Business Owners!! Beware of improper conduct!!

Check out this recent Michigan Court of Appeals case where the court found that a limited liability company, along with some of its “executives” were guilty of member oppression, self-dealing and related improper conduct concerning distribution of proceeds from the sale of the company!

Courts take the mishandling of funds and improper conduct of a company’s board or members seriously. For this reason, it is imperative for business owners to implement conduct-regulating policies and to properly enforce these policies. Otherwise, you and your board/members may find yourself at the wrong end of lawsuit- like the defendants in this case. Click here to read the opinion!

Questions or concerns about how to handle these types of matters in relation to your own business? Contact C&G today!

P: (248) 395-3699 E:

*Please be sure to read the disclaimer section on our site!!

Recent Posts

See All

BEWARE of the personal guarantee!

It is common for owners of new companies to be asked to sign a personal guarantee for anyone extending “credit”. Landlords, Suppliers, Financial Institutions and any other sources that may extend “cre

Corktown Office | 2020 14th Street, Suite 101, Detroit, MI 48216  |   (313) 752-0235

  • GLLG Facebook
  • GLLG Twitter
  • GLLG Instagram
  • GLLG LinkedIn
  • GLLG YouTube

Oakland County Office | One Towne Square, Ste 1835, Southfield, MI 48076  |   (248) 717-7777

© 2020 by Great Lakes Legal Group, PLLC