Business Formation & Planning

To Disclose or Not Disclose to Your Investor?

This blog is a part of the “Cleaning House” series on preparing your business for fundraising. See the first article on How to Prepare Your Business for Funding, and our second article on 

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Cleaning House: An Audit for Funding Your Business

This blog is a part of the “Cleaning House” series on preparing your business for fundraising. While preparing to raise funding for your business and prepping your business plan, pre-funding is a good time to undertake a complete audit…

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Getting Ready for Funding Your Business

This blog is a part of the “Cleaning House” series on preparing your business for fundraising. Follow our blog and Hertz Schram on Facebook and Twitter to stay up to date. No start-up business can survive very long without…

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Personal Goodwill – An Opportunity to Recognize LTCG and Avoid Double Taxation

The sale of a C corporation’s assets generally results in double taxation on the sale proceeds, first, at the corporate level, and then, upon distribution of proceeds to its shareholders, at the personal level. However, individual business owners of…

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Your Personal Liability as a Business Owner

You had a great idea and created a business out of it! Congratulations! You took the initiative to form an entity, such as a corporation or limited liability company, to operate your business for a few good reasons. Not…

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Two tech companies receive funds for business planning ventures

Technological advancements are usually aimed at improving various aspects of society. However, a new company looking to bring its technology to the marketplace will have to have solid business planning backed up by startup capital. This is what two startup…

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Two new business ventures from Michigan win business competitions

If a person has a good idea in business, he or she may be able to make a hefty profit. However, it is also important for an entrepreneur to be able to convince investors that his or her ideas…

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New business in Michigan focuses on seeds and expansion

Growing pains is a universal phenomenon for human beings. This can also be said of any new business within any industry. When a business begins to grow, a business owner will have to make adjustments to the structure of…

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In the Company of Giants

I’ve Dealt With Hundreds Of Start-Ups And Established Closely Held Companies Over 30 Years Of Practicing Law. Sometimes people are good at asking for help and sometimes not. Good counsel and a good CPA can be invaluable relationships for any…

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Michigan fund helps with business planning for medical startups

The medical industry has always been an important part of society. Medicine has the ability to enhance the quality of life of those suffering from illness. This is why many advocate for the further development of the medical industry…

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Awards and Accolades