William H. Franks

William H. Franks

Bill Franks works for the law firm Smith Haughey Rice & Roegge in Grand Rapids. Smith Haughey has been providing legal services to clients across Michigan and beyond since 1941. Bill is a corporate law, banking and finance, bankruptcy and creditor’s rights lawyer in West Michigan. He represents creditors in bankruptcy, workouts and collection proceedings. He can be reached at 616.458.3215 or wfranks at shrr dot com.


Buyer beware: Successor liability in asset purchases

September 30, 2014
Your company recently purchased the assets of another business through an asset purchase agreement, which specifically states the buyer is not assuming any liabilities of the seller. No need to worry about any of the seller’s liabilities coming back to haunt you, right? Read More

The state of crowdfunding in Michigan

September 17, 2014
The Michigan Invests Locally Exemption, which went into effect on Dec. 30, 2013, amended the state’s uniform securities act to provide an exemption from registration under Michigan securities law for the sale by a company of its securities, most notably sales of securities via equity crowdfunding through third-party Internet portals. Read More

Legal mistakes commonly made by small businesses

July 16, 2014
Starting a small business can be both an exciting and stressful time. Often times, legal considerations and requirements can get lost in the shuffle — and only come to light when the business owner is attempting to sell the business or is getting sued. Read More