Legal Issues Common to Michigan Businesses
Commercial law includes all aspects of business, including marketing, transactions, collections, and business organization. Specific ordinances and legal principles unique to Michigan govern the application of law to businesses. In Michigan, Commercial law is complex, and it includes principles that are very different from those that apply to individuals.
Michigan has a population of over 9 million people and is the 8th most populated state in the U.S. The name "Michigan" means "large lake". In the year 1837, Michigan became the 26th state to officially join the Union. The Michigan State Capitol is located in the city of Lansing in Ingham County.
Michigan's court system is comprised of three levels, each serving a different purpose. At the lowest level are the District Courts, Municipal Courts, and Probate Courts. Appeals and higher matters are heard at the intermediate level through the Circuit Court system. Michigan also operates a Court of Claims at the intermediate level, which hears administrative agency appeals involving claims against the state. Michigan's highest court is the Michigan Supreme Court.
Aside from hearing advanced legal claims, the Supreme Court also operates the Michigan Supreme Court Historical Society, dedicated to the preservation of Michigan's rich legal history. A famous Michigan court case is Workman v. Detroit Board of Education (1869), one of the first cases dealing with segregation in education. Another famous Michigan case is the Dr. Kevorkian trial involving assisted death and euthanasia. In 1846, Michigan was the first U.S. state to abolish the death penalty.
Lawyers in Michigan file most of their claims at the District or Municipal Court level. Michigan lawyers are experienced in a broad range of legal topics, allowing them to address the unique legal needs of the community. Michigan continues to promote its rich tradition of legal excellence and service.
The Law of Transactions in Michigan
In daily operating activities, a typical business buys and sells often. Some of these transactions are bound to pose problems. Contracts in Michigan often require legal action to enforce, whether the contracts are formed with consumers or other businesses. It is best to plan beforehand through contracts and purchase agreements. But for these documents to be of legal effect, they must be drafted according to Michigan law. Investing activities on a securities exchange also require an understanding of certain Michigan and Federal laws. The laws of investments include specific provisions for corporations investing as entities.
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Business Organization and the Law
Michigan law determines the range of choices that a business has when organizing its business structure. Incorporation carries a set of unique advantages, but Michigan has its own guidelines regarding applications for incorporation, as do all other states. Proceeding without considering the options carefully may expose your business to tax liability that it otherwise could have avoided. It can be difficult to choose the right business structure. An attorney specialized in Michigan business law can give specialized advice for your individual situation.