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Business Law

Our firm advises and represents companies and entrepreneurs with a broad range of business related services.  We advise business owners, entrepreneurs and managers on business law, start-up assistance including the formation of an entity and on the protection of a trademark or license agreement.  We also assist with the process of buying or selling a business.

Business Startup Services

Starting a business requires thorough planning. Our firm assists business owners in the formation of legally sound business entities and helps entrepreneurs devise business strategies that help them achieve their goals. We advise on the business startup and formation process as well as issues related to selection of entity type and jurisdiction, including:

  • Subchapter C-corporation formation
  • Subchapter S-corporation formation
  • Limited liability company (LLC) formation
  • Partnership formation (including LLP)
  • Stock purchases
  • Asset purchases
  • Joint ventures

We also advise clients on and draft shareholder agreements, membership agreements or partnership agreements as part of the entity formation process.

Buying and Selling Businesses

Our firm can guide business owners in the multi-stage process of buying or selling a business, including:

  • Advising on the structure of the transaction
  • Negotiation of terms and drafting of the deal memorandum
  • Advising sellers on legal strategies to address issues raised during the due diligence process
  • Advising buyers on conducting legal due diligence
  • Drafting, reviewing and negotiating the extensive documentation involved in a business transaction, such as asset purchase agreements, stock purchase agreements and security agreements

Preparation and Review of Business Contracts

In consultation with business owners, we review, draft and negotiate contracts related to various business activities, including:

  • Buy-sell agreements
  • Service contracts
  • Releases and waivers
  • Property agreements
  • Shareholder agreements
  • Operating agreements
  • Lease agreements

Establishing Company Policies and Employee Handbooks

There is no law that states that companies must have employee handbooks. However, employee handbooks are a good idea, once a company has more than one or two employees. Definitive employment rules give employees guidance and assurance that all employees will be treated under the same set of policies.  Employee handbooks also provide companies with important legal protection – if an employee challenges an employer’s actions in court, the company can point to its employee handbook as evidence of how the company operates with respect to its employees.


Payne, Broder & Fossee, P.C. is located in Bingham Farms, and serves all areas of Michigan, including Wayne County, Oakland County and Macomb County.



© 2017 Payne Broder & Fossee, P.C. | Disclaimer
32100 Telegraph Road, Suite 200, Bingham Farms, MI 48025
| Phone: 248-642-7733

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