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CORNERSTONES FORSUCCESSFUL MICHIGANBUSINESSESBY: MICHAEL P. JAMES, J.D., M.B.A., CSSGB© 2013 Fraser Trebilcock Davis &Dunl...
My Background University of Michigan (A2) Bachelor of Arts with Distinction, 2002 History & Political Science Universi...
My Background
Jack & the 3Envelopes
“Blame YourPredecessor”“Reorganize”“Prepare 3Envelopes”Jack & the 3Envelopes
What can We Learn from Jack?• Jack never examined the causeof the company’s difficulties ordeveloped a plan to fix them.• ...
What Are Your BusinessAspirations?Entrepreneur:Bring your ideas andinventions to life.Small Business Owner:Maintain succes...
BusinessCornerstonesClarityFocusPatienceAdaptability
Cornerstone 1:Clarity• Must be able to clearlyarticulate idea or plan.• Clarity can take time.• Elevator Speech.
Cornerstone 2:Focus• Must stay focused onyour goal.• Stay focused on whatyou are good at.• Give yourself extra timeand sta...
Cornerstone 3:Patience• Most importantcornerstone.• You have to let yourplan have time to work.
Cornerstone 4:Adaptability• Be ready to adapt.• Unexpected change willhappen.• Surround yourself withthe right people.
Legal CornerstonesEntity FormationDefiningRelationshipsInternal Contracts
Cornerstone 1:Entity Formation• Set-up Process.• Taxation.• Liability.• Management & Control.
Cornerstone 2:Defining Relationships• Corporations:• Articles ofIncorporation.• Directors & Officers.• Bylaws, Resolutions...
Cornerstone 3:Internal Contracts• Employment Contracts:• At-will Employee.• Respective Duties.• Confidentiality.• Non-Comp...
© 2013 Fraser Trebilcock Davis &Dunlap, P.C.Fraser Trebilcock Davis & Dunlap, P.C.124 W. Allegan Street, Suite 1000Lansing...
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Cornerstones for Successful Michigan Businesses

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Michael James, a senior attorney at Fraser Trebilcock, provides representation and counseling related to all facets of business enterprise and healthcare matters. This presentation was originally given to the University of Michigan Club of Greater Detroit in February 2012. To contact Michael James directly, email him at mjames@fraserlawfirm.com or call him directly at 517-377-0823.

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Cornerstones for Successful Michigan Businesses

  1. 1. CORNERSTONES FORSUCCESSFUL MICHIGANBUSINESSESBY: MICHAEL P. JAMES, J.D., M.B.A., CSSGB© 2013 Fraser Trebilcock Davis &Dunlap, P.C.
  2. 2. My Background University of Michigan (A2) Bachelor of Arts with Distinction, 2002 History & Political Science University of Miami School of Law (FL) Juris Doctor, 2005 Commercial/Business Law & International law Michigan State University (EL) Master of Business Administration, 2010 Human Resources, Leadership & Change Mgmt. University of Michigan (A2) Six Sigma, Healthcare, 2012
  3. 3. My Background
  4. 4. Jack & the 3Envelopes
  5. 5. “Blame YourPredecessor”“Reorganize”“Prepare 3Envelopes”Jack & the 3Envelopes
  6. 6. What can We Learn from Jack?• Jack never examined the causeof the company’s difficulties ordeveloped a plan to fix them.• Jack never evaluated outcomesto see if solutions actuallyworked.• Jack wanted “quick fixes”.• Jack was satisfied with“envelope solutions”. He did notcraft solutions that were uniqueto the situation.
  7. 7. What Are Your BusinessAspirations?Entrepreneur:Bring your ideas andinventions to life.Small Business Owner:Maintain successful andsustainable niche in market.Business Professional:Add value to your companyand lead strategic andinnovative initiatives.Retiree:Begin retirement careercontinuing to do what youknow and love, but on ourown terms.
  8. 8. BusinessCornerstonesClarityFocusPatienceAdaptability
  9. 9. Cornerstone 1:Clarity• Must be able to clearlyarticulate idea or plan.• Clarity can take time.• Elevator Speech.
  10. 10. Cornerstone 2:Focus• Must stay focused onyour goal.• Stay focused on whatyou are good at.• Give yourself extra timeand start small.• Milestones.
  11. 11. Cornerstone 3:Patience• Most importantcornerstone.• You have to let yourplan have time to work.
  12. 12. Cornerstone 4:Adaptability• Be ready to adapt.• Unexpected change willhappen.• Surround yourself withthe right people.
  13. 13. Legal CornerstonesEntity FormationDefiningRelationshipsInternal Contracts
  14. 14. Cornerstone 1:Entity Formation• Set-up Process.• Taxation.• Liability.• Management & Control.
  15. 15. Cornerstone 2:Defining Relationships• Corporations:• Articles ofIncorporation.• Directors & Officers.• Bylaws, Resolutions, Law.• Limited LiabilityCompanies:• Articles ofOrganization.• Members & Managers.• Operating Agreement.
  16. 16. Cornerstone 3:Internal Contracts• Employment Contracts:• At-will Employee.• Respective Duties.• Confidentiality.• Non-Compete.• Employee Handbooks:• Anti-Harassment• E-mail & Social Media
  17. 17. © 2013 Fraser Trebilcock Davis &Dunlap, P.C.Fraser Trebilcock Davis & Dunlap, P.C.124 W. Allegan Street, Suite 1000Lansing, Michigan 48933www.fraserlawfirm.comPhone: (517) 482-5800Fax: (517) 482-0887Fraser Trebilcock Davis & Dunlap, P.C.One Woodward Avenue, Suite 1550Detroit, Michigan 48226www.fraserlawfirm.comPhone: (313) 237-7300Fax: (313) 961-1651Michael P. James, J.D., M.B.A., CSSGBPhone: (517) 377-0823(313) 965-9038Email: mjames@fraserlawfirm.comwww.linkedin.com/in/MichaelJamesLawHow the Law Today Shapes Business Tomorrow. ℠

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