News and Events

Making Hard Decisions About Your Business

Are you deciding whether to close your business? And need help?

We know that COVID-19 has been difficult on many small businesses in Detroit and some entrepreneurs may decide to permanently close their doors. We also know this decision is a very difficult and scary one to make as a business owner and is not only a financial but an emotional choice. If you are in a position where you need to decide whether to exit your business, we want to help you to do so responsibly and with the best possible outcome. 

Michigan Community Resources (MCR) and Miller Canfield have partnered to provide important information and guidance to small business owners in Detroit who are considering closing their business.  Below you’ll find videos and materials as part of a Business Closure Toolkit to help answer questions, offer sample template documents and provide information. 

Please note this information is not intended to be legal advice, but rather provide education and information. However, if you do need legal help Michigan Community Resources offers free resources as part of their Virtual Legal Clinic where Detroit nonprofits, small businesses, and entrepreneurs (including those organizations impacted by the COVID-19 crisis) to receive free legal advice during a 45-minute remote consultation with a volunteer attorney. Click here to contact an MCR legal resource.

Business Closure Toolkit Videos:

Introduction to the Business Closure Toolkit

Coaching and Information

Bankruptcy

Dissolution of Corporation

Dissolution of LLC

Thank you Michigan Community Resources and Miller Canfield for putting this information together and being a resource to Detroit small businesses.

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