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Jackson, Jackson & Hayes is proud to have helped lots of area businesses set up their corporation or limited liability company (LLC). As we drive around the area, it is almost impossible to go a few blocks without driving past a business that we did the initial set up.
If you are starting a new business, or branching out from a current business, there are two main reasons you should set up a corporation or LLC.
1. To create a layer of protection between your business assets and your personal assets.
2. To take advantage of certain possible tax savings.
Unfortunately, we have represented business owners that have been sued, and though their personal assets were protected from liability because they were a "sole proprietor" or used a "D/B/A" filed with the county, and had to advise these clients that the way their business was organized did not give them the protections they thought they had.
If you are interested in setting up a business, a great place to start is at this link: http://www.dleg.state.mi.us/bcs_corp/sr_corp.asp where you can find out if the name you want is available.
For more information about what kind of entity fits your needs, please contact us.