Implied Contract Terms

As an entrepreneur or business owner, you will often need to negotiate contracts to do business with other parties. Such documents will be filled with express terms that describe the duties and obligations of your company and the parties that you will engage with. There will also be implied contract terms. These are terms that are assumed to be included in the contract but that are not expressly stated in it.

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Corporate Transparency Act: 2024 Reporting Requirements for Michigan Entities

Beginning January 1, 2024, the Corporate Transparency Act ( “CTA”), will implement information reporting requirements for Michigan corporations, limited liability companies, and other business entities that are and were created in or are and were registered to do business in Michigan and the United States.

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