Author(s): Suzanne P. Fanning, Thomas P. Paxton, Robert D. Goldstein, Thomas P. Christy, Karen Libertiny Ludden, Rachel A. Bissett

This edition of Commercial Law Reporter is dedicated to the topics to be covered in the free upcoming seminar.

Troy Business Law Seminar

Troy Marriot
Tuesday, March 23, 2010

  • Choice of Entity and your Business: How to Choose the Right Entity
  • Contracts and your Business: How to Avoid Litigation over Contract
  • Doing Business in a Down Economy: What to do when the Client Doesn’t Pay
  • The Fruits of your Labor: Recognizing and Preserving Business Intellectual Property
  • Hiring and Firing (Without Meeting a Lawyer on the Way)
  • Business Succession and your Company: What will Happen to your Company if Something Happens to You?

If you would like to attend the seminar, please
contact ecarty@garanlucow.com.

CHOICE OF ENTITY AND YOUR BUSINESS: HOW TO CHOOSE THE RIGHT ENTITY
by: Rachel A. Bissett

This discussion will provide you with an overview on the different types of entities that can be formed for your business needs, including Partnerships, Corporations and Limited Liability Companies. We will also cover the advantages and disadvantages of choosing one form of entity over another, including which entities offer the best liability protection and the tax considerations for each.

Ms. Bissett is an attorney in the Troy office of Garan Lucow Miller, P.C., who handles business incorporation issues. You can reach her at (248) 641-7600/ (800)875-7600 or rbissett@garanlucow.com

CONTRACTS AND YOUR BUSINESS: HOW TO AVOID LITIGATION OVER CONTRACTS
by: Karen Libertiny Ludden

Every business enters into contracts, from those involving the sale of goods, to those involving leases and employment relationships. What contracts are safe, what are the common pitfalls, do you need a witness or notary, and when should you consult a professional?

Ms. Ludden is an attorney in the Troy office of Garan Lucow Miller, P.C., who handles commercial litigation cases involving business contracts. You can reach her at (248) 641-7600/(800) 875-7600 or kludden@garanlucow.com

DOING BUSINESS IN A DOWN ECONOMY: WHAT TO DO WHEN THE CUSTOMER DOESN’T PAY
By: Thomas P. Christy

In today’s economy, more customers are avoiding their bills, but your business is less able to afford to carry large receivables. Learn how to be prepared before an account goes delinquent; how to react when an account first becomes delinquent; and when to call in professional help.

Mr. Christy is an attorney in the Troy office of Garan Lucow Miller who handles commercial litigation cases involving businesses and their clients. You can reach him at (248) 641-7600 or tchristy@garanlucow.com

THE FRUITS OF YOUR LABOR: REALIZING AND PROTECTING BUSINESS INTELLECTUAL PROPERTY
by: Robert D. Goldstein

Is your product, company logo or idea worth protecting? What are the pros and cons of protecting your work? Is there anything that cannot be protected as intellectual property? How does a copyright differ from a trademark or trade secret and what do you have to do to obtain protection for each one? This discussion will focus on helping you determine if intellectual property protection is a good business decision for you.

Mr. Goldstein is an attorney in the Grand Blanc office of Garan Lucow Miller, P.C.,who handles intellecutal property matters. You can contact him at (810) 695-3700/(800) 875-3700 or rgoldstein@garanlucow.com

HIRING AND FIRING (WITHOUT MEETING A LAWYER ON THE WAY )
By: Thomas P. Paxton

Hiring and firing employees can be the hardest part of any professional’s business. Although states such as Michigan are considered to be “at will” states, civil rights legislation has imposed an unwritten duty on employers to demonstrate that their decisions were not based on impermissible reasons or the employee’s protected characteristics. The risk of employee lawsuits and the hassles endured along the way can be reduced by understanding the law regarding employment, planning in advance to select the employee who fits the best with you and your organization, and, when necessary, clearly and decisively ending employment relationships.

Mr. Paxton is an attorney in the Detroit office of Garan Lucow Miller, P.C. who handles business employment matters. You can contact him at (313) 446-1530/ (800)875-1530 or tpaxton@garanlucow.com

BUSINESS SUCCESSION AND YOUR COMPANY: WHAT HAPPENS TO YOUR COMPANY IF SOMETHING HAPPENS TO YOU?
by: Suzanne P. Fanning

Even though you have worked hard to build up your business, unexpected and unplanned events can ruin all of that work. Do you have a plan in place to protect your business, provide stability and liquidity in the event that one of your partners has an unexpected illness, accident or death? How do you protect the business from claims by your partner’s estate and family members? Do you have a succession plan in place for your business? How do you provide for your spouse or children who are not involved in the business when you are gone?

Ms. Fanning is an attorney in the Ann Arbor office of Garan Lucow Miller, P.C., who handles business succession issues. You can contact her at (734) 930-5600 or sfanning@garanlucow.com

If your company is interested in receiving a free in-house seminar on any commercial law topic, please contact kludden@garanlucow.com