.

Understanding Michigan Business Succession Planning

Business succession planning is when you create a plan for another individual to own or run your small business after you retire, become disabled, or pass away.

Our Midland law firm can assist many business ventures, including business succession planning. Without proper succession planning in place, your business will be passed down to the estate’s successors, acquired by other shareholders, or a combination of the two. This action can cause conflict between relatives more active in the day-to-day operations and those who are less involved but receive an equal or more significant share. Whether your business is a partnership, corporation, or small business, we can provide the legal services necessary to form your business’s appropriate entity in Midland, Michigan.

Your Michigan Business Planning Attorney

Don’t leave your Michigan business without a future. By planning, you can determine procedures to follow and appoint a competent successor who will carry out your goals for your business into the future.

Malicoat Law is here to help you and your loved ones understand estate planning, elder law, business planning, probate, and trust administration. Our Midland law firm welcomes the opportunity to consult with new clients in Midland and surrounding Michigan areas to learn more about how we can help meet your business planning legal needs.

 

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