You’ve heard the chorus: “You must incorporate in Delaware.” It’s legal dogma, a default setting in law firm operations everywhere. As seasoned attorneys, we know the stats: over 65% of Fortune 500 companies and a vast majority of US public companies call Delaware their legal home. The prevailing wisdom suggests that it is the only […]
1. Risk Management & Liability Protection Clear allocation of responsibility: Contracts define who is accountable for what. Without this, the firm could inadvertently assume liability for vendor errors (e.g., a medical records vendor mishandling sensitive data). Indemnification & insurance provisions: Well-drafted contracts protect the firm from being dragged into disputes caused by vendor negligence, malpractice, […]
As a business owner, having a clear understanding of your legal needs—and how best to work with an attorney—is essential. When a lawyer fully understands a client’s business operations and challenges, they can provide tailored guidance that defines the scope, budget, and timeline for legal work. Establishing these parameters not only helps manage expectations but […]
In the fast-moving world of real estate and corporate growth, closing the deal is just the beginning. The real value lies in how that deal is structured, how the tax implications are managed, and whether it positions you for long-term success. At Mavacy, my role is to help clients — from developers and business owners […]
Reminder: Michigan LLC Annual Reports Due February 15 A quick heads-up for Michigan business owners, limited liability company (LLC) annual reports are due this Saturday, February 15, 2025. Staying compliant with annual filings is a key part of corporate governance. If you would like our assistance with filing this report or any other corporate governance […]