In simple terms, a limited partnership is a business entity that has one or more general partners who control operations and one or more limited partners who usually have minimal say in day-to-day management. A family limited partnership (FLP) takes the basic...
Asset protection refers to the legal and strategic steps you take to shield your personal or business assets from external threats, including lawsuits and creditor claims. In other words, it's about arranging your financial affairs in such a way that, if you ever face...
Have you or your loved ones experienced being the victim of online fraud? Online fraud has become an unfortunate reality for people of all ages. However, seniors are particularly at risk. As technology becomes more embedded in our daily lives, more older adults are...
Family-owned businesses form the backbone of many local economies in Michigan, from small mom-and-pop shops to larger corporations passed down through multiple generations. If you own a family business, you already know the unique advantages it can bring—strong bonds,...
Contracts are at the heart of every business relationship. Whether you're starting a new venture, entering a partnership, or expanding your operations, you need a clear, enforceable agreement that protects your interests. One shortcut many companies take is using...
When you decide to buy real estate in Michigan with one or more co-owners, you are entering into what is known as joint ownership of property. Such an arrangement can be a smart way to share costs, split financial responsibilities, and even streamline the inheritance...
Are you considering a Michigan estate plan? If so, you might have come across the terms Per Stirpes and Per Capita. These concepts determine how your assets are distributed after you pass away. Understanding the difference between these two methods ensures the right...
A non-compete agreement is a contract provision that restricts an employee from working for a competitor or starting a competing business for a certain period of time, usually within a specific geographic region. These agreements help companies protect confidential...
If your business deals with debt collection, it's essential to understand the Fair Debt Collection Practices Act (FDCPA) and its impact on your operations. This law was created to protect consumers from abusive, unfair, or deceptive debt collection practices. Key...
Have you ever wondered why buying or selling property involves signing so many documents? It's not just bureaucracy at work. The Michigan Statute of Frauds plays a crucial role in real estate transactions, designed to safeguard the interests of both buyers and...
In simple terms, a limited partnership is a business entity that has one or more general partners who control operations and one or more limited partners who usually have minimal say in day-to-day management. A family limited partnership (FLP) takes the basic...
Asset protection refers to the legal and strategic steps you take to shield your personal or business assets from external threats, including lawsuits and creditor claims. In other words, it's about arranging your financial affairs in such a way that, if you ever face...
Have you or your loved ones experienced being the victim of online fraud? Online fraud has become an unfortunate reality for people of all ages. However, seniors are particularly at risk. As technology becomes more embedded in our daily lives, more older adults are...
Family-owned businesses form the backbone of many local economies in Michigan, from small mom-and-pop shops to larger corporations passed down through multiple generations. If you own a family business, you already know the unique advantages it can bring—strong bonds,...
Contracts are at the heart of every business relationship. Whether you're starting a new venture, entering a partnership, or expanding your operations, you need a clear, enforceable agreement that protects your interests. One shortcut many companies take is using...