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...
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,...
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...
Elder laws are designed to protect seniors and provide them with the legal support they need as they age. In Michigan, where the elderly population is a significant part of the community, the services of Muskegon attorneys specializing in elder law become not just...
As the years go by, our parents grow older, and with that, the importance of planning for their future becomes increasingly apparent. If you have parents who are 65 or older, you may have already begun to consider their welfare in the long run. But have you thought...
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Muskegon Business Law Attorneys of David T. Bowen, P.C. and Jonathan R. Hoogstra pursue cases of Business Law, Real Estate, and Estate Planning in Muskegon Michigan
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