Legal Question in Business Law in Michigan

im starting an arcade vending business in michigan ,the machine will be in someone elses establishment i have liability insurance ,should i incorporate


Asked on 7/04/10, 5:48 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say there are various business and tax reasons to incorporate, the main one being to limit liability. Often liability insurance with a high limit solves most potential liability issues. Corporations are expensive to form and maintain, but there is also your personal tax situation to consider. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 7/05/10, 7:05 am


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