From our offices in Petoskey and Harbor Springs in Michigan, our attorneys serve clients nationwide.
When an employee leaves a company, the employer might have serious concerns regarding the information the employee was privy to. It can be difficult to prevent the dissemination of information related to products, practices, and services. Two vital forms of information that companies should protect are: Confidential information: A company’s sensitive information can come in many forms, including client lists,…
Many small business ventures get their start as a default general partnership. Two people come up with a great idea for a business, draft a quick business plan and get started. The problem is that many of these businesses fail because the partners were not compatible. Sometimes they both have similar skills and weaknesses, and other times one of the…
While some tech startups have a goal of developing their own innovative intellectual property (IP), the process can be expensive, complicated and lengthy. The successful use of IP is crucial to every startup; however, it is not vital that your company develops its own. You can also license a third party’s IP. What makes licensing an attractive IP strategy? If…
We are living in uncertain times here in 2021, but companies can face adversity at any time. How business partners (either in business together or have a working relationship) handle these challenges will often be the difference between flourishing and the worst-case scenario of floundering for a while or closing up shop. Regardless of the business, companies must remember that…
The United States has about 5.5 million family-run businesses, which produce more than half of the nation’s gross domestic product (GDP). Running a family business is far from easy. Mixing close, family relationships with running a business may cause conflict. Depending on the personalities involved and the role your family members have in your business, you could end up in…
Contracts are the lifeblood of any business. A strong contract enables your business to run smoothly. A strong contract also ensures the protection of your valuable business interests. Here are some components of a solid business contract. Get it in writing Some business owners prefer handshake deals. They make things feel less “stuffy” and less formal. In some transactions, an oral…
Running a successful business requires business owners to juggle many responsibilities. One thing a business owner must always be aware of is the need to monitor and protect the company’s trademarks. Intellectual property can be a confusing concept for many individuals as the assets are intangible. While trademarks and copyrights are used to protect distinct intellectual creations, trademarks are used…
Creating a business requires a substantial commitment of your time, energy and resources. Doing so with a partner who shares your vision and drive can help keep you motivated and the business geared for success, especially in the early stages. However, partnerships can encounter numerous risks or threats over the lifespan of a business. To prepare for uncertainty or even…
A large corporation may be able to survive in the absence of a succession plan, but if you own a small business in Michigan, we at Molosky & Co. believe that you need a solid succession plan in place. The lack of a plan may lead to the destruction of everything you have worked to build after you leave the…
If you own a company in Michigan, you may have your employees sign an employment contract. One of the terms you may include is a non-compete clause or non-compete agreement to protect your proprietary interests. There are many things to consider when constructing this common provision so that you can ensure the clause is enforceable. A non-compete clause aims to…